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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest income:        
Loans receivable $ 4,669 $ 5,492 $ 14,398 $ 17,023
Securities available for sale:        
Mortgage-backed and related 38 66 131 242
Other marketable 378 156 889 443
Cash equivalents 45 12 157 80
Other 1 3 3 51
Total interest income 5,131 5,729 15,578 17,839
Interest expense:        
Deposits 297 404 937 1,426
Federal Home Loan Bank advances 0 0 0 1,485
Total interest expense 297 404 937 2,911
Net interest income 4,834 5,325 14,641 14,928
Provision for loan losses (989) (4,330) (4,777) (4,850)
Net interest income after provision for loan losses 5,823 9,655 19,418 19,778
Non-interest income:        
Fees and service charges 903 929 2,627 2,601
Mortgage servicing fees 263 267 787 772
Gain on sales of loans 804 433 1,480 1,813
Other 224 194 710 498
Total non-interest income 2,194 1,823 5,604 5,684
Non-interest expense:        
Compensation and benefits 3,193 3,009 9,944 9,188
Gain on real estate owned (78) (282) (1,130) (607)
Occupancy 896 867 2,654 2,543
Deposit insurance 74 172 328 680
Data processing 240 340 735 1,047
Other 1,100 1,180 3,055 3,799
Total non-interest expense 5,425 5,286 15,586 16,650
Income before income tax expense 2,592 6,192 9,436 8,812
Income tax expense 1,054 158 3,736 238
Net income 1,538 6,034 5,700 8,574
Preferred stock dividends and discount (360) (523) (1,417) (1,546)
Net income for common shareholders 1,178 5,511 4,283 7,028
Other comprehensive income (loss), net of tax (70) 473 302 (1,045)
Comprehensive income attributable to common shareholders $ 1,108 $ 5,984 $ 4,585 $ 5,983
Basic earnings per common share (in Dollars per share) $ 0.29 $ 1.38 $ 1.06 $ 1.76
Diluted earnings per common share (in Dollars per share) $ 0.25 $ 1.27 $ 0.93 $ 1.65