INCOME STATEMENT (Quarterly GAAP In millions $) |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
(Sep 30 2022) III. Quarter |
Interest and Fee Income, Loans and Leases |
43.54 |
41.09 |
36.75 |
33.94 |
29.75 |
Interest and Dividend Income, Securities, Operating |
1.47 |
0.71 |
0.61 |
0.56 |
0.51 |
Interest Income, Federal Funds Sold |
2.44 |
0.89 |
0.97 |
0.52 |
0.68 |
Total Interest Income |
47.45 |
42.69 |
38.33 |
35.03 |
30.93 |
Interest Expense, Deposits |
25.13 |
21.94 |
17.18 |
10.33 |
5.02 |
Interest Expense, Borrowings |
2.97 |
1.92 |
0.73 |
0.58 |
0.46 |
Total Interest Expense |
28.10 |
23.86 |
17.91 |
10.91 |
5.48 |
Net Interest Income |
19.35 |
18.83 |
20.42 |
24.12 |
25.45 |
Provision
for loan losses |
-0.50 |
0.91 |
1.83 |
2.33 |
0.95 |
Total Net Interest Income |
19.85 |
17.92 |
18.60 |
21.79 |
24.50 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Including Assessed Tax |
1.21 |
1.34 |
0.62 |
0.29 |
1.23 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Bank Owned Life Insurance Income |
0.35 |
0.34 |
0.33 |
-0.71 |
0.38 |
Gain On Sale Of Investments |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Including Assessed Tax |
- |
- |
- |
- |
- |
Service Fees On Deposit Accounts |
0.36 |
0.33 |
0.33 |
0.19 |
0.19 |
Product Or Service On Debit Card |
0.59 |
0.54 |
0.56 |
0.58 |
0.56 |
Service Feeson Deposit Accounts |
- |
- |
- |
- |
- |
Atm And Debit Card Income |
- |
- |
- |
- |
- |
Net Lender And Referral Fees On Ppp Loans |
0.25 |
0.19 |
0.21 |
- |
- |
Gain (Loss) on Disposition of Assets and Other Investments |
- |
- |
- |
0.39 |
- |
Other Non-Interest Income |
- |
- |
- |
0.97 |
0.32 |
Total Noninterest Income |
2.75 |
2.74 |
2.04 |
1.71 |
2.68 |
Total Revenues |
22.60 |
20.65 |
20.64 |
23.50 |
27.18 |
Salaries & employee benefits, SGA |
0.29 |
0.34 |
0.37 |
17.77 |
0.34 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
2.56 |
2.52 |
2.46 |
-0.27 |
2.44 |
Professional Fees |
0.50 |
0.75 |
0.66 |
0.89 |
0.56 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
1.24 |
0.90 |
0.69 |
0.55 |
0.51 |
Other Noninterest Expense |
0.73 |
0.90 |
0.95 |
1.13 |
0.83 |
Production Costs |
- |
- |
- |
-1.65 |
- |
Other loss/ -income |
11.98 |
11.99 |
11.99 |
-2.00 |
11.37 |
Total Operating
Expenses |
17.30 |
17.39 |
17.10 |
16.41 |
16.05 |
Total Costs & Expenses |
45.40 |
41.25 |
35.01 |
27.32 |
21.53 |
Income /-loss before income taxes |
5.29 |
3.26 |
3.54 |
7.09 |
11.14 |
Income taxes expenses/-benefit |
1.20 |
0.80 |
0.84 |
1.60 |
2.73 |
Income after income taxes |
4.10 |
2.46 |
2.70 |
5.49 |
8.41 |
Net income/-loss
of other equity |
- |
- |
0.00 |
- |
- |
Income /-loss after income taxes |
4.10 |
2.46 |
2.70 |
5.49 |
8.41 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
4.10 |
2.46 |
2.70 |
5.49 |
8.41 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
4.10 |
2.46 |
2.70 |
5.49 |
8.41 |