XML 55 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest income:        
Loans receivable $ 4,659 $ 5,503 $ 9,729 $ 11,531
Securities available for sale:        
Mortgage-backed and related 43 82 93 176
Other marketable 257 148 511 287
Cash equivalents 60 35 112 68
Other 1 19 2 48
Total interest income 5,020 5,787 10,447 12,110
Interest expense:        
Deposits 306 465 640 1,022
Federal Home Loan Bank advances 0 650 0 1,485
Total interest expense 306 1,115 640 2,507
Net interest income 4,714 4,672 9,807 9,603
Provision for loan losses (2,178) (520) (3,788) (520)
Net interest income after provision for loan losses 6,892 5,192 13,595 10,123
Non-interest income:        
Fees and service charges 901 883 1,724 1,672
Mortgage servicing fees 263 257 524 505
Gain on sales of loans 330 702 676 1,380
Other 228 145 486 304
Total non-interest income 1,722 1,987 3,410 3,861
Non-interest expense:        
Compensation and benefits 3,273 2,980 6,751 6,179
Gain on real estate owned (1,120) (306) (1,052) (325)
Occupancy 876 826 1,758 1,676
Deposit insurance 97 190 254 508
Data processing 249 352 495 707
Other 1,089 1,283 1,955 2,619
Total non-interest expense 4,464 5,325 10,161 11,364
Income before income tax expense 4,150 1,854 6,844 2,620
Income tax expense 1,620 55 2,682 80
Net income 2,530 1,799 4,162 2,540
Preferred stock dividends and discount (524) (547) (1,057) (1,023)
Net income available to common shareholders 2,006 1,252 3,105 1,517
Other comprehensive income (loss), net of tax 192 (1,373) 372 (1,518)
Comprehensive income (loss) attributable to common Shareholders $ 2,198 $ (121) $ 3,477 $ (1)
Basic earnings per common share (in Dollars per share) $ 0.50 $ 0.32 $ 0.77 $ 0.38
Diluted earnings per common share (in Dollars per share) $ 0.44 $ 0.30 $ 0.68 $ 0.36