INCOME STATEMENT (Quarterly GAAP In millions $) |
(Mar 31 2022) I. Quarter |
(Dec 31 2021) IV. Quarter |
(Sep 30 2021) III. Quarter |
(Jun 30 2021) II. Quarter |
(Mar 31 2021) I. Quarter |
Interest and Fee Income, Loans and Leases |
61.23 |
59.23 |
55.07 |
51.70 |
49.19 |
Interest and Dividend Income, Securities, Operating |
6.16 |
4.67 |
4.48 |
3.74 |
2.65 |
Interest Income, Domestic Deposits |
0.19 |
0.15 |
0.16 |
0.12 |
0.16 |
Total Interest Income |
67.58 |
64.05 |
59.71 |
55.56 |
51.99 |
Interest Expense, Deposits |
10.75 |
10.16 |
10.48 |
10.11 |
10.75 |
Interest Expense, Borrowings |
3.23 |
2.76 |
2.56 |
2.54 |
2.58 |
Total Interest Expense |
13.98 |
12.92 |
13.04 |
12.64 |
13.34 |
Net Interest Income |
53.60 |
51.12 |
46.67 |
42.91 |
38.66 |
Provision
for loan losses |
0.56 |
0.49 |
- |
0.10 |
0.22 |
Total Net Interest Income |
53.04 |
50.64 |
46.67 |
42.82 |
38.43 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.34 |
0.63 |
0.59 |
0.49 |
1.30 |
Swap Fees |
- |
- |
- |
- |
- |
Gain Losson Sale of Available for Sale Securities Net |
- |
- |
- |
- |
- |
Unrealized Gain Loss On Derivatives |
- |
- |
- |
- |
- |
Net Gain Losson Sale and Call of Investment Securities |
- |
0.11 |
0.03 |
0.10 |
0.00 |
Financing Receivable Credit Loss And Debt Securities Held To Maturity Expense Reversal |
0.56 |
0.49 |
- |
0.10 |
0.22 |
Other Non-Interest Income |
13.40 |
14.00 |
12.82 |
13.38 |
11.48 |
State Capital Shares Tax |
0.80 |
0.69 |
0.79 |
0.78 |
0.65 |
Total Noninterest Income |
15.10 |
15.92 |
14.23 |
14.84 |
13.65 |
Total Revenues |
68.14 |
66.56 |
60.90 |
57.66 |
52.08 |
Salaries & employee benefits, SGA |
26.26 |
23.47 |
23.05 |
22.18 |
20.90 |
Depriciation & Amortization |
0.48 |
0.48 |
0.48 |
0.48 |
0.48 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
6.81 |
6.30 |
6.55 |
5.50 |
4.95 |
Professional Fees |
2.28 |
5.06 |
2.31 |
2.12 |
1.32 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
1.58 |
1.46 |
1.38 |
1.13 |
1.13 |
Other Noninterest Expense |
- |
- |
- |
- |
- |
Other loss/ -income |
3.77 |
6.03 |
4.25 |
3.02 |
2.50 |
Total Operating
Expenses |
41.19 |
42.78 |
38.01 |
34.43 |
31.28 |
Total Costs & Expenses |
55.16 |
55.70 |
51.05 |
47.07 |
44.61 |
Income /-loss before income taxes |
26.95 |
23.77 |
22.89 |
23.24 |
20.81 |
Income taxes expenses/-benefit |
5.31 |
0.71 |
2.87 |
4.46 |
4.61 |
Income after income taxes |
21.64 |
23.06 |
20.02 |
18.78 |
16.20 |
Net income/-loss
of other equity |
- |
0.00 |
0.00 |
- |
- |
Income /-loss after income taxes |
21.64 |
23.06 |
20.02 |
18.78 |
16.20 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
21.64 |
23.06 |
20.02 |
18.78 |
16.20 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
3.13 |
3.12 |
3.10 |
3.08 |
3.06 |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
18.51 |
19.95 |
16.92 |
15.70 |
13.14 |