Primary Bank Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	37.51	35.37	32.36	25.72	24.26
Interest Income on Investments	3.36	4.03	4.21	2.12	0.25
Total Interest Income	40.86	39.4	36.58	27.84	24.51
Interest Paid on Deposits	12.73	13.02	9.39	2.5	2.89
Interest Paid on Borrowings	0.15	0.18	0.04	0	-
Total Interest Expense	12.88	13.2	9.43	2.5	2.89
Net Interest Income	27.98	26.2	27.15	25.33	21.63
Net Interest Income Growth (YoY)	6.81%	-3.51%	7.18%	17.14%	68.95%
Gain (Loss) on Sale of Investments	0.7	-	-	-	-
Other Non-Interest Income	0.63	0.61	0.6	0.62	0.54
Total Non-Interest Income	1.33	0.61	0.6	0.62	0.54
Non-Interest Income Growth (YoY)	118.26%	1.33%	-2.91%	14.14%	47.66%
Revenues Before Loan Losses	29.31	26.81	27.75	25.95	22.17
Provision for Loan Losses	1.28	0.63	0.74	1.4	1.87
Revenue	28.02	26.17	27.01	24.55	20.29
Revenue Growth (YoY)	7.08%	-3.12%	10.05%	20.96%	73.66%
Salaries and Employee Benefits	7.18	7.62	8.13	5.63	3.88
Occupancy Expenses	0.33	0.35	0.39	0.41	0.3
Federal Deposit Insurance	0.3	0.29	0.29	0.25	0.39
Selling, General & Administrative	4.52	3.32	4.48	3.63	4.22
Total Non-Interest Expense	12.33	11.58	13.28	9.91	8.79
EBT Excluding Unusual Items	15.7	14.59	13.73	14.63	11.5
Pretax Income	15.7	14.59	13.73	14.63	11.5
Income Tax Expense	4.06	3.99	3.73	3.97	3.12
Net Income	11.64	10.61	10	10.66	8.39
Net Income to Common	11.64	10.61	10	10.66	8.39
Net Income Growth	9.71%	6.04%	-6.18%	27.07%	138.41%
Basic Shares Outstanding	5	5	5	5	4
Diluted Shares Outstanding	5	5	5	5	5
Shares Change (YoY)	0.14%	1.27%	-0.28%	4.37%	8.35%
EPS (Basic)	2.44	2.25	2.15	2.34	1.90
EPS (Diluted)	2.40	2.19	2.09	2.23	1.83
EPS Growth	9.59%	4.78%	-6.28%	21.86%	120.48%
Effective Tax Rate	25.87%	27.32%	27.18%	27.16%	27.08%