XML 33 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations and Comprehensive Income (Loss) (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:        
Interest and fees on loans receivable $ 3,637 $ 4,595 $ 11,420 $ 14,955
Interest on mortgage backed and other securities 71 109 240 392
Other interest income 103 19 237 55
Total interest income 3,811 4,723 11,897 15,402
Interest expense:        
Interest on deposits 522 707 1,728 2,562
Interest on borrowings 651 789 2,075 2,437
Total interest expense 1,173 1,496 3,803 4,999
Net interest income before provision for loan losses 2,638 3,227 8,094 10,403
Provision for loan losses 414 129 414 1,190
Net interest income after provision for loan losses 2,224 3,098 7,680 9,213
Non-interest income:        
Service charges 132 149 403 440
Loan servicing fees, net 8 (6) 18 (168)
Net gains (losses) on sales of loans   (280) 97 (280)
Net gains (losses) on sales of REO (8) (107) (10) 288
Gain on sale of office properties and equipment       2,523
Gain on sale of securities       50
Gain on restructuring of debt 1,221   1,221  
Other 14 27 113 77
Total non-interest income 1,367 (217) 1,842 2,930
Non-interest expense:        
Compensation and benefits 1,479 1,534 4,428 4,661
Occupancy expense, net 269 358 932 942
Information services 213 212 636 664
Professional services 225 246 558 530
Provision for (recapture of) losses on loans held for sale (315) (267) 153 (81)
Provision for losses on REO 321 427 544 739
FDIC insurance 181 229 573 662
Office services and supplies 91 113 312 330
Other 543 640 1,640 1,609
Total non-interest expense 3,007 3,492 9,776 10,056
Income (loss) before income taxes 584 (611) (254) 2,087
Income tax expense   2 6 849
Net income (loss) 584 (613) (260) 1,238
Other comprehensive income (loss), net of tax:        
Unrealized gain (loss) on securities available for sale (76) 7 (222) (72)
Reclassification of net gains included in net income       (50)
Other comprehensive income (loss), net of tax (76) 7 (222) (122)
Comprehensive income (loss) 508 (606) (482) 1,116
Net income (loss) 584 (613) (260) 1,238
Dividends and discount accretion on preferred stock (127) (287) (779) (858)
Income (loss) available to common stockholders $ 457 $ (900) $ (1,039) $ 380
Earnings (loss) per common share-basic (in dollars per share) $ 0.05 $ (0.48) $ (0.23) $ 0.21
Earnings (loss) per common share-diluted (in dollars per share) $ 0.05 $ (0.48) $ (0.23) $ 0.21
Dividends declared per share-common stock (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00