INCOME STATEMENT (Quarterly GAAP In millions $) |
(Dec 31 2023) II. Quarter |
(Sep 30 2023) I. Quarter |
(Jun 30 2023) IV. Quarter |
(Mar 31 2023) III. Quarter |
(Dec 31 2022) II. Quarter |
Interest and Fee Income, Loans and Leases |
1.33 |
1.35 |
1.79 |
1.37 |
1.08 |
Interest and Dividend Income, Securities |
1.78 |
1.71 |
1.81 |
2.08 |
0.78 |
Other Interest and Dividend Income |
1.18 |
0.05 |
0.23 |
1.44 |
0.07 |
Other Income |
57.29 |
55.00 |
50.46 |
43.39 |
36.93 |
Total Interest Income |
61.58 |
58.11 |
54.28 |
48.29 |
38.85 |
Interest Expense, Deposits |
25.57 |
20.44 |
16.33 |
13.71 |
8.59 |
Interest Expense, Securities Sold under Agreements to Repurchase |
- |
- |
- |
0.21 |
- |
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Long-term |
1.08 |
1.84 |
1.33 |
0.21 |
1.66 |
Interest Expense, Debt |
0.44 |
0.44 |
0.41 |
0.40 |
0.35 |
Other Intrest Expenses |
-0.64 |
-0.36 |
-1.18 |
-0.47 |
-0.61 |
Total Interest Expense |
27.09 |
22.71 |
18.06 |
14.52 |
10.60 |
Net Interest Income |
34.49 |
35.39 |
36.22 |
33.77 |
28.25 |
Provision
for loan losses |
0.90 |
0.90 |
0.80 |
10.07 |
1.14 |
Total Net Interest Income |
33.59 |
34.49 |
35.42 |
23.70 |
27.11 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
0.67 |
- |
- |
- |
- |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.38 |
1.35 |
2.27 |
1.43 |
1.23 |
Gain On Purchase Of Business |
- |
- |
- |
- |
- |
Netinterestincomeafterprovisionforloanlosses |
- |
- |
- |
- |
- |
Netinterestincomelossafterprovisionforloanlosses |
- |
- |
- |
- |
- |
Net Interest Income Loss After Provision For Loan Losses |
- |
- |
- |
- |
- |
Net Interest Income After Provision For Loan Losses |
- |
- |
- |
- |
- |
Net Realized Gains On Sale Of Available For Sale Securities |
- |
- |
- |
- |
- |
Debt Securities Realized Gain Loss |
-0.68 |
- |
- |
- |
- |
Gains Realized On Sale Of Available For Sale Securities |
- |
- |
- |
- |
- |
Deposit Account Charges And Related Fees |
1.78 |
1.79 |
-3.80 |
2.09 |
1.71 |
Loss/ -Gain on Investment |
0.30 |
0.21 |
0.32 |
0.13 |
0.13 |
Other Non-Interest Income |
3.19 |
2.50 |
4.26 |
2.63 |
2.39 |
Total Noninterest Income |
5.64 |
5.85 |
8.95 |
6.28 |
5.46 |
Total Revenues |
39.23 |
40.35 |
44.37 |
29.98 |
32.57 |
Salaries & employee benefits, SGA |
0.39 |
0.47 |
0.70 |
0.41 |
0.22 |
Depriciation & Amortization |
1.02 |
1.02 |
1.02 |
0.81 |
0.40 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
5.86 |
-5.82 |
13.47 |
5.53 |
3.87 |
Professional Fees |
0.39 |
-0.42 |
1.29 |
2.32 |
0.85 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Supplies and Postage Expense |
0.28 |
-0.30 |
0.84 |
0.33 |
0.24 |
Federal Deposit Insurance Corporation Premium Expense |
0.60 |
-0.55 |
1.19 |
0.23 |
0.26 |
Other Noninterest Expense |
1.85 |
-1.96 |
4.90 |
2.44 |
1.62 |
Foreclosed Property Expenses Losses |
0.04 |
0.01 |
-0.32 |
0.28 |
0.04 |
Other loss/ -income |
13.43 |
-13.18 |
33.93 |
14.64 |
10.14 |
Total Operating
Expenses |
23.86 |
-20.74 |
57.01 |
26.99 |
17.64 |
Total Costs & Expenses |
50.95 |
1.97 |
75.08 |
41.51 |
28.24 |
Income /-loss before income taxes |
15.37 |
16.64 |
19.50 |
2.99 |
14.93 |
Income taxes expenses/-benefit |
3.17 |
3.49 |
2.96 |
0.58 |
3.27 |
Income after income taxes |
12.19 |
13.15 |
15.56 |
2.41 |
11.66 |
Net income/-loss
of other equity |
- |
0.00 |
-0.97 |
0.00 |
- |
Income /-loss after income taxes |
12.19 |
13.15 |
15.56 |
2.41 |
11.66 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
12.19 |
13.15 |
15.56 |
2.41 |
11.66 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
12.19 |
13.15 |
15.56 |
2.41 |
11.66 |