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 |
49.20 |
47.92 |
46.06 |
44.27 |
42.71 |
Interest and Dividend Income, Securities |
2.87 |
2.74 |
2.87 |
2.92 |
2.77 |
Other Income |
6.57 |
6.89 |
7.16 |
6.74 |
6.60 |
Total Interest Income |
58.64 |
57.55 |
56.08 |
53.93 |
52.08 |
Interest Expense, Deposits |
24.79 |
12.70 |
10.00 |
5.87 |
2.93 |
Interest Expense, Short-term Borrowings |
0.20 |
0.24 |
0.28 |
0.29 |
0.21 |
Other Intrest Expenses |
-4.95 |
2.38 |
1.76 |
0.81 |
-0.24 |
Total Interest Expense |
20.03 |
15.33 |
12.03 |
6.97 |
2.90 |
Net Interest Income |
38.61 |
42.22 |
44.05 |
46.97 |
49.19 |
Provision
for loan losses |
1.35 |
0.10 |
-0.50 |
0.30 |
0.05 |
Total Net Interest Income |
37.26 |
42.12 |
44.55 |
46.67 |
49.14 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Noninterest Income, Other |
0.30 |
0.36 |
0.34 |
0.25 |
0.22 |
Other |
- |
- |
- |
- |
- |
Interest Income On Federal Funds Sold And Other Short Term Investments |
- |
- |
- |
- |
- |
Dividends Income Federal Reserve Bank And Federal Home Loan Bank Stock |
- |
- |
- |
- |
- |
Interest And Dividend Income Securities Residential Mortgage Backed Held To Maturity |
- |
- |
- |
- |
- |
Interest And Dividend Income Securities Corporate Debt Operating Held To Maturity |
- |
- |
- |
- |
- |
Financial Services Income |
- |
- |
- |
- |
- |
Fees For Services To Customers |
- |
- |
- |
- |
- |
Dividends Income Federal Home Loan Bank Stock |
- |
- |
- |
- |
- |
Other Non-Interest Income |
1.64 |
1.50 |
1.77 |
2.13 |
2.45 |
Outsourced Services |
2.53 |
2.72 |
2.49 |
2.30 |
2.10 |
Total Noninterest Income |
4.47 |
4.57 |
4.60 |
4.67 |
4.78 |
Total Revenues |
41.73 |
46.70 |
49.15 |
51.33 |
53.91 |
Salaries & employee benefits, SGA |
12.44 |
12.39 |
13.12 |
13.28 |
12.06 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Occupancy, Net |
4.21 |
4.36 |
4.26 |
4.60 |
4.26 |
Professional Fees |
1.56 |
1.72 |
1.36 |
1.61 |
1.25 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
4.78 |
2.52 |
2.47 |
2.27 |
2.62 |
F D I C And Other Insurance Expense |
1.09 |
1.08 |
1.09 |
1.05 |
0.77 |
Other loss/ -income |
4.76 |
5.39 |
5.03 |
4.87 |
5.44 |
Total Operating
Expenses |
28.83 |
27.46 |
27.33 |
27.68 |
26.41 |
Total Costs & Expenses |
48.86 |
42.79 |
39.36 |
34.65 |
29.30 |
Income /-loss before income taxes |
12.90 |
19.24 |
21.82 |
23.66 |
27.51 |
Income taxes expenses/-benefit |
3.05 |
4.56 |
5.45 |
5.91 |
6.60 |
Income after income taxes |
9.85 |
14.68 |
16.37 |
17.75 |
20.91 |
Net income/-loss
of other equity |
- |
- |
- |
0.00 |
- |
Income /-loss after income taxes |
9.85 |
14.68 |
16.37 |
17.75 |
20.91 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
9.85 |
14.68 |
16.37 |
17.75 |
20.91 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
9.85 |
14.68 |
16.37 |
17.75 |
20.91 |