Generations Bancorp NY, Inc. Income Statement

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Financial Statements

In millions of USD, except per-share amounts

	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020
Interest and dividend income:
Loans, including fees
Debt and equity securities:
Taxable
Tax-exempt
Interest-earning deposits
Other
Total interest income
Interest expense:
Deposits
Short-term borrowings
Long-term borrowings
Subordinated debt
Total interest expense
Net interest income
Provision for loan losses
Provision for unfunded commitments
Provision for Loan, Lease, and Other Losses, Total
Net interest income after provision for credit losses
Noninterest income:
Banking fees and service charges
Mortgage banking income, net
Insurance commissions
Investment services commissions
Earnings (loss) on bank-owned life insurance
Death benefit proceeds from surrender of bank-owned life insurance
Change in fair value on equity securities
Net gain on sale of securities
Net gain on sale of Generations Agency
Other charges, commissions & fees
Total noninterest income

Noninterest expense:
Compensation and benefits
Occupancy and equipment
Impairment of long-lived assets
Service charges
Regulatory assessments
Professional and other services
Advertising
Other expenses
Total noninterest expenses
Income before income tax benefit
(Loss) Income before income tax (benefit) expense
Income tax (benefit) expense
Net (loss) income
Net (loss) income available to common shareholders
Basic (losses) earnings per common share
Diluted (losses) earnings per common share

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