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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
2 Months Ended 3 Months Ended 1 Months Ended
Mar. 31, 2012
Successor [Member]
Mar. 31, 2013
Successor [Member]
Jan. 31, 2012
Predecessor [Member]
INTEREST INCOME      
Loans $ 7,302 $ 10,697 $ 3,807
Investment securities 756 815 395
Federal funds sold and interest-earning deposits 16 16 4
TOTAL INTEREST INCOME 8,074 11,528 4,206
INTEREST EXPENSE      
Deposits 995 1,302 530
Short-term borrowings 2 12 0
Long-term debt 201 270 103
TOTAL INTEREST EXPENSE 1,198 1,584 633
NET INTEREST INCOME 6,876 9,944 3,573
PROVISION FOR LOAN LOSSES 869 1,940 195
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 6,007 8,004 3,378
NON-INTEREST INCOME      
Mortgage banking income 496 391 225
Government-guaranteed lending (6) 1,119 98
Service charges and fees on deposit accounts 349 515 194
Earnings on bank-owned life insurance 134 195 70
Gain on sale of available for sale securities 192 1,092 0
Other 307 150 70
TOTAL NON-INTEREST INCOME 1,472 3,462 657
NON-INTEREST EXPENSE      
Salaries and employee benefits 3,500 5,991 1,737
Occupancy and equipment 809 1,547 396
Data processing 445 644 212
FDIC deposit insurance premium 277 227 141
Professional services 541 497 144
Foreclosed asset expenses 95 183 11
Other loan related expense 417 461 162
Merger and conversion costs 497 1,601 78
Other 837 1,516 355
TOTAL NON-INTEREST EXPENSE 7,418 12,667 3,236
INCOME (LOSS) BEFORE INCOME TAXES 61 (1,201) 799
Income tax expense (benefit) 4 (395) 270
NET INCOME (LOSS) 57 (806) 529
Effective dividend on preferred stock 244 369 122
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (187) $ (1,175) $ 407
NET LOSS PER COMMON SHARE      
Basic (in dollars per share) $ (0.01) $ (0.03) $ 0.01
Diluted (in dollars per share) $ (0.01) $ (0.03) $ 0.01
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (Note D)      
Basic (in shares) 35,718,091 35,758,033 35,511,770
Diluted (in shares) 35,718,091 35,758,033 35,534,050