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 |
74.24 |
70.90 |
65.45 |
59.75 |
53.64 |
Interest Income, Securities, Operating, Taxable |
7.19 |
7.27 |
7.40 |
7.19 |
6.62 |
Other Interest and Dividend Income |
1.28 |
1.34 |
1.28 |
1.07 |
0.86 |
Other Income |
1.24 |
1.21 |
1.10 |
0.75 |
0.64 |
Total Interest Income |
83.95 |
80.72 |
75.23 |
68.76 |
61.76 |
Interest Expense, Deposits |
37.07 |
34.07 |
29.70 |
19.59 |
12.30 |
Interest Expense, Junior Subordinated Debentures |
0.41 |
0.40 |
0.37 |
0.35 |
0.30 |
Other Intrest Expenses |
13.81 |
12.50 |
11.65 |
11.63 |
7.82 |
Total Interest Expense |
51.29 |
46.97 |
41.73 |
31.57 |
20.42 |
Net Interest Income |
32.65 |
33.75 |
33.50 |
37.19 |
41.34 |
Provision
for loan losses |
1.20 |
0.50 |
0.70 |
0.80 |
0.80 |
Total Net Interest Income |
31.45 |
33.25 |
32.80 |
36.39 |
40.54 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
8.88 |
8.95 |
9.05 |
8.66 |
3.04 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.08 |
0.44 |
0.46 |
0.35 |
-0.78 |
Gainon Sale of Business Line Before Tax |
- |
- |
- |
- |
- |
Dividends On Corporate Stock And Federal Home Loan Bank Stock |
0.98 |
0.88 |
0.86 |
0.60 |
0.33 |
Asset Management Fees |
- |
- |
- |
- |
- |
Merchant Processing Fees |
- |
- |
- |
- |
- |
Card Interchange Fees |
1.25 |
1.27 |
1.27 |
1.13 |
1.24 |
Mutual Funds Fees |
- |
- |
- |
- |
- |
Debt And Equity Securities Gain Loss |
- |
- |
- |
- |
- |
Interestonmortgageloansheldforsale |
0.26 |
0.33 |
0.24 |
0.15 |
0.31 |
Loss/ -Gain on Investment |
0.11 |
1.08 |
0.25 |
-0.05 |
0.75 |
Other Non-Interest Income |
-12.08 |
-10.22 |
-9.45 |
-9.19 |
1.07 |
Interest Expense Federal Home Loan Bank Advances |
13.81 |
12.50 |
11.65 |
11.63 |
7.82 |
Total Noninterest Income |
13.31 |
15.23 |
14.33 |
13.28 |
13.79 |
Total Revenues |
44.76 |
48.48 |
47.13 |
49.68 |
54.33 |
Salaries & employee benefits, SGA |
0.94 |
0.79 |
0.43 |
0.41 |
40.67 |
Depriciation & Amortization |
0.21 |
0.21 |
0.21 |
0.21 |
0.21 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Occupancy, Net |
2.40 |
2.39 |
2.42 |
2.44 |
2.42 |
Professional Fees |
0.96 |
1.06 |
0.98 |
0.90 |
0.99 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
1.24 |
1.19 |
1.37 |
0.87 |
0.49 |
Other Noninterest Expense |
3.58 |
2.29 |
2.35 |
2.43 |
3.16 |
Outsourced Services |
3.67 |
3.74 |
3.62 |
3.50 |
3.57 |
Other loss/ -income |
19.60 |
22.73 |
21.64 |
22.81 |
-18.57 |
Total Operating
Expenses |
32.59 |
34.39 |
33.02 |
33.56 |
33.36 |
Total Costs & Expenses |
83.88 |
81.36 |
74.75 |
65.13 |
53.78 |
Income /-loss before income taxes |
12.17 |
14.09 |
14.11 |
16.11 |
20.97 |
Income taxes expenses/-benefit |
-0.77 |
2.93 |
2.85 |
3.30 |
4.40 |
Income after income taxes |
12.95 |
11.16 |
11.26 |
12.81 |
16.57 |
Net income/-loss
of other equity |
- |
- |
- |
0.00 |
- |
Income /-loss after income taxes |
12.95 |
11.16 |
11.26 |
12.81 |
16.57 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
12.95 |
11.16 |
11.26 |
12.81 |
16.57 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
12.95 |
11.16 |
11.26 |
12.81 |
16.57 |