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 |
24.29 |
23.83 |
22.15 |
19.89 |
32.15 |
Interest Income, Securities, Mortgage Backed |
1.08 |
1.06 |
0.97 |
0.94 |
1.52 |
Other Income |
1.33 |
1.49 |
1.13 |
1.06 |
2.03 |
Total Interest Income |
26.69 |
26.38 |
24.25 |
21.89 |
35.70 |
Interest Expense, Deposits |
8.25 |
7.44 |
5.96 |
4.09 |
3.13 |
Interest Expense, Borrowings |
6.69 |
6.95 |
5.62 |
4.01 |
5.10 |
Total Interest Expense |
14.94 |
14.39 |
11.57 |
8.10 |
8.23 |
Net Interest Income |
11.76 |
11.99 |
12.68 |
13.80 |
27.48 |
Provision
for loan losses |
-0.44 |
0.45 |
0.19 |
0.46 |
0.59 |
Total Net Interest Income |
12.19 |
11.54 |
12.49 |
13.34 |
26.89 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
0.33 |
0.45 |
0.61 |
0.43 |
-28.40 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.38 |
0.27 |
0.29 |
1.03 |
0.44 |
Debt And Equity Securities Gain Loss |
- |
- |
- |
- |
- |
Interest Income Federal Funds Sold And Short Term Investments |
1.33 |
1.49 |
1.13 |
1.06 |
3.08 |
Other Non-Interest Income |
13.93 |
19.27 |
20.88 |
15.62 |
70.71 |
Professional Income Fees |
0.91 |
0.75 |
0.62 |
0.42 |
1.07 |
Foreclosed Real Estate Expense Income |
0.00 |
0.00 |
0.00 |
0.00 |
0.02 |
Total Noninterest Income |
16.88 |
22.23 |
23.53 |
18.55 |
46.91 |
Total Revenues |
29.07 |
33.77 |
36.01 |
31.89 |
73.80 |
Salaries & employee benefits, SGA |
20.06 |
21.59 |
22.40 |
20.05 |
46.64 |
Real Estate Investment Partnership Cost of Sales |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
3.23 |
3.22 |
3.14 |
3.39 |
6.34 |
Loan Processing Fee |
0.76 |
0.72 |
0.93 |
1.02 |
2.49 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
3.41 |
2.58 |
2.67 |
3.10 |
6.04 |
Other loss/ -income |
2.21 |
1.91 |
1.79 |
1.56 |
4.82 |
Total Operating
Expenses |
29.66 |
30.02 |
30.92 |
29.11 |
66.32 |
Total Costs & Expenses |
44.60 |
44.41 |
42.49 |
37.20 |
79.84 |
Income /-loss before income taxes |
-0.60 |
3.75 |
5.09 |
2.78 |
2.19 |
Income taxes expenses/-benefit |
-0.56 |
0.50 |
1.09 |
0.63 |
1.26 |
Income after income taxes |
-0.04 |
3.25 |
4.01 |
2.16 |
0.94 |
Net income/-loss
of other equity |
0.00 |
- |
- |
0.00 |
0.00 |
Income /-loss after income taxes |
-0.04 |
3.25 |
4.01 |
2.16 |
0.94 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
-0.04 |
3.25 |
4.01 |
2.16 |
0.94 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
-0.04 |
3.25 |
4.01 |
2.16 |
0.94 |