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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, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest Income:        
Loans $ 5,263 $ 5,486 $ 10,178 $ 11,074
Mortgage-backed securities 285 275 548 569
Investment securities 348 307 696 507
Money market investments 46 49 89 118
Total interest income 5,942 6,117 11,511 12,268
Interest expense:        
Deposits 687 906 1,384 1,882
Advances and other borrowed money 290 347 603 691
Total interest expense 977 1,253 1,987 2,573
Net interest income 4,965 4,864 9,524 9,695
Provision for loan losses (505) 560 326 784
Net interest income after provision for loan losses 5,470 4,304 9,198 8,911
Non-interest income:        
Depository fees and charges 878 892 1,790 1,688
Loan fees and service charges 305 195 603 395
Gain on Sale of Securities 208 0 486 0
Gain on sales of loans, net 180 569 670 604
Loss on sales of real estate owned (84) 0 (131) (288)
New Market Tax Credit (NMTC) fees 0 625 0 625
Lower of cost or market adjustment on loans held for sale (163) 0 (232) 0
Other 253 153 520 350
Total non-interest income 1,577 2,434 3,706 3,374
Non-interest expense:        
Employee compensation and benefits 2,646 2,704 5,014 5,424
Net occupancy expense 876 916 1,747 1,774
Equipment, net 209 287 384 575
Data Processing 226 322 582 516
Consulting fees 92 113 212 180
Federal deposit insurance premiums 307 331 616 674
Other 2,243 2,217 3,325 4,381
Total non-interest expense 6,599 6,890 11,880 13,524
Income/(loss) before income taxes 448 (152) 1,024 (1,239)
Income tax expense 16 36 88 196
Consolidated net income/(loss) 432 (188) 936 (1,435)
Net Income (loss) attributable to noncontrolling interest 90 (52) 183 (936)
Net income/(loss) attributable to Carver Bancorp, Inc. $ 342 $ (136) $ 753 $ (499)
Loss per common share:        
Basic $ 0.09 $ (0.04) $ 0.20 $ (0.14)
Diluted $ 0.09 $ (0.04) $ 0.20 $ (0.14)