Note 11 - Operating Segment Information

9 Months Ended

Sep. 30, 2012

Segment Reporting Disclosure [Text Block]

11.   OPERATING SEGMENT INFORMATION

The Company operates two community banks in distinct geographical areas, and manages its operations and prepares management reports and other information with a primary focus on these geographical areas.  Performance assessment and resource allocation are based upon this geographical structure.  The operating segment identified as “Other” includes the parent company and eliminations of transactions between segments. The accounting policies of the individual operating segments are the same as those of the Company as described in Note 1. Transactions between operating segments are primarily conducted at fair value, resulting in profits that are eliminated for reporting consolidated results of operations.  Operating segments pay for centrally provided services based upon estimated or actual usage of those services.

The following is a summary of selected operating segment information as of and for the three and nine months ended September 30, 2012 and 2011:

	For the Three Months Ended September 30, 2012											For the Three Months Ended September 30, 2011
	MetroBank			Metro United		Other			Consolidated Company			MetroBank		Metro United		Other			Consolidated Company
	(In thousands)
Total interest income	$	11,926		$	4,096	$	7		$	16,029		$	12,680	$	4,081	$	7		$	16,768
Total interest expense		1,483			548		350			2,381			2,147		757		339			3,243
Net interest income	$	10,443		$	3,548	$	(343	)	$	13,648			10,533	$	3,324	$	(332	)	$	13,525
Provision for loan losses		(300	)		—		—			(300	)		550		325		—			875
Net interest income after provision for loan losses		10,743			3,458		(343	)		13,948			9,983		2,999		(332	)		12,650
Noninterest income		2,126			84		(338	)		1,872			2,092		55		(331	)		1,816
Noninterest expenses		8,281			2,870		378			11,529			8,539		2,850		46			11,435
Income (loss) before income tax provision		4,588			762		(1,059	)		4,291			3,536		204		(709	)		3,031
Provision (benefit) for income taxes		1,449			321		(360	)		1,410			915		83		(236	)		762
Net income (loss)	$	3,139		$	441	$	(699	)	$	2,881		$	2,621	$	121	$	(473	)	$	2,269

	For the Nine Months Ended September 30, 2012									For the Nine Months Ended September 30, 2011
	MetroBank		Metro United		Other			Consolidated Company		MetroBank		Metro United		Other			Consolidated Company
	(In thousands)
Total interest income	$	36,483	$	12,104	$	21		$	48,608	$	38,370	$	12,567	$	19		$	50,956
Total interest expense		4,834		1,793		1,044			7,671		7,075		2,395		1,013			10,483
Net interest income	$	31,649	$	10,311	$	(1,023	)	$	40,937	$	31,295	$	10,172	$	(994	)	$	40,473
Provision for loan losses		300		—		—			300		2,050		400		—			2,450
Net interest income after provision for loan losses		31,349		10,311		(1,023	)		40,637		29,245		9,772		(994	)		38,023
Noninterest income		6,188		260		(1,013	)		5,435		5,841		198		(993	)		5,046
Noninterest expenses		25,143		8,043		588			33,774		25,037		8,095		89			33,221
Income before income tax provision		12,394		2,528		(2,624	)		12,298		10,049		1,875		(2,076	)		9,848
Provision (benefit) for income taxes		3,921		995		(893	)		4,023		3,008		776		(694	)		3,090
Net income (loss)	$	8,473	$	1,533	$	(1,731	)	$	8,275	$	7,041	$	1,099	$	(1,382	)	$	6,758

	As of September 30, 2012									As of September 30, 2011
	MetroBank		Metro United		Other			Consolidated Company		MetroBank		Metro United		Other			Consolidated Company
	(In thousands)
Net loans	$	759,904	$	311,409	$	—		$	1,071,313	$	737,313	$	291,883	$	—		$	1,029,196
Total assets		1,128,652		396,019		1,417			1,526,088		1,110,963		388,897		(2,080	)		1,497,780
Deposits		946,206		325,646		(6,795	)		1,265,057		939,206		315,577		(13,291	)		1,241,492