XML 45 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest Income:        
Loans $ 6,174 $ 5,000 $ 11,816 $ 10,162
Mortgage-backed securities 197 192 388 398
Investment securities 341 329 682 653
Money market investments 18 69 53 135
Total interest income 6,730 5,590 12,939 11,348
Interest expense:        
Deposits 781 719 1,557 1,441
Advances and other borrowed money 312 273 594 543
Total interest expense 1,093 992 2,151 1,984
Net interest income 5,637 4,598 10,788 9,364
Provision for (recovery of) loan losses 643 (713) 761 (1,494)
Net interest income after provision for loan losses 4,994 5,311 10,027 10,858
Non-interest income:        
Depository fees and charges 809 924 1,477 1,820
Loan fees and service charges 170 118 342 213
Gain on sale of securities 1 0 1 4
Gain (loss) on sale of loans, net 0 (2) 0 (2)
Gain on real estate owned 0 0 18 4
Lower of cost or market adjustment on loans held-for-sale 0 1 0 1
Other 151 521 486 725
Total non-interest income 1,131 1,562 2,324 2,765
Non-interest expense:        
Employee compensation and benefits 2,729 2,999 5,510 5,787
Net occupancy expense 1,125 959 2,121 1,844
Equipment, net 164 252 326 427
Data processing 232 43 581 320
Consulting fees 145 309 313 398
Federal deposit insurance premiums 133 115 255 353
Other 1,683 2,076 3,140 4,170
Total non-interest expense 6,211 6,753 12,246 13,299
Income before income taxes (86) 120 105 324
Income tax expense 79 57 93 73
Consolidated net income (165) 63 12 251
Net income attributable to noncontrolling interest 0 (147) 0 (130)
Net income attributable to Carver Bancorp, Inc. $ (165) $ 210 $ 12 $ 381
Earnings per common share:        
Basic $ (0.04) $ 0.06 $ 0.00 $ 0.10
Diluted $ (0.04) $ 0.06 $ 0.00 $ 0.10