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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 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Consolidated Statements of Operations and Comprehensive Earnings (Loss) [Abstract]        
Interest and fees on loans receivable $ 4,595 $ 6,062 $ 14,955 $ 18,730
Interest on mortgage backed and other securities 109 176 392 539
Other interest income 19 9 55 28
Total interest income 4,723 6,247 15,402 19,297
Interest on deposits 707 1,056 2,562 3,492
Interest on borrowings 789 859 2,437 2,699
Total interest expense 1,496 1,915 4,999 6,191
Net interest income before provision for loan losses 3,227 4,332 10,403 13,106
Provision for loan losses 129 3,814 1,190 8,488
Net interest income after provision for loan losses 3,098 518 9,213 4,618
Non-interest income:        
Service charges 146 176 442 533
Net losses on mortgage banking activities (6) (21) (168) 15
Net losses on sale of loans (280) (59) (280) (88)
Net gains (losses) on sales of REO (107) (7) 288 (56)
Gain on sale of office properties and equipment 0 0 2,523 0
Gain on sale of securities 0 0 50 0
Other 30 25 75 90
Total non-interest income (217) 114 2,930 494
Non-interest expense:        
Compensation and benefits 1,534 1,618 4,661 4,982
Occupancy expense, net 358 330 942 1,018
Information services 212 200 664 647
Professional services 246 284 530 744
Provision for losses on loans held-for-sale (267) 702 (81) 728
Provision for losses on REO 427 1,251 739 2,033
FDIC insurance 229 144 662 781
Office services and supplies 113 135 330 417
Other 640 447 1,609 1,380
Total non-interest expense 3,492 5,111 10,056 12,730
Earnings (loss) before income taxes (611) (4,479) 2,087 (7,618)
Income tax expense 2 3,055 849 1,767
Net earnings (loss) (613) (7,534) 1,238 (9,385)
Other comprehensive income (loss), net of tax:        
Unrealized gain (loss) on securities available for sale 7 (11) (72) 60
Reclassification of net gains included in net earnings 0 0 (50) 0
Income tax effect 0 (2) 0 (30)
Other comprehensive income (loss), net of tax 7 (13) (122) 30
Comprehensive earnings (loss) (606) (7,547) 1,116 (9,355)
Net earnings (loss) (613) (7,534) 1,238 (9,385)
Dividends and discount accretion on preferred stock (287) (264) (858) (830)
Earnings (loss) available to common shareholders $ (900) $ (7,798) $ 380 $ (10,215)
Earnings (loss) per common share-basic $ (0.48) $ (4.47) $ 0.21 $ (5.86)
Earnings (loss) per common share-diluted $ (0.48) $ (4.47) $ 0.21 $ (5.86)
Dividends declared per share-common stock $ 0.00 $ 0.00 $ 0.00 $ 0.00