Note 10 - Operating Segment Information

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

10.   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 six months ended June 30, 2013 and 2012:

	For the Three Months Ended June 30, 2013											For the Three Months Ended June 30, 2012
	MetroBank		Metro United			Other			Consolidated Company			MetroBank		Metro United		Other			Consolidated Company
	(Dollars in thousands)
Total interest income	$	11,108	$	4,163		$	4		$	15,275		$	12,147	$	4,027	$	7		$	16,181
Total interest expense		1,328		640			326			2,294			1,614		576		346			2,536
Net interest income		9,780		3,523			(322	)		12,981			10,533		3,451		(339	)		13,645
(Reduction in) provision for loan losses	─			(25	)	─				(25	)		200	─		─				200
Net interest income after provision for loan losses		9,780		3,548			(322	)		13,006			10,333		3,451		(339	)		13,445
Noninterest income		2,097		193			(346	)		1,944			2,005		92		(337	)		1,760
Noninterest expenses		7,608		2,645			455			10,708			8,349		2,782		181			11,312
Income (loss) before income tax provision		4,269		1,096			(1,123	)		4,242			3,989		761		(857	)		3,893
Provision (benefit) for income taxes		1,358		461			(373	)		1,446			1,312		251		(296	)		1,267
Net income (loss)	$	2,911	$	635		$	(750	)	$	2,796		$	2,677	$	510	$	(561	)	$	2,626

	For the Six Months Ended June 30, 2013												For the Six Months Ended June 30, 2012
	MetroBank			Metro United			Other			Consolidated Company			MetroBank		Metro United		Other			Consolidated Company
	(Dollars in thousands)
Total interest income	$	21,957		$	8,329		$	6		$	30,292		$	24,557	$	8,008	$	14		$	32,579
Total interest expense		2,637			1,214			638			4,489			3,351		1,245		694			5,290
Net interest income		19,320			7,115			(632	)		25,803			21,206	$	6,763	$	(680	)	$	27,289
(Reduction in) provision for loan losses		(450	)		(25	)	─				(475	)		600	─		─				600
Net interest income after provision for loan losses		19,770			7,140			(632	)		26,278			20,606		6,763		(680	)		26,689
Noninterest income		4,002			299			(707	)		3,594			4,062		176		(675	)		3,563
Noninterest expenses		15,026			5,056			928			21,010			16,862		5,173		210			22,245
Income (loss) before income tax provision		8,746			2,383			(2,267	)		8,862			7,806		1,766		(1,565	)		8,007
Provision (benefit) for income taxes		2,793			1,009			(763	)		3,039			2,472		674		(533	)		2,613
Net income (loss)	$	5,953		$	1,374		$	(1,504	)	$	5,823		$	5,334	$	1,092	$	(1,032	)	$	5,394

	As of June 30, 2013									As of June 30, 2012
	MetroBank		Metro United		Other			Consolidated Company		MetroBank		Metro United		Other			Consolidated Company
	(Dollars in thousands)
Net loans	$	807,081	$	349,375	$	—		$	1,156,456	$	760,874	$	306,048	$	—		$	1,066,922
Total assets		1,131,360		456,822		(2,396	)		1,585,786		1,161,189		393,163		(418	)		1,553,934
Deposits		943,710		381,041		(18,588	)		1,306,163		982,195		330,553		(53,278	)		1,259,470