INCOME STATEMENT (Quarterly GAAP In millions $) |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
(Sep 30 2022) III. Quarter |
Interest and Fee Income, Other Loans |
67.03 |
63.53 |
60.84 |
58.93 |
55.04 |
Interest Income, Securities, Operating, Held-to-maturity |
1.22 |
1.22 |
6.74 |
17.61 |
1.22 |
Interest Income, Deposits with Financial Institutions |
0.13 |
0.18 |
0.14 |
0.18 |
0.09 |
Other Income |
7.09 |
6.94 |
1.51 |
-9.19 |
7.32 |
Total Interest Income |
75.47 |
71.87 |
69.24 |
67.53 |
63.67 |
Interest Expense, Other Domestic Deposits |
16.35 |
13.12 |
10.39 |
6.97 |
3.63 |
Interest Expense, Federal Funds Purchased and Securities Sold under Agreements to Repurchase |
0.02 |
0.02 |
0.01 |
0.02 |
0.01 |
Interest Expense, Other |
4.93 |
4.31 |
- |
-1.98 |
1.35 |
Other Intrest Expenses |
3.16 |
2.53 |
4.58 |
5.22 |
0.56 |
Total Interest Expense |
24.45 |
19.97 |
14.99 |
10.23 |
5.56 |
Net Interest Income |
51.01 |
51.90 |
54.25 |
57.29 |
58.11 |
Provision
for loan losses |
1.15 |
2.25 |
-0.83 |
1.40 |
1.06 |
Total Net Interest Income |
49.86 |
49.64 |
55.07 |
55.90 |
57.06 |
Insurance Commissions and Fees |
11.40 |
8.67 |
9.51 |
7.63 |
10.83 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Noninterest Income, Other Operating Income |
0.99 |
1.60 |
1.94 |
2.23 |
0.98 |
Investment Services Income |
- |
- |
4.51 |
- |
- |
Mark To Market Loss Gain On Liabilities Held At Fair Value |
- |
- |
- |
- |
- |
Interest And Fee Income Cash And Noninterest Bearing Balances Due From Banks |
- |
- |
- |
- |
- |
Interest Income Federal Home Loan Bank And Federal Reserve Bank Advances |
- |
- |
0.30 |
- |
- |
Income Federal Home Loan Bank And Atlantic Community Bankers Bank Stock |
- |
- |
- |
- |
- |
Marktomarket Gain On Liabilities Held At Fair Value |
- |
- |
- |
- |
- |
Marktomarket Gain On Liabilities Held At Fair Value |
- |
- |
- |
- |
- |
Income Federal Home Loan Bank And Other Stock |
- |
0.32 |
- |
- |
0.17 |
Other Non-Interest Income |
-57.17 |
-0.51 |
-0.44 |
3.27 |
8.16 |
Interest Expense Time Deposits250000or More |
3.16 |
2.53 |
1.79 |
0.91 |
0.56 |
|
- |
- |
2.80 |
4.32 |
- |
Total Noninterest Income |
-41.62 |
12.62 |
20.40 |
18.35 |
20.69 |
Total Revenues |
8.24 |
62.26 |
75.47 |
74.25 |
77.75 |
Salaries & employee benefits, SGA |
23.81 |
25.34 |
24.51 |
13.11 |
25.34 |
Depriciation & Amortization |
0.08 |
0.08 |
0.08 |
0.22 |
0.22 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Occupancy, Net |
3.11 |
3.33 |
3.30 |
3.16 |
3.26 |
Professional Fees and Commission |
- |
- |
- |
- |
- |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
13.47 |
14.47 |
13.47 |
13.21 |
12.24 |
Other loss/ -income |
9.40 |
8.75 |
8.80 |
20.49 |
8.55 |
Total Operating
Expenses |
49.87 |
51.97 |
50.16 |
50.19 |
49.60 |
Total Costs & Expenses |
74.32 |
71.94 |
65.15 |
60.42 |
55.16 |
Income /-loss before income taxes |
-41.63 |
10.29 |
25.31 |
24.06 |
28.15 |
Income taxes expenses/-benefit |
-8.30 |
1.78 |
5.90 |
4.48 |
6.77 |
Income after income taxes |
-33.32 |
8.51 |
19.41 |
19.58 |
21.37 |
Net income/-loss
of other equity |
- |
0.00 |
- |
- |
- |
Income /-loss after income taxes |
-33.32 |
8.51 |
19.41 |
19.58 |
21.37 |
Stockholders Equity Attributable to Noncontrolling Interest |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
-33.32 |
8.51 |
19.41 |
19.58 |
21.37 |
Noncontrolling interests |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
-33.35 |
8.48 |
19.38 |
19.55 |
21.34 |