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Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest income:        
Loans receivable $ 5,492 $ 7,208 $ 17,023 $ 22,527
Securities available for sale:        
Mortgage-backed and related 66 133 242 490
Other marketable 156 160 443 601
Cash equivalents 12 25 80 71
Other 3 25 51 89
Total interest income 5,729 7,551 17,839 23,778
Interest expense:        
Deposits 404 804 1,426 3,082
Federal Home Loan Bank advances 0 855 1,485 2,544
Total interest expense 404 1,659 2,911 5,626
Net interest income 5,325 5,892 14,928 18,152
Provision for loan losses (4,330) 1,584 (4,850) 2,544
Net interest income after provision for loan losses 9,655 4,308 19,778 15,608
Non-interest income:        
Fees and service charges 929 821 2,601 2,484
Mortgage servicing fees 267 245 772 713
Gain on sales of loans 433 940 1,813 2,469
Gain on sale of branch office 0 0 0 552
Other 194 110 498 398
Total non-interest income 1,823 2,116 5,684 6,616
Non-interest expense:        
Compensation and benefits 3,009 2,955 9,188 9,587
(Gain) loss on real estate owned (282) (172) (607) (75)
Occupancy 867 805 2,543 2,526
Deposit insurance 172 353 680 928
Data processing 313 333 968 1,006
Other 1,207 1,513 3,878 4,416
Total non-interest expense 5,286 5,787 16,650 18,388
Income before income tax expense 6,192 637 8,812 3,836
Income tax expense 158 0 238 0
Net income 6,034 637 8,574 3,836
Preferred stock dividends and discount (523) (467) (1,546) (1,392)
Net income for common shareholders 5,511 170 7,028 2,444
Other comprehensive income (loss), net of tax 473 (77) (1,045) (349)
Comprehensive income attributable to common shareholders $ 5,984 $ 93 $ 5,983 $ 2,095
Basic earnings per common share (in Dollars per share) $ 1.38 $ 0.04 $ 1.76 $ 0.62
Diluted earnings per common share (in Dollars per share) $ 1.27 $ 0.04 $ 1.65 $ 0.61