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 |
29.74 |
28.76 |
27.15 |
25.51 |
-19.07 |
Interest and Dividend Income, Securities, Operating |
1.90 |
1.87 |
1.82 |
1.76 |
1.61 |
Interest Income, Deposits with Financial Institutions |
0.47 |
0.48 |
0.44 |
0.33 |
0.32 |
Other Income |
5.65 |
5.88 |
5.98 |
5.75 |
47.47 |
Total Interest Income |
37.76 |
36.99 |
35.39 |
33.35 |
30.33 |
Interest Expense, Deposits |
5.70 |
5.03 |
3.90 |
2.71 |
0.50 |
Interest Expense, Borrowings |
2.87 |
3.82 |
4.13 |
3.80 |
2.18 |
Other Intrest Expenses |
5.15 |
4.20 |
3.41 |
2.94 |
2.93 |
Total Interest Expense |
13.73 |
13.46 |
11.87 |
9.44 |
5.62 |
Net Interest Income |
24.03 |
23.53 |
23.52 |
23.91 |
24.71 |
Provision
for loan losses |
-0.08 |
0.53 |
0.78 |
0.11 |
1.63 |
Total Net Interest Income |
22.28 |
23.00 |
22.75 |
23.80 |
23.08 |
Fees and Commissions, Mortgage Banking and Servicing |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Including Assessed Tax |
0.26 |
0.28 |
0.23 |
0.24 |
0.23 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.38 |
0.34 |
0.43 |
0.37 |
0.05 |
Total Interest Expense |
- |
- |
- |
- |
- |
Interest On Federal Funds Sold And Interest Bearing Deposits |
- |
- |
- |
- |
- |
Interest Income Federal Home Loan Bank Stock |
- |
- |
- |
- |
-0.03 |
Consumer |
- |
- |
- |
- |
- |
Interest Income Consumer Loans |
- |
- |
- |
- |
-0.92 |
Debt And Equity Securities Gain Loss |
- |
- |
- |
- |
0.56 |
Loss/ -Gain on Investment |
0.35 |
0.49 |
0.46 |
0.24 |
0.17 |
Other Non-Interest Income |
0.25 |
-0.58 |
-0.44 |
-0.46 |
1.06 |
Interest Bearing Dem and Deposits |
1.55 |
1.43 |
1.35 |
0.98 |
0.70 |
Loan Collection Expenses Recoveries |
-0.22 |
0.09 |
0.09 |
0.05 |
0.14 |
Total Noninterest Income |
2.57 |
2.04 |
2.12 |
1.42 |
1.95 |
Total Revenues |
24.85 |
25.04 |
24.86 |
25.22 |
25.02 |
Salaries & employee benefits, SGA |
13.54 |
7.44 |
7.27 |
0.26 |
12.64 |
Foreclosed Real Estate Expense |
-0.13 |
- |
- |
0.13 |
0.11 |
Communications, Occupancy and Information Technology |
0.78 |
0.76 |
0.78 |
0.77 |
-0.70 |
Professional Fees |
0.49 |
0.35 |
0.30 |
0.43 |
0.34 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.35 |
0.40 |
0.62 |
0.35 |
0.27 |
Other Noninterest Expense |
0.41 |
0.87 |
0.66 |
0.65 |
0.80 |
Director Fees |
0.22 |
0.21 |
0.20 |
0.22 |
0.22 |
Other Loan Income Expenses |
-0.17 |
0.13 |
0.05 |
- |
-0.10 |
Other loss/ -income |
-3.68 |
1.85 |
1.88 |
8.63 |
-2.18 |
Total Operating
Expenses |
11.80 |
12.00 |
11.75 |
11.43 |
11.39 |
Total Costs & Expenses |
25.53 |
25.45 |
23.62 |
20.87 |
17.01 |
Income /-loss before income taxes |
13.05 |
13.05 |
13.11 |
13.79 |
13.64 |
Income taxes expenses/-benefit |
3.28 |
3.10 |
3.41 |
3.50 |
3.68 |
Income after income taxes |
9.77 |
9.95 |
9.70 |
10.29 |
9.96 |
Net income/-loss
of other equity |
- |
0.00 |
- |
- |
- |
Income /-loss after income taxes |
9.77 |
9.95 |
9.70 |
10.29 |
9.96 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
9.77 |
9.95 |
9.70 |
10.29 |
9.96 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
9.77 |
9.95 |
9.70 |
10.29 |
9.96 |