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Consolidated Statements of Operations and Comprehensive Earnings (Loss) (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Consolidated Statements of Operations and Comprehensive Earnings (Loss) [Abstract]        
Interest and fees on loans receivable $ 5,030 $ 6,284 $ 10,360 $ 12,668
Interest on mortgage backed and other securities 135 182 283 363
Other interest income 20 10 36 19
Total interest income 5,185 6,476 10,679 13,050
Interest on deposits 880 1,197 1,855 2,436
Interest on borrowings 815 851 1,648 1,840
Total interest expense 1,695 2,048 3,503 4,276
Net interest income before provision for loan losses 3,490 4,428 7,176 8,774
Provision for loan losses 102 3,434 1,061 4,674
Net interest income after provision for loan losses 3,388 994 6,115 4,100
Non-interest income:        
Service charges 143 175 296 357
Net gains (losses) on mortgage banking activities 4 32 (162) 7
Net gains (losses) on sales of REO (17) (34) 395 (49)
Gain on sale of office properties and equipment 2,523   2,523  
Gain on sale of securities 50   50  
Other 21 26 45 65
Total non-interest income 2,724 199 3,147 380
Non-interest expense:        
Compensation and benefits 1,538 1,555 3,127 3,364
Occupancy expense, net 297 334 584 688
Information services 239 220 452 447
Professional services 176 292 284 460
Provision for losses on loans held-for-sale 188 6 186 26
Provision for losses on REO 331 702 312 782
FDIC insurance 216 354 433 637
Office services and supplies 108 140 217 282
Other 550 514 969 933
Total non-interest expense 3,643 4,117 6,564 7,619
Earnings (loss) before income taxes 2,469 (2,924) 2,698 (3,139)
Income tax expense (benefit) 772 (1,202) 847 (1,288)
Net earnings (loss) 1,697 (1,722) 1,851 (1,851)
Other comprehensive income (loss), net of tax:        
Unrealized gain (loss) on securities available for sale (86) 86 (79) 71
Reclassification of net gains included in net earnings (50)   (50)  
Income tax effect   (34)   (28)
Other comprehensive income (loss), net of tax (136) 52 (129) 43
Comprehensive earnings (loss) 1,561 (1,670) 1,722 (1,808)
Net earnings (loss) 1,697 (1,722) 1,851 (1,851)
Less: Preferred stock dividends and accretion (285) (283) (571) (566)
Earnings (loss) available to common shareholders $ 1,412 $ (2,005) $ 1,280 $ (2,417)
Earnings (loss) per common share-basic $ 0.81 $ (1.15) $ 0.73 $ (1.39)
Earnings (loss) per common share-diluted $ 0.81 $ (1.15) $ 0.73 $ (1.39)
Dividends declared per share-common stock $ 0.00 $ 0.00 $ 0.00 $ 0.00