Note 11 - Operating Segment Information

3 Months Ended

Sep. 30, 2011

Segment Reporting Disclosure [Text Block]

11.  OPERATING SEGMENT INFORMATION

The Company operates two community banks in distinct geographical areas, and manages its operations and prepares management reports and other information with a primary focus on these geographical areas.  Performance assessment and resource allocation are based upon this geographical structure.  The operating segment identified as “Other” includes the parent company and eliminations of transactions between segments. The accounting policies of the individual operating segments are the same as those of the Company as described in Note 1. Transactions between operating segments are primarily conducted at fair value, resulting in profits that are eliminated for reporting consolidated results of operations.  Operating segments pay for centrally provided services based upon estimated or actual usage of those services.

           The following is a summary of selected operating segment information as of and for the three and nine months ended September 30, 2011 and 2010:

	For the three months ended September 30, 2011									For the three months ended September 30, 2010
	MetroBank		Metro United		Other			Consolidated Company		MetroBank			Metro United		Other			Consolidated Company
	(In thousands)
Total interest income	$	12,680	$	4,081	$	7		$	16,768	$	14,237		$	4,965	$	17		$	19,219
Total interest expense		2,147		757		339			3,243		3,446			992		532			4,970
Net interest income	$	10,533	$	3,324	$	(332	)	$	13,525		10,791			3,973		(515	)		14,249
Provision for loan losses		550		325		—			875		4,300			400		—			4,700
Net interest income after provision for loan losses		9,983		2,999		(332	)		12,650		6,491			3,573		(515	)		9,549
Noninterest income		2,092		55		(331	)		1,816		1,990			72		(301	)		1,761
Noninterest expenses		8,539		2,850		46			11,435		8,242			2,589		28			10,859
Income (loss) before income tax provision		3,536		204		(709	)		3,031		239			1,056		(844	)		451
Provision (benefit) for income taxes		915		83		(236	)		762		(109	)		320		(397	)		(186	)
Net income (loss)	$	2,621	$	121	$	(473	)	$	2,269	$	348		$	736	$	(447	)	$	637

	For the nine months ended September 30, 2011									For the nine months ended September 30, 2010
	MetroBank		Metro United		Other			Consolidated Company		MetroBank		Metro United			Other			Consolidated Company
	(In thousands)
Total interest income	$	38,370	$	12,567	$	19		$	50,956	$	43,353	$	15,734		$	49		$	59,136
Total interest expense		7,075		2,395		1,013			10,483		10,706		3,867			1,591			16,164
Net interest income	$	31,295	$	10,172	$	(994	)	$	40,473		32,647		11,867			(1,542	)		42,972
Provision for loan losses		2,050		400		—			2,450		10,300		4,728			—			15,028
Net interest income after provision for loan losses		29,245		9,772		(994	)		38,023		22,347		7,139			(1,542	)		27,944
Noninterest income		5,841		198		(993	)		5,046		5,827		254			(933	)		5,148
Noninterest expenses		25,037		8,095		89			33,221		26,387		10,592			93			37,072
Income before income tax provision		10,049		1,875		(2,076	)		9,848		1,787		(3,199	)		(2,568	)		(3,980	)
Provision (benefit) for income taxes		3,008		776		(694	)		3,090		205		(622	)		(906	)		(1,323	)
Net income (loss)	$	7,041	$	1,099	$	(1,382	)	$	6,758	$	1,582	$	(2,577	)	$	(1,662	)	$	(2,657	)

	As of September 30, 2011									As of September 30, 2010
	MetroBank		Metro United		Other			Consolidated Company		MetroBank		Metro United		Other			Consolidated Company
	(In thousands)
Net loans	$	737,313	$	291,883	$	—		$	1,029,196	$	817,697	$	321,226	$	─		$	1,138,923
Total assets		1,110,963		388,897		(2,080	)		1,497,780		1,162,650		410,251		(5,442	)		1,567,459
Deposits		939,206		315,577		(13,291	)		1,241,492		995,184		319,337		(14,552	)		1,299,969