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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 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest income:        
Interest and fees on loans receivable $ 3,681 $ 3,637 $ 10,996 $ 11,420
Interest on mortgage-backed and other securities 103 71 271 240
Other interest income 91 103 279 237
Total interest income 3,875 3,811 11,546 11,897
Interest expense:        
Interest on deposits 421 522 1,309 1,728
Interest on borrowings 538 651 1,608 2,075
Total interest expense 959 1,173 2,917 3,803
Net interest income before provision for(recapture of) loan losses 2,916 2,638 8,629 8,094
Provision for (recapture of) loan losses (950) 414 (2,532) 414
Net interest income after provision for (recapture of) loan losses 3,866 2,224 11,161 7,680
Non-interest income:        
Service charges 103 132 333 403
Loan servicing fees, net (9) 8 (34) 18
Net gains on sales of loans       97
Net gains (losses) on sales of REO 52 (8) 2 (10)
Gain on restructuring of debt   1,221   1,221
Other 19 14 261 113
Total non-interest income 165 1,367 562 1,842
Non-interest expense:        
Compensation and benefits 1,829 1,479 5,024 4,428
Occupancy expense, net 321 269 901 932
Information services 203 213 640 636
Professional services 135 225 798 558
Provision for (recapture of) losses on loans held for sale   (315)   153
Provision for losses on REO 54 321 394 544
FDIC insurance 177 181 527 573
Office services and supplies 96 91 292 312
Other 451 543 1,331 1,640
Total non-interest expense 3,266 3,007 9,907 9,776
Income (loss) before income taxes 765 584 1,816 (254)
Income tax expense     3 6
Net income (loss) 765 584 1,813 (260)
Other comprehensive income (loss), net of tax:        
Change in unrealized gains on securities available for sale (70) (76) 3 (222)
Other comprehensive income (loss), net of tax (70) (76) 3 (222)
Comprehensive income (loss) 695 508 1,816 (482)
Net income (loss) 765 584 1,813 (260)
Dividends and discount accretion on preferred stock   (127)   (779)
Income (loss) available to common shareholders $ 765 $ 457 $ 1,813 $ (1,039)
Earnings (loss) per common share - basic (in dollars per share) $ 0.04 $ 0.05 $ 0.09 $ (0.23)
Earnings (loss) per common share - diluted (in dollars per share) $ 0.04 $ 0.05 $ 0.09 $ (0.23)
Dividends declared per share-common stock (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00