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 |
0.04 |
0.06 |
0.08 |
0.04 |
-95.34 |
Interest and Dividend Income, Securities |
0.44 |
0.43 |
0.44 |
0.45 |
-11.05 |
Interest Income, Federal Funds Sold |
3.53 |
1.64 |
1.66 |
1.58 |
2.17 |
Other Income |
91.23 |
86.80 |
80.88 |
77.40 |
179.36 |
Total Interest Income |
95.24 |
88.93 |
83.06 |
79.47 |
75.15 |
Interest Expense, Deposits |
29.65 |
21.36 |
17.08 |
13.50 |
9.02 |
Interest Expense, Securities Sold under Agreements to Repurchase |
0.66 |
0.60 |
0.38 |
0.46 |
0.32 |
Interest Expense, Long-term Debt and Capital Securities |
-0.62 |
0.58 |
0.55 |
1.73 |
0.45 |
Other Intrest Expenses |
3.55 |
5.07 |
4.13 |
0.71 |
0.09 |
Total Interest Expense |
33.23 |
27.61 |
22.13 |
16.40 |
9.89 |
Net Interest Income |
62.02 |
61.32 |
60.93 |
63.07 |
65.26 |
Provision
for loan losses |
6.05 |
2.78 |
2.35 |
2.63 |
3.38 |
Total Net Interest Income |
55.97 |
58.54 |
58.58 |
60.45 |
61.89 |
Fees and Commissions, Mortgage Banking and Servicing |
0.82 |
0.81 |
1.03 |
1.04 |
0.21 |
Revenue From Contract With Customer Including Assessed Tax |
10.10 |
10.03 |
10.15 |
9.53 |
9.00 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Bank Owned Life Insurance Income |
0.58 |
0.57 |
0.56 |
0.55 |
0.55 |
Gain On Purchase Of Business |
- |
- |
- |
- |
- |
Gain Loss On Call Of Securities |
- |
- |
- |
- |
- |
Debt Securities Available For Sale Realized Gain Loss |
-0.04 |
- |
- |
- |
- |
Debt And Equity Securities Gain Loss |
- |
- |
- |
- |
- |
Interest Income Federal Home Loan Bank Stock |
0.62 |
0.50 |
0.28 |
0.17 |
0.18 |
Provision For Loan And Lease Losses And Offbalance Sheet Credit Risk Exposures |
6.05 |
2.78 |
2.35 |
2.63 |
3.38 |
Gain (Loss) on Disposition of Assets and Other Investments |
-0.11 |
0.30 |
-0.23 |
0.00 |
1.30 |
Other Non-Interest Income |
4.17 |
5.79 |
6.53 |
6.23 |
6.91 |
Amortization Of Investment In Tax Credit Partnerships |
0.32 |
0.32 |
0.32 |
0.32 |
0.09 |
Interest Expense Federal Funds Purchased And Other Shortterm Borrowing |
0.19 |
0.16 |
0.17 |
0.18 |
0.08 |
Debit And Credit Card Processing Fee |
1.72 |
1.64 |
1.71 |
1.42 |
1.47 |
Total Noninterest Income |
24.42 |
22.90 |
22.86 |
22.05 |
23.14 |
Total Revenues |
80.39 |
81.44 |
81.44 |
82.49 |
85.03 |
Salaries & employee benefits, SGA |
25.10 |
24.01 |
22.71 |
22.54 |
21.98 |
Unusual Expense /-Income |
1.29 |
1.05 |
0.82 |
0.80 |
0.49 |
Depriciation & Amortization |
1.17 |
1.17 |
1.17 |
1.18 |
1.61 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
5.15 |
3.82 |
3.51 |
3.90 |
-3.56 |
Professional Fees and Commission |
- |
- |
- |
- |
- |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Supplies and Postage Expense |
0.90 |
0.94 |
0.89 |
0.87 |
0.89 |
Federal Deposit Insurance Corporation Premium Expense |
1.06 |
0.94 |
0.78 |
1.14 |
0.73 |
Other Noninterest Expense |
3.11 |
2.72 |
2.82 |
2.75 |
3.04 |
Employee Benefits And Share Based Compensation |
3.83 |
4.51 |
5.06 |
5.05 |
3.42 |
Other loss/ -income |
8.41 |
7.55 |
8.03 |
7.09 |
17.34 |
Total Operating
Expenses |
50.01 |
46.70 |
45.80 |
45.31 |
45.95 |
Total Costs & Expenses |
83.24 |
74.31 |
67.93 |
61.71 |
55.83 |
Income /-loss before income taxes |
30.37 |
34.73 |
35.64 |
37.18 |
39.08 |
Income taxes expenses/-benefit |
6.43 |
7.64 |
7.98 |
8.13 |
9.17 |
Income after income taxes |
23.94 |
27.09 |
27.66 |
29.05 |
29.91 |
Net income/-loss
of other equity |
- |
0.00 |
- |
0.00 |
0.00 |
Income /-loss after income taxes |
23.94 |
27.09 |
27.66 |
29.05 |
29.91 |
Net Income (Loss) Attributable to Noncontrolling Interest |
- |
- |
- |
- |
0.09 |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
23.94 |
27.09 |
27.66 |
29.05 |
29.91 |
Noncontrolling interests |
- |
- |
- |
- |
0.09 |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
23.94 |
27.09 |
27.66 |
29.05 |
29.82 |