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 |
38.21 |
36.76 |
35.01 |
32.95 |
30.86 |
Interest and Dividend Income, Securities |
0.87 |
0.88 |
0.88 |
0.89 |
-5.09 |
Interest Income, Federal Funds Sold |
0.09 |
0.03 |
0.03 |
0.03 |
0.02 |
Other Income |
3.52 |
3.43 |
3.43 |
3.32 |
9.38 |
Total Interest Income |
42.68 |
41.09 |
39.35 |
37.18 |
35.17 |
Interest Expense, Deposits |
20.02 |
17.16 |
16.28 |
13.34 |
11.04 |
Interest Expense, Federal Funds Purchased |
2.02 |
3.17 |
2.26 |
2.08 |
0.95 |
Interest Expense, Long-term Debt and Capital Securities |
3.92 |
1.11 |
1.11 |
1.11 |
2.22 |
Other Intrest Expenses |
0.35 |
2.45 |
1.78 |
1.45 |
0.29 |
Total Interest Expense |
26.32 |
24.46 |
22.01 |
18.48 |
14.50 |
Net Interest Income |
16.36 |
16.63 |
17.34 |
18.70 |
20.67 |
Provision
for loan losses |
0.50 |
0.20 |
- |
- |
5.00 |
Total Net Interest Income |
15.86 |
16.43 |
17.34 |
18.70 |
20.67 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Including Assessed Tax |
0.48 |
0.46 |
0.46 |
0.46 |
0.48 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
0.31 |
0.34 |
0.42 |
0.36 |
-0.10 |
Debit Card Usage Fees |
- |
- |
- |
- |
- |
Service Fee From Smartypig Llc |
- |
- |
- |
- |
- |
Gains And Fees On Sales Of Residential Mortgages |
- |
- |
- |
- |
- |
Gain From Bank Owned Life Insurance |
- |
- |
- |
0.69 |
- |
Loanswapfees |
0.43 |
- |
- |
- |
- |
Debt Securities Available For Sale Realized Gain Loss Excluding Other Than Temporary Impairment |
-0.43 |
- |
- |
- |
- |
Other Non-Interest Income |
6.33 |
-0.31 |
-0.11 |
0.19 |
3.80 |
Interest Expense F H L B Advances |
-5.21 |
2.33 |
1.62 |
1.26 |
-1.91 |
Total Noninterest Income |
1.90 |
2.82 |
2.39 |
2.96 |
2.27 |
Total Revenues |
17.76 |
19.26 |
19.73 |
21.65 |
22.93 |
Salaries & employee benefits, SGA |
6.47 |
6.70 |
7.03 |
6.87 |
6.55 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
1.50 |
1.36 |
1.32 |
1.33 |
-0.01 |
Professional Fees and Commission |
0.24 |
0.25 |
0.29 |
0.25 |
-0.19 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
0.48 |
0.44 |
0.42 |
0.42 |
0.24 |
Other Noninterest Expense |
1.85 |
1.69 |
1.86 |
1.86 |
0.37 |
Other loss/ -income |
1.64 |
1.47 |
1.56 |
1.35 |
4.70 |
Total Operating
Expenses |
12.16 |
11.91 |
12.47 |
12.07 |
11.67 |
Total Costs & Expenses |
38.48 |
36.36 |
34.48 |
30.56 |
26.16 |
Income /-loss before income taxes |
5.60 |
7.35 |
7.26 |
9.58 |
11.27 |
Income taxes expenses/-benefit |
1.07 |
1.45 |
1.39 |
1.74 |
2.32 |
Income after income taxes |
4.53 |
5.91 |
5.86 |
7.84 |
8.95 |
Net income/-loss
of other equity |
- |
- |
- |
0.00 |
- |
Income /-loss after income taxes |
4.53 |
5.91 |
5.86 |
7.84 |
8.95 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
4.53 |
5.91 |
5.86 |
7.84 |
8.95 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
4.53 |
5.91 |
5.86 |
7.84 |
8.95 |