INCOME STATEMENT (Quarterly GAAP In millions $) |
(Dec 31 2023) IV. Quarter |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
Interest and Fee Income, Loans and Leases |
65.91 |
64.87 |
32.73 |
30.83 |
27.66 |
Interest and Dividend Income, Securities |
0.01 |
0.03 |
0.01 |
0.01 |
-7.56 |
Interest Income, Federal Funds Sold |
- |
0.09 |
- |
- |
- |
Interest Income, Deposits with Financial Institutions |
1.22 |
1.21 |
0.17 |
0.16 |
0.66 |
Other Income |
3.99 |
5.05 |
3.73 |
4.06 |
11.51 |
Total Interest Income |
71.14 |
71.25 |
36.63 |
35.06 |
32.28 |
Interest Expense, Deposits |
28.13 |
23.47 |
9.91 |
7.28 |
4.55 |
Interest Expense, Short-term Borrowings |
0.02 |
0.69 |
3.45 |
1.36 |
-1.70 |
Other Intrest Expenses |
1.46 |
1.46 |
0.78 |
0.76 |
2.49 |
Total Interest Expense |
29.61 |
25.63 |
14.14 |
9.40 |
5.34 |
Net Interest Income |
41.53 |
45.62 |
22.49 |
25.66 |
26.94 |
Provision
for loan losses |
0.90 |
28.18 |
0.67 |
1.21 |
0.45 |
Total Net Interest Income |
40.63 |
17.45 |
21.83 |
24.45 |
26.49 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
1.52 |
1.51 |
1.26 |
1.21 |
0.39 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Noninterest Income, Other Operating Income |
- |
- |
- |
- |
- |
Interchange Credit Income |
1.63 |
1.56 |
1.31 |
1.21 |
1.28 |
Mortgage Banking Income |
1.11 |
1.38 |
1.05 |
0.98 |
1.57 |
Title Company Revenue |
0.14 |
0.09 |
0.19 |
0.14 |
0.19 |
Loss On Cash Flow Hedge Ineffectiveness |
- |
- |
- |
- |
- |
Noninterest Income Other Operating Income In Scope And Out Of Scope Of Asu |
2.31 |
1.87 |
1.08 |
1.36 |
1.07 |
Loss/ -Gain on Investment |
-2.17 |
- |
- |
- |
- |
Other Non-Interest Income |
3.01 |
8.58 |
0.40 |
0.43 |
1.35 |
Other Real Estate Owned Expense Net Of Gain Loss On Disposal |
- |
0.00 |
- |
0.00 |
0.01 |
Total Noninterest Income |
7.55 |
14.98 |
5.29 |
5.33 |
5.86 |
Total Revenues |
48.18 |
32.43 |
27.12 |
29.79 |
32.35 |
Salaries & employee benefits, SGA |
12.82 |
14.18 |
8.96 |
8.68 |
3.98 |
Restructuring, Accretion & impairment charges |
0.60 |
14.87 |
1.20 |
0.69 |
0.97 |
Depriciation & Amortization |
2.60 |
2.63 |
0.44 |
0.44 |
0.46 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
2.33 |
2.25 |
1.60 |
1.62 |
-1.58 |
Noninterest Expense Directors Fees |
0.43 |
0.30 |
0.19 |
0.25 |
0.22 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
1.73 |
0.62 |
0.76 |
0.37 |
0.32 |
Other Noninterest Expense |
4.81 |
4.26 |
2.86 |
2.84 |
2.49 |
Legal And Professional Fees |
-2.93 |
1.22 |
0.96 |
0.75 |
0.64 |
Other loss/ -income |
11.28 |
6.84 |
4.66 |
5.25 |
13.51 |
Total Operating
Expenses |
33.67 |
47.16 |
21.61 |
20.89 |
21.00 |
Total Costs & Expenses |
63.28 |
72.78 |
35.75 |
30.29 |
26.33 |
Income /-loss before income taxes |
14.51 |
-14.73 |
5.51 |
8.89 |
11.36 |
Income taxes expenses/-benefit |
4.02 |
-4.99 |
1.50 |
2.44 |
2.95 |
Income after income taxes |
10.49 |
-9.74 |
4.02 |
6.46 |
8.41 |
Net income/-loss
of other equity |
0.00 |
- |
- |
0.00 |
- |
Income /-loss after income taxes |
10.49 |
-9.74 |
4.02 |
6.46 |
8.41 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
10.49 |
-9.74 |
4.02 |
6.46 |
8.41 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
10.49 |
-9.74 |
4.02 |
6.46 |
8.41 |