XML 34 R72.htm IDEA: XBRL DOCUMENT v2.4.0.8
Shareholders' Equity Transactions (Details Narrative) (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 27 Months Ended 28 Months Ended 27 Months Ended 28 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2016
Dec. 31, 2012
Mar. 31, 2016
Minimum
Dec. 31, 2013
Minimum
Mar. 31, 2016
Maximum
Dec. 31, 2013
Maximum
Sep. 30, 2013
Series B Preferred Stock
Sep. 30, 2012
Series B Preferred Stock
Dec. 31, 2012
Series C Preferred Stock
Sep. 30, 2013
Series C Preferred Stock
Sep. 30, 2013
Small Business Lending Fund
Dec. 31, 2011
Small Business Lending Fund
Preferred stock issued                 $ 7,287     $ 63,500
Preferred stock issued, shares                 728,706     63,500
Common stock issued under stock option plans, shares                 2,656,294      
Liquidation value of shares                       $ 1,000
Threshold for qualified community banks                       10,000,000
Description of dividend rate percentages                    

 For the first nine quarters after issuance, the dividend rate could range from one percent (1%) to five percent (5%) per annum based upon the increase in QSBL as compared to the baseline. For the tenth calendar quarter through four and one half years after issuance, the dividend rate will be fixed at between one percent (1%) and seven percent (7%) based upon the level of QSBL compared to the baseline. After four and one half years from the issuance, the dividend rate will increase to nine percent (9%). The Company has been able to continually increase its level of small business lending and as a result, the dividend rate has steadily decreased from 5.0% in the first half of 2012 to 1.0% throughout most of 2013. The Company expects its dividend rate to remain at an annualized rate of 1.0% until 2016, unless redeemed at an earlier date. Subject to regulatory approval, the Company is generally permitted to redeem the Series B preferred shares at par plus unpaid dividends.

  
Stock sold price per share                   $ 10.00    
Net proceeds from the sale of preferred and common stock   33,800                    
Accrued preferred dividend payments             $ 503 $ 2,277   $ 175    
Dividend rate 9.00%   1.00% 1.00% 7.00% 5.00%