XML 49 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Interest Income:        
Loans $ 5,325 $ 6,416 $ 16,398 $ 20,076
Mortgage-backed securities 215 279 783 1,018
Investment securities 349 114 857 340
Money market investments 38 102 156 151
Total interest income 5,927 6,911 18,194 21,585
Interest expense:        
Deposits 868 1,069 2,750 3,012
Advances and other borrowed money 342 785 1,033 2,560
Total interest expense 1,210 1,854 3,783 5,572
Net interest income 4,717 5,057 14,411 16,013
Provision for loan losses (398) 113 386 12,290
Net interest income after provision for loan losses 5,115 4,944 14,025 3,723
Non-interest income:        
Depository fees and charges 964 740 2,652 2,212
Loan fees and service charges 170 203 565 689
Gains (Losses) on Sales of Other Real Estate 0 (91) (288) (216)
Gain (Loss) on Sale of Securities, Net 60 0 60  
Gain on sales of loans, net 1,109 19 1,714 154
New Market Tax Credit (“NMTC”) fees 0 0 625 0
Lower of cost or market adjustment on loans held for sale 0 (530) 0 (905)
Other 238 212 587 539
Total non-interest income 2,541 553 5,915 2,473
Non-interest expense:        
Employee compensation and benefits 2,819 3,006 8,243 9,188
Net occupancy expense 910 903 2,684 2,805
Equipment, net 314 329 889 1,029
Information Technology and Data Processing 326 216 842 596
Consulting fees 63 165 243 370
Federal deposit insurance premiums 320 369 994 1,177
Other 2,552 2,788 6,933 7,531
Total non-interest expense 7,304 7,776 20,828 22,696
Loss before income taxes 352 (2,279) (888) (16,500)
Income tax benefit 68 (1,004) 264 (927)
Net loss before attribution of noncontrolling interest 284 (1,275) (1,152) (15,573)
Non Controlling interest, net of taxes (190) (595) (1,126) 687
Income (Loss) Attributable to Noncontrolling Interest     (1,126)  
Noncontrolling Interest, Period Increase (Decrease)     0  
Net Loss 474 (680) (26) (16,260)
Change in unrealized gain/loss of securities available for sale 135 203 437 298
Change in pension obligations 0 0 (302) 0
Total other comprehensive (loss) income, net of tax 135 203 135 298
Total comprehensive loss, net of tax $ 609 $ (477) $ 109 $ (15,962)
Loss per common share: $ 0.13 $ (0.26) $ (0.01) $ (16.81)
Earnings Per Share, Diluted $ 0.13