INCOME STATEMENT (Quarterly GAAP In millions $) |
(Dec 31 2023) IV. Quarter |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) III. Quarter |
(Dec 31 2022) IV. Quarter |
Interest and Fee Income, Loans and Leases |
12.01 |
11.89 |
11.70 |
11.45 |
11.41 |
Interest Income, Securities, Operating, Held-to-maturity |
4.41 |
4.45 |
4.53 |
4.54 |
4.46 |
Other Interest and Dividend Income |
1.28 |
1.05 |
1.07 |
0.73 |
0.36 |
Total Interest Income |
17.69 |
17.38 |
17.29 |
16.72 |
16.22 |
Interest Expense, Deposits |
6.22 |
5.41 |
4.32 |
3.53 |
2.35 |
Interest Expense, Securities Sold under Agreements to Repurchase |
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Long-term |
-4.78 |
1.90 |
1.83 |
1.05 |
0.56 |
Other Intrest Expenses |
6.79 |
- |
- |
- |
- |
Total Interest Expense |
8.28 |
7.35 |
6.20 |
4.63 |
2.95 |
Net Interest Income |
9.41 |
10.03 |
11.09 |
12.09 |
13.27 |
Provision
for loan losses |
0.14 |
-0.26 |
0.21 |
-0.10 |
0.03 |
Total Net Interest Income |
9.27 |
10.29 |
10.88 |
12.19 |
13.25 |
Fees and Commissions |
- |
- |
- |
- |
- |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.07 |
0.07 |
0.06 |
0.08 |
0.25 |
Gain On Sale Of Loans Plus Write Down Of Loans Held For Sale And Gain On Loan Sale Commitment |
0.00 |
- |
0.01 |
0.00 |
-0.03 |
Loan And Deposit Services Fees And Commissions |
0.31 |
0.30 |
0.41 |
0.31 |
0.32 |
Other Non-Interest Income |
-6.56 |
0.22 |
0.21 |
0.20 |
0.62 |
Loss On Sale Of Loans And Loss On Loan Sale Commitment |
- |
- |
- |
- |
-0.03 |
Interest Expense Federal Home Loan Bank Advances Long Term |
6.64 |
- |
- |
- |
- |
Interest Expense Federal Reserve Bank Advances Long Term |
0.15 |
- |
- |
- |
- |
Total Noninterest Income |
0.60 |
0.59 |
0.69 |
0.59 |
1.14 |
Total Revenues |
9.87 |
10.88 |
11.57 |
12.78 |
14.39 |
Salaries & employee benefits, SGA |
1.14 |
1.16 |
1.06 |
1.03 |
10.04 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Occupancy, Net |
1.71 |
1.82 |
1.76 |
1.62 |
1.78 |
Professional Fees and Commission |
- |
- |
- |
- |
- |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.25 |
0.25 |
0.25 |
0.25 |
0.14 |
Other Noninterest Expense |
- |
- |
- |
- |
- |
Other loss/ -income |
6.39 |
6.44 |
6.45 |
6.72 |
-2.11 |
Total Operating
Expenses |
9.48 |
9.67 |
9.51 |
9.61 |
9.86 |
Total Costs & Expenses |
17.76 |
17.02 |
15.71 |
14.24 |
12.81 |
Income /-loss before income taxes |
0.40 |
1.22 |
2.06 |
3.17 |
4.53 |
Income taxes expenses/-benefit |
0.06 |
0.34 |
0.56 |
0.85 |
1.08 |
Income after income taxes |
0.33 |
0.88 |
1.50 |
2.32 |
3.45 |
Net income/-loss
of other equity |
- |
0.00 |
- |
- |
0.00 |
Income /-loss after income taxes |
0.33 |
0.88 |
1.50 |
2.32 |
3.45 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
0.33 |
0.88 |
1.50 |
2.32 |
3.45 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
0.33 |
0.88 |
1.50 |
2.32 |
3.45 |