XML 49 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Net Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Interest and dividend income:    
Loans receivable, including fees $ 4,200us-gaap_InterestAndFeeIncomeLoansAndLeases $ 4,030us-gaap_InterestAndFeeIncomeLoansAndLeases
Securities:    
Taxable 524us-gaap_InterestIncomeSecuritiesTaxable 404us-gaap_InterestIncomeSecuritiesTaxable
Exempt from federal income tax 221us-gaap_InterestIncomeSecuritiesTaxExempt 265us-gaap_InterestIncomeSecuritiesTaxExempt
Federal bank stocks 74emcf_DividendIncomeFederalBankStocks 35emcf_DividendIncomeFederalBankStocks
Interest earning deposits with banks 15us-gaap_InterestIncomeAndFeesBankersAcceptancesCertificatesOfDepositAndCommercialPaper 11us-gaap_InterestIncomeAndFeesBankersAcceptancesCertificatesOfDepositAndCommercialPaper
Total interest and dividend income 5,034us-gaap_InterestAndDividendIncomeOperating 4,745us-gaap_InterestAndDividendIncomeOperating
Interest expense:    
Deposits 546us-gaap_InterestExpenseDeposits 561us-gaap_InterestExpenseDeposits
Borrowed funds 182us-gaap_InterestExpenseBorrowings 180us-gaap_InterestExpenseBorrowings
Total interest expense 728us-gaap_InterestExpense 741us-gaap_InterestExpense
Net interest income 4,306us-gaap_InterestIncomeExpenseNet 4,004us-gaap_InterestIncomeExpenseNet
Provision for loan losses 169us-gaap_ProvisionForLoanLossesExpensed 163us-gaap_ProvisionForLoanLossesExpensed
Net interest income after provision for loan losses 4,137us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 3,841us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
Noninterest income:    
Fees and service charges 349emcf_FeesAndServiceCharges 378emcf_FeesAndServiceCharges
Commissions on financial services 5us-gaap_FeesAndCommissionsOther 9us-gaap_FeesAndCommissionsOther
Title premiums 11us-gaap_PremiumsEarnedNet 8us-gaap_PremiumsEarnedNet
Net gain on sales of available for sale securities 0us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet 658us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet
Earnings on bank-owned life insurance 97us-gaap_BankOwnedLifeInsuranceIncome 99us-gaap_BankOwnedLifeInsuranceIncome
Other 317emcf_NonInterestIncomeExcludingBankOwnedLifeInsurance 287emcf_NonInterestIncomeExcludingBankOwnedLifeInsurance
Total noninterest income 779us-gaap_NoninterestIncome 1,439us-gaap_NoninterestIncome
Noninterest expense:    
Compensation and employee benefits 2,069us-gaap_LaborAndRelatedExpense 1,943us-gaap_LaborAndRelatedExpense
Premises and equipment 668emcf_NoninterestExpensePremisesAndEquipment 600emcf_NoninterestExpensePremisesAndEquipment
Intangible asset amortization 49us-gaap_AmortizationOfIntangibleAssets 57us-gaap_AmortizationOfIntangibleAssets
Professional fees 201us-gaap_ProfessionalFees 163us-gaap_ProfessionalFees
Federal deposit insurance 97us-gaap_FederalDepositInsuranceCorporationPremiumExpense 88us-gaap_FederalDepositInsuranceCorporationPremiumExpense
Other 880us-gaap_OtherNoninterestExpense 1,371us-gaap_OtherNoninterestExpense
Total noninterest expense 3,964us-gaap_NoninterestExpense 4,222us-gaap_NoninterestExpense
Income before provision for income taxes 952us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 1,058us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision for income taxes 171us-gaap_IncomeTaxExpenseBenefit 217us-gaap_IncomeTaxExpenseBenefit
Net income 781us-gaap_NetIncomeLoss 841us-gaap_NetIncomeLoss
Preferred stock dividends 25us-gaap_PreferredStockDividendsAndOtherAdjustments 25us-gaap_PreferredStockDividendsAndOtherAdjustments
Net income available to common stockholders $ 756us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 816us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Basic earnings per common share (in dollars per share) $ 0.42us-gaap_EarningsPerShareBasic $ 0.46us-gaap_EarningsPerShareBasic
Diluted earnings per common share (in dollars per share) $ 0.42us-gaap_EarningsPerShareDiluted $ 0.46us-gaap_EarningsPerShareDiluted
Average common shares outstanding (in shares) 1,781,416us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 1,769,389us-gaap_WeightedAverageNumberOfSharesOutstandingBasic