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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest Income:        
Loans $ 5,486 $ 6,958 $ 11,074 $ 13,660
Mortgage-backed securities 275 342 569 739
Investment securities 307 116 507 226
Money market investments 49 25 118 49
Total interest income 6,117 7,441 12,268 14,674
Interest expense:        
Deposits 906 937 1,882 1,943
Advances and other borrowed money 347 827 691 1,776
Total interest expense 1,253 1,764 2,573 3,719
Net interest income 4,864 5,677 9,695 10,955
Provision for loan losses 560 7,007 784 12,177
Net interest income after provision for loan losses 4,304 (1,330) 8,911 (1,222)
Non-interest income:        
Depository fees and charges 892 751 1,688 1,472
Loan fees and service charges 195 208 395 486
Gains (Losses) on Sales of Other Real Estate 0 (122) (288) (124)
Gain on sales of loans, net 569 135 604 134
New Market Tax Credit (“NMTC”) fees 625 0 625 0
Lower of cost or market adjustment on loans held for sale 0 (275) 0 (375)
Other 153 131 350 326
Total non-interest income 2,434 828 3,374 1,919
Non-interest expense:        
Employee compensation and benefits 2,704 3,137 5,424 6,182
Net occupancy expense 916 970 1,774 1,902
Equipment, net 609 537 1,091 1,079
Consulting fees 113 116 180 205
Federal deposit insurance premiums 331 355 674 809
Other 2,217 2,512 4,381 4,742
Total non-interest expense 6,890 7,627 13,524 14,919
Loss before income taxes (152) (8,129) (1,239) (14,222)
Income tax benefit 36 185 196 76
Net loss before attribution of noncontrolling interest (188) (8,314) (1,435) (14,298)
Non Controlling interest, net of taxes (52) 1,136 (936) 1,282
Income (Loss) Attributable to Noncontrolling Interest     (936)  
Noncontrolling Interest, Period Increase (Decrease)     0  
Net Loss (136) (9,450) (499) (15,580)
Change in unrealized gain/loss of securities available for sale 390 (146) 302 125
Change in pension obligations 0 (30) (302) (30)
Total other comprehensive (loss) income, net of tax 390 (176) 0 95
Total comprehensive loss, net of tax $ 254 $ (9,626) $ (499) $ (15,485)
Loss per common share: $ (0.04) $ (58.67) $ (0.14) $ (95.68)