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 |
52.06 |
48.00 |
43.28 |
39.52 |
36.57 |
Interest and Dividend Income, Securities |
0.40 |
0.39 |
0.39 |
-6.81 |
0.35 |
Interest Income, Federal Funds Sold |
0.12 |
0.16 |
0.04 |
0.02 |
0.03 |
Interest Income, Deposits with Financial Institutions |
0.82 |
0.93 |
0.59 |
0.40 |
0.59 |
Other Income |
4.46 |
4.51 |
4.63 |
11.80 |
4.49 |
Total Interest Income |
57.86 |
53.99 |
48.93 |
44.92 |
42.02 |
Interest Expense, Deposits |
14.63 |
11.84 |
6.99 |
1.85 |
1.41 |
Interest Expense, Securities Sold under Agreements to Repurchase |
0.00 |
0.00 |
0.02 |
0.01 |
0.01 |
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Long-term |
- |
- |
0.00 |
- |
- |
Other Intrest Expenses |
1.58 |
1.39 |
1.26 |
6.00 |
-0.37 |
Total Interest Expense |
23.70 |
19.93 |
13.50 |
7.86 |
3.89 |
Net Interest Income |
34.16 |
34.05 |
35.43 |
37.07 |
38.13 |
Provision
for loan losses |
1.64 |
2.08 |
1.96 |
2.60 |
2.54 |
Total Net Interest Income |
33.20 |
33.00 |
34.75 |
35.48 |
35.59 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
1.74 |
1.57 |
1.65 |
-5.35 |
1.92 |
Sales of Products |
2.02 |
2.49 |
1.97 |
-9.87 |
3.26 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Bank Owned Life Insurance Income |
-0.04 |
0.04 |
0.04 |
-0.76 |
0.05 |
Gain Loss On Sale Of Investments |
- |
- |
- |
0.28 |
-0.28 |
Provision For Credit Losses Offbalance Sheet Exposures |
-0.68 |
-1.02 |
-1.28 |
-1.01 |
- |
Exempt From Federal Income Taxes |
- |
- |
- |
- |
- |
Interest And Dividends On Restricted Securities |
0.08 |
0.08 |
0.07 |
0.13 |
0.06 |
Fees and Commissions Depositor Accounts |
- |
- |
- |
- |
- |
Fees and Commissions Other |
- |
- |
- |
- |
- |
Fees And Commissions Depositor Accounts |
2.07 |
1.91 |
1.87 |
-1.97 |
1.97 |
Fees And Commissions Other |
0.38 |
0.36 |
0.34 |
-0.38 |
0.38 |
Gain (Loss) on Disposition of Assets and Other Investments |
-0.01 |
-0.01 |
0.00 |
-0.27 |
0.23 |
Loss/ -Gain on Investment |
0.63 |
0.64 |
0.73 |
-2.67 |
-0.06 |
Other Non-Interest Income |
1.02 |
1.45 |
1.61 |
23.62 |
0.34 |
Total Noninterest Income |
7.21 |
7.50 |
7.00 |
1.76 |
7.87 |
Total Revenues |
40.40 |
40.50 |
41.75 |
37.24 |
43.45 |
Salaries & employee benefits, SGA |
0.91 |
0.93 |
0.77 |
31.14 |
0.89 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
1.53 |
1.53 |
1.41 |
7.79 |
1.42 |
Professional Fees and Commission |
0.41 |
0.25 |
0.27 |
0.94 |
0.22 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
- |
- |
- |
- |
- |
Debt Securities Available For Sale Realized Gain Loss |
- |
0.00 |
- |
- |
- |
Other loss/ -income |
22.80 |
21.75 |
21.37 |
31.34 |
21.22 |
Total Operating
Expenses |
25.66 |
24.46 |
23.82 |
73.76 |
23.75 |
Total Costs & Expenses |
49.35 |
44.39 |
37.32 |
29.75 |
27.64 |
Income /-loss before income taxes |
14.75 |
16.04 |
17.93 |
15.34 |
19.71 |
Income taxes expenses/-benefit |
3.27 |
3.62 |
4.07 |
3.02 |
4.52 |
Income after income taxes |
11.48 |
12.42 |
13.86 |
12.32 |
15.18 |
Net income/-loss
of other equity |
- |
- |
- |
- |
- |
Income /-loss after income taxes |
11.48 |
12.42 |
13.86 |
12.32 |
15.18 |
Stockholders Equity Attributable to Noncontrolling Interest |
0.01 |
-0.03 |
-0.02 |
0.02 |
0.01 |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
11.48 |
12.42 |
13.86 |
12.32 |
15.18 |
Noncontrolling interests |
0.01 |
-0.03 |
-0.02 |
0.02 |
0.01 |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
11.49 |
12.39 |
13.84 |
12.34 |
15.19 |