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 |
59.80 |
58.02 |
54.37 |
45.42 |
43.55 |
Interest and Dividend Income, Securities |
1.41 |
1.39 |
1.35 |
1.41 |
-1.99 |
Interest Income, Deposits with Financial Institutions |
0.12 |
0.24 |
0.20 |
0.17 |
0.07 |
Other Income |
5.18 |
5.05 |
4.94 |
3.48 |
6.21 |
Total Interest Income |
66.52 |
64.69 |
60.86 |
50.48 |
47.84 |
Interest Expense, Deposits |
21.42 |
19.92 |
17.85 |
14.00 |
10.19 |
Interest Expense, Short-term Borrowings |
2.79 |
1.99 |
1.21 |
0.82 |
-0.65 |
Other Intrest Expenses |
1.51 |
1.50 |
1.44 |
1.45 |
3.94 |
Total Interest Expense |
25.72 |
23.42 |
20.55 |
16.29 |
13.49 |
Net Interest Income |
40.79 |
41.27 |
40.31 |
34.19 |
34.35 |
Provision
for loan losses |
1.50 |
1.25 |
8.00 |
1.50 |
1.50 |
Total Net Interest Income |
39.29 |
40.02 |
32.31 |
32.69 |
32.85 |
Insurance Commissions and Fees |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Including Assessed Tax |
4.84 |
4.65 |
4.88 |
3.89 |
10.32 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.20 |
0.11 |
0.10 |
0.12 |
-0.45 |
Tax Exempt |
- |
- |
- |
- |
- |
Debt Securities Available For Sale Realized Gain Loss |
0.21 |
- |
-0.21 |
- |
- |
Mortgage Origination Revenue |
-0.17 |
- |
0.17 |
- |
- |
Other Non-Interest Income |
0.33 |
-0.47 |
-0.89 |
-0.33 |
-5.64 |
Bankcardexpense |
- |
- |
- |
- |
-1.52 |
Foreclosedpropertiesexpensenetoflosses |
- |
- |
- |
- |
-0.05 |
|
0.81 |
0.97 |
0.95 |
0.70 |
2.20 |
Total Noninterest Income |
5.80 |
5.27 |
5.42 |
4.39 |
4.87 |
Total Revenues |
45.10 |
45.29 |
37.74 |
37.08 |
37.72 |
Salaries & employee benefits, SGA |
0.43 |
0.25 |
0.26 |
0.17 |
19.45 |
Restructuring, Accretion & impairment charges |
0.84 |
1.11 |
4.16 |
0.33 |
0.08 |
Depriciation & Amortization |
1.00 |
1.00 |
1.00 |
0.34 |
0.35 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
0.21 |
Occupancy, Net |
1.55 |
1.44 |
1.53 |
1.33 |
1.33 |
Professional Fees |
0.53 |
0.40 |
0.47 |
0.38 |
0.39 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.67 |
0.72 |
0.74 |
0.33 |
0.35 |
Other Noninterest Expense |
4.35 |
3.95 |
3.64 |
2.97 |
2.93 |
Other loss/ -income |
14.54 |
15.30 |
15.52 |
13.55 |
-7.11 |
Total Operating
Expenses |
23.91 |
24.16 |
27.32 |
19.40 |
18.85 |
Total Costs & Expenses |
49.63 |
47.58 |
47.87 |
35.69 |
32.34 |
Income /-loss before income taxes |
21.19 |
21.13 |
10.41 |
17.68 |
18.87 |
Income taxes expenses/-benefit |
4.59 |
4.79 |
2.20 |
3.58 |
3.78 |
Income after income taxes |
16.37 |
16.11 |
7.98 |
13.88 |
14.41 |
Net income/-loss
of other equity |
-0.23 |
-0.23 |
-0.23 |
-0.23 |
-0.68 |
Income /-loss after income taxes |
16.37 |
16.11 |
7.98 |
13.88 |
14.41 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
16.37 |
16.11 |
7.98 |
13.88 |
14.41 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
16.37 |
16.11 |
7.98 |
13.88 |
14.86 |