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 |
7.57 |
7.27 |
6.76 |
6.68 |
6.21 |
Interest and Dividend Income, Securities, Operating |
0.75 |
0.72 |
0.73 |
0.71 |
0.56 |
Interest Income, Federal Funds Sold |
0.15 |
0.11 |
0.09 |
0.15 |
0.19 |
Total Interest Income |
8.46 |
8.10 |
7.58 |
7.53 |
6.96 |
Interest Expense, Deposits |
1.56 |
1.19 |
0.62 |
0.32 |
0.24 |
Interest Expense, Borrowings |
0.79 |
0.79 |
0.59 |
0.22 |
0.18 |
Total Interest Expense |
2.35 |
1.98 |
1.22 |
0.54 |
0.42 |
Net Interest Income |
6.11 |
6.12 |
6.37 |
6.99 |
6.54 |
Provision
for loan losses |
- |
- |
- |
0.00 |
0.10 |
Total Net Interest Income |
6.11 |
6.12 |
6.37 |
6.99 |
6.44 |
Fees and Commissions |
- |
- |
- |
- |
- |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Noninterest Income, Other Operating Income |
0.13 |
0.12 |
0.11 |
0.14 |
0.11 |
Debt Securities Available For Sale Realized Gain Loss |
-4.99 |
- |
- |
- |
- |
Gainonsaleofsmallbusinessadministrationloans |
- |
- |
- |
- |
- |
Debt And Equity Securities Gain Loss |
0.69 |
0.71 |
0.67 |
0.67 |
0.67 |
Other Non-Interest Income |
0.49 |
0.39 |
0.48 |
0.49 |
0.97 |
Total Noninterest Income |
-3.67 |
1.22 |
1.26 |
1.29 |
1.75 |
Total Revenues |
2.45 |
7.35 |
7.62 |
8.28 |
8.19 |
Salaries & employee benefits, SGA |
0.09 |
0.14 |
0.11 |
6.83 |
0.07 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Occupancy, Net |
0.31 |
0.31 |
0.31 |
0.30 |
0.31 |
Professional Fees |
0.89 |
0.84 |
0.81 |
0.66 |
0.66 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Supplies Expense |
0.04 |
0.04 |
0.05 |
0.04 |
0.05 |
Federal Deposit Insurance Corporation Premium Expense |
0.08 |
0.08 |
0.05 |
0.05 |
0.06 |
Other Noninterest Expense |
0.74 |
0.73 |
0.69 |
0.78 |
0.68 |
Other loss/ -income |
3.60 |
3.70 |
3.73 |
-3.06 |
3.71 |
Total Operating
Expenses |
5.75 |
5.83 |
5.76 |
5.59 |
5.52 |
Total Costs & Expenses |
8.10 |
7.81 |
6.97 |
6.14 |
5.94 |
Income /-loss before income taxes |
-3.31 |
1.51 |
1.87 |
2.68 |
2.66 |
Income taxes expenses/-benefit |
-0.75 |
0.27 |
0.33 |
0.52 |
0.51 |
Income after income taxes |
-2.55 |
1.24 |
1.54 |
2.16 |
2.15 |
Net income/-loss
of other equity |
- |
0.00 |
- |
- |
- |
Income /-loss after income taxes |
-2.55 |
1.24 |
1.54 |
2.16 |
2.15 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
-2.55 |
1.24 |
1.54 |
2.16 |
2.15 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
-2.55 |
1.24 |
1.54 |
2.16 |
2.15 |