XML 47 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Interest Income:        
Loans $ 5,412 $ 5,325 $ 15,590 $ 16,398
Mortgage-backed securities 247 215 796 783
Investment securities 313 349 1,009 857
Money market investments 32 38 121 156
Total interest income 6,004 5,927 17,516 18,194
Interest expense:        
Deposits 694 868 2,078 2,750
Advances and other borrowed money 285 342 888 1,033
Total interest expense 979 1,210 2,966 3,783
Net interest income 5,025 4,717 14,550 14,411
Provision for (recovery of) loan losses (1,052) (398) (726) 386
Net interest income after provision for loan losses 6,077 5,115 15,276 14,025
Non-interest income:        
Depository fees and charges 852 964 2,642 2,652
Loan fees and service charges 133 170 736 565
Gain on Sale of Securities 21 60 507 60
Gain on sales of loans, net 98 1,109 768 1,714
Loss on sales of real estate owned (149) 0 (280) (288)
New Market Tax Credit (NMTC) fees 0 0 0 625
Lower of cost or market adjustment on loans held for sale 0 0 (232) 0
Other 255 238 775 587
Total non-interest income 1,210 2,541 4,916 5,915
Non-interest expense:        
Employee compensation and benefits 3,317 2,819 8,331 8,243
Net occupancy expense 887 910 2,634 2,684
Equipment, net 298 314 682 889
Data Processing 244 326 826 842
Consulting fees 119 63 331 243
Federal deposit insurance premiums 313 320 929 994
Other 2,357 2,552 5,682 6,933
Total non-interest expense 7,535 7,304 19,415 20,828
(Loss) / income before income taxes (248) 352 777 (888)
Income tax expense 6 68 94 264
Consolidated net (loss)/income (254) 284 683 (1,152)
Net (loss) / income attributable to noncontrolling interest (147) (190) 36 (1,126)
Net (loss)/income attributable to Carver Bancorp, Inc. $ (107) $ 474 $ 647 $ (26)
Loss per common share:        
Basic $ (0.03) $ 0.13 $ 0.18 $ (0.01)
Diluted $ (0.03) $ 0.13 $ 0.18 $ (0.01)