XML 46 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest Income:        
Loans $ 5,000 $ 5,263 $ 10,162 $ 10,178
Mortgage-backed securities 192 285 398 548
Investment securities 329 348 653 696
Money market investments 69 46 135 89
Total interest income 5,590 5,942 11,348 11,511
Interest expense:        
Deposits 719 687 1,441 1,384
Advances and other borrowed money 273 290 543 603
Total interest expense 992 977 1,984 1,987
Net interest income 4,598 4,965 9,364 9,524
Provision for (recovery of) loan losses (713) (505) (1,494) 326
Net interest income after provision for loan losses 5,311 5,470 10,858 9,198
Non-interest income:        
Depository fees and charges 924 878 1,820 1,790
Loan fees and service charges 118 305 213 603
Gain on sale of securities 0 208 4 486
Gain (loss) on sale of loans, net (2) 180 (2) 670
Gain (loss) on real estate owned 0 (84) 4 (131)
Lower of cost or market adjustment on loans held-for-sale 1 (163) 1 (232)
Other 521 253 725 520
Total non-interest income 1,562 1,577 2,765 3,706
Non-interest expense:        
Employee compensation and benefits 2,999 2,646 5,787 5,014
Net occupancy expense 959 876 1,844 1,747
Equipment, net 252 209 427 384
Data processing 43 226 320 582
Consulting fees 309 92 398 212
Federal deposit insurance premiums 115 307 353 616
Other 2,076 2,243 4,170 3,325
Total non-interest expense 6,753 6,599 13,299 11,880
Income before income taxes 120 448 324 1,024
Income tax expense 57 16 73 88
Consolidated net income 63 432 251 936
Net income (loss) attributable to noncontrolling interest (147) 90 (130) 183
Net income attributable to Carver Bancorp, Inc. $ 210 $ 342 $ 381 $ 753
Earnings per common share:        
Basic $ 0.06 $ 0.09 $ 0.10 $ 0.20
Diluted $ 0.06 $ 0.09 $ 0.10 $ 0.20