The following tables set forth certain unaudited financial data for our quarterly operations in fiscal 2015 and 2014. The following information has been prepared on the same basis as the annual information presented elsewhere in this report and, in the opinion of management, includes all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the information for the quarterly periods presented. The operating results for any quarter are not necessarily indicative of results for any future period.



$ in thousands, except per share data	June 30, 2014			September 30, 2014			December 31, 2014			March 31, 2015
Fiscal 2015
Interest income	$	5,758		$	5,590		$	5,265		$	5,714
Interest expense	(991		)	(992		)	(1,013		)	(946		)
Net interest income	4,767			4,598			4,252			4,768
Recovery of loan losses	780			713			1,151			365
Non-interest income	1,202			1,562			1,408			1,394
Non-interest expense	(6,547		)	(6,753		)	(6,789		)	(6,622		)
Income tax expense	(16		)	(57		)	(62		)	(31		)
Net loss (income) attributable to noncontrolling interest	(17		)	147			151			—
Net income attributable to Carver Bancorp, Inc.	$	169		$	210		$	111		$	(126	)
Earnings per common share*
Basic	$	0.05		$	0.06		$	0.03		$	(0.03	)
Diluted	$	0.05		$	0.06		$	0.03		$	(0.03	)

* Difference in total earnings per share to Consolidated Statement of Operations is due to rounding

Carver Federal had a non-contributory defined benefit pension plan covering all who were participants prior to curtailment of the plan during the fiscal year ended March 31, 2001. The benefits were based on each employee's term of service through the date of curtailment. Carver Federal's policy was to fund the plan with contributions which equal the maximum amount deductible for federal income tax purposes. The plan was terminated in December 2013 and the Company initially recorded a pension cost of $432 thousand in the third quarter of fiscal 2014. Subsequently, the Company determined that there was an error in the pension cost initially recorded. As a result, the Company recorded an additional charge of $716 thousand and adjusted its third quarter results. The Company also reclassified $716 thousand from accumulated deficit to accumulated other comprehensive loss in its fiscal year 2014 statement of changes in equity to correct the Company's accounting for benefit plans upon adoption and implementation of ASC 715-30. The table below provides the individual line items as originally reported in the third quarter and their revised amounts:



$ in thousands, except per share data	June 30, 2013			September 30, 2013			December 31, 2013			December 31, 2013			March 31, 2014
							(reported)			(adjusted)
Fiscal 2014
Interest income	$	5,569		$	5,942		$	6,004		6,004			$	5,733
Interest expense	(1,009		)	(977		)	(979		)	(979		)	(986		)
Net interest income	4,560			4,965			5,025			5,025			4,747
(Provision for) recovery of loan losses	(831		)	505			1,052			1,052			(300		)
Non-interest income	2,130			1,577			1,210			1,210			1,889
Non-interest expense	(5,280		)	(6,599		)	(7,535		)	(8,251		)	(7,243		)
Income tax expense	(72		)	(16		)	(6		)	(6		)	(8		)
Noncontrolling interest, net of taxes	(93		)	(90		)	147			147			146
Net income (loss) attributable to Carver Bancorp, Inc.	$	414		$	342		$	(107	)	$	(823	)	$	(769	)
Earnings (loss) per common share
Basic	$	0.11		$	0.09		$	(0.03	)	(0.22		)	$	(0.21	)
Diluted	$	0.11		$	0.09		$	(0.03	)	(0.22		)	$	(0.21	)