Note 11 - Operating Segment Information

3 Months Ended

Mar. 31, 2012

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 months ended March 31, 2012 and 2011:

	For the three months ended March 31, 2012									For the three months ended March 31, 2011
	MetroBank		Metro United		Other			Consolidated Company		MetroBank		Metro United		Other			Consolidated Company
	(Dollars in thousands)
Total interest income	$	12,410	$	3,981	$	7		$	16,398	$	13,062	$	4,383	$	6		$	17,451
Total interest expense		1,737		669		348			2,754		2,571		844		336			3,751
Net interest income		10,673		3,312		(341	)		13,644		10,491		3,539		(330	)		13,700
Provision for loan losses		400	─		─				400		300		30	─				330
Net interest income after provision for loan losses		10,273		3,312		(341	)		13,244		10,191		3,509		(330	)		13,370
Noninterest income		2,057		84		(338	)		1,803		1,913		77		(331	)		1,659
Noninterest expenses		8,513		2,391		29			10,933		9,002		2,717		44			11,763
Income (loss) before income tax provision		3,817		1,005		(708	)		4,114		3,102		869		(705	)		3,266
Provision (benefit) for income taxes		1,160		423		(237	)		1,346		994		382		(236	)		1,140
Net income (loss)	$	2,657	$	582	$	(471	)	$	2,768	$	2,108	$	487	$	(469	)	$	2,126

	As of March 31, 2012									As of March 31, 2011
	MetroBank		Metro United		Other			Consolidated Company		MetroBank		Metro United		Other			Consolidated Company
	(Dollars in thousands)
Net loans	$	724,511	$	293,972	$	─		$	1,018,483	$	766,996	$	297,328	$	─		$	1,064,324
Total assets		1,106,658		395,975		(1,626	)		1,501,007		1,127,497		412,746		(2,392	)		1,537,851
Deposits		933,396		333,992		(10,561	)		1,256,827		960,497		320,201		(9,535	)		1,271,163