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Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest income:        
Interest and fees on loans receivable $ 3,896 $ 5,030 $ 7,783 $ 10,360
Interest on mortgage backed and other securities 80 135 169 283
Other interest income 86 20 134 36
Total interest income 4,062 5,185 8,086 10,679
Interest expense:        
Interest on deposits 582 880 1,206 1,855
Interest on borrowings 712 815 1,424 1,648
Total interest expense 1,294 1,695 2,630 3,503
Net interest income before provision for loan losses 2,768 3,490 5,456 7,176
Provision for loan losses   102   1,061
Net interest income after provision for loan losses 2,768 3,388 5,456 6,115
Non-interest income:        
Service charges 129 147 271 292
Loan servicing fees, net 4 4 10 (162)
Net gains on sales of loans 81   97  
Net gains (losses) on sales of REO (10) (17) (2) 395
Gain on sale of office properties and equipment   2,523   2,523
Gain on sale of securities   50   50
Other 50 17 99 49
Total non-interest income 254 2,724 475 3,147
Non-interest expense:        
Compensation and benefits 1,495 1,538 2,949 3,127
Occupancy expense, net 323 297 663 584
Information services 206 239 423 452
Professional services 151 176 333 284
Provision for (recapture of) losses on loans held for sale (2) 188 468 186
Provision for losses on REO 223 331 223 312
FDIC insurance 190 216 392 433
Office services and supplies 116 108 221 217
Other 547 550 1,097 969
Total non-interest expense 3,249 3,643 6,769 6,564
Income (loss) before income taxes (227) 2,469 (838) 2,698
Income tax expense 1 772 6 847
Net income (loss) (228) 1,697 (844) 1,851
Other comprehensive income (loss), net of tax:        
Unrealized loss on securities available for sale (128) (86) (146) (79)
Reclassification of net gains included in net earnings   (50)   (50)
Other comprehensive income (loss), net of tax (128) (136) (146) (129)
Comprehensive income (loss) (356) 1,561 (990) 1,722
Net income (loss) (228) 1,697 (844) 1,851
Dividends and discount accretion on preferred stock (337) (285) (652) (571)
Income (loss) available to common shareholders $ (565) $ 1,412 $ (1,496) $ 1,280
Earnings (loss) per common share-basic (in dollars per share) $ (0.29) $ 0.81 $ (0.78) $ 0.73
Earnings (loss) per common share-diluted (in dollars per share) $ (0.29) $ 0.81 $ (0.78) $ 0.73
Dividends declared per share-common stock (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00