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, Loans and Leases |
6.45 |
6.13 |
5.81 |
5.65 |
5.38 |
Interest and Dividend Income, Securities |
1.50 |
1.50 |
1.36 |
0.64 |
1.16 |
Interest Income, Federal Funds Sold |
0.91 |
0.94 |
0.33 |
0.25 |
0.15 |
Other Interest and Dividend Income |
0.08 |
0.04 |
0.04 |
0.05 |
0.05 |
Other Income |
0.71 |
0.69 |
0.68 |
1.34 |
0.56 |
Total Interest Income |
9.65 |
9.29 |
8.21 |
7.92 |
7.30 |
Interest Expense, Deposits |
1.10 |
0.96 |
1.06 |
1.13 |
0.23 |
Interest Expense, Borrowings |
1.49 |
1.45 |
0.73 |
0.51 |
0.44 |
Other Intrest Expenses |
0.49 |
0.53 |
- |
-0.26 |
0.26 |
Total Interest Expense |
3.09 |
2.94 |
1.79 |
1.38 |
0.93 |
Net Interest Income |
6.57 |
6.35 |
6.42 |
6.54 |
6.37 |
Provision
for loan losses |
-0.15 |
-0.15 |
- |
0.02 |
0.02 |
Total Net Interest Income |
6.72 |
6.49 |
6.42 |
6.53 |
6.35 |
Fees and Commissions, Depositor Accounts |
- |
- |
- |
- |
- |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Noninterest Income, Other Operating Income |
0.26 |
0.26 |
0.11 |
-0.44 |
0.28 |
Gain On Sale Of Other Real Estate And Other Repossessed Assets |
- |
- |
- |
- |
- |
Revenue Not From Contract With Customer Excluding Interest Income |
0.96 |
1.05 |
1.02 |
1.07 |
1.04 |
Bank Owned Life Insurance Death Benefits |
- |
- |
- |
- |
- |
Debt Securities Available For Sale Realized Gain |
- |
- |
- |
- |
- |
Loss/ -Gain on Investment |
0.04 |
0.04 |
- |
-0.07 |
0.04 |
Other Non-Interest Income |
- |
- |
- |
0.00 |
0.00 |
Total Noninterest Income |
1.26 |
1.35 |
1.12 |
0.56 |
1.36 |
Total Revenues |
7.83 |
7.69 |
7.55 |
7.10 |
7.73 |
Salaries & employee benefits, SGA |
2.76 |
2.76 |
3.15 |
2.66 |
2.68 |
Depriciation & Amortization |
- |
- |
0.04 |
0.11 |
- |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Information Technology and Data Processing |
- |
- |
- |
- |
- |
Professional Fees |
0.37 |
0.34 |
0.39 |
0.47 |
0.36 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Supplies Expense |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
Federal Deposit Insurance Corporation Premium Expense |
0.10 |
0.09 |
0.09 |
0.05 |
0.05 |
Other Noninterest Expense |
1.29 |
1.23 |
1.15 |
1.09 |
1.03 |
Occupancy And Equipment Expense |
0.55 |
0.51 |
0.50 |
0.49 |
0.57 |
Other loss/ -income |
0.14 |
0.14 |
0.10 |
0.15 |
0.16 |
Total Operating
Expenses |
5.23 |
5.09 |
5.44 |
5.05 |
4.88 |
Total Costs & Expenses |
8.32 |
8.03 |
7.22 |
6.43 |
5.81 |
Income /-loss before income taxes |
2.45 |
2.45 |
2.00 |
2.54 |
2.52 |
Income taxes expenses/-benefit |
0.06 |
0.17 |
0.11 |
0.23 |
0.22 |
Income after income taxes |
2.39 |
2.28 |
1.89 |
2.31 |
2.30 |
Net income/-loss
of other equity |
0.00 |
- |
- |
- |
- |
Income /-loss after income taxes |
2.39 |
2.28 |
1.89 |
2.31 |
2.30 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
2.39 |
2.28 |
1.89 |
2.31 |
2.30 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
2.39 |
2.28 |
1.89 |
2.31 |
2.30 |