Note 10 - Operating Segment Information

3 Months Ended

Mar. 31, 2013

Segment Reporting Disclosure [Text Block]

10.     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, 2013 and 2012:

	For the Three Months Ended March 31, 2013											For the Three Months Ended March 31, 2012
	MetroBank			Metro United		Other			Consolidated Company			MetroBank		Metro United		Other			Consolidated Company
	(Dollars in thousands)
Total interest income	$	10,849		$	4,166	$	2		$	15,017		$	12,410	$	3,981	$	7		$	16,398
Total interest expense		1,309			574		312			2,195			1,737		669		348			2,754
Net interest income		9,540			3,592		(310	)		12,822			10,673		3,312		(341	)		13,644
(Reduction in) provision for loan losses		(450	)		─		─			(450	)		400		─		─			400
Net interest income after provision for loan losses		9,990			3,592		(310	)		13,272			10,273		3,312		(341	)		13,244
Noninterest income		1,905			106		(361	)		1,650			2,057		84		(338	)		1,803
Noninterest expenses		7,418			2,411		473			10,302			8,513		2,391		29			10,933
Income (loss) before income tax provision		4,477			1,287		(1,144	)		4,620			3,817		1,005		(708	)		4,114
Provision (benefit) for income taxes		1,435			548		(390	)		1,593			1,160		423		(237	)		1,346
Net income (loss)	$	3,042		$	739	$	(754	)	$	3,027		$	2,657	$	582	$	(471	)	$	2,768

	As of March 31, 2013									As of March 31, 2012
	MetroBank		Metro United		Other			Consolidated Company		MetroBank		Metro United		Other			Consolidated Company
	(Dollars in thousands)
Net loans	$	767,618	$	334,266	$	─		$	1,101,884	$	724,511	$	293,972	$	─		$	1,018,483
Total assets		1,146,420		440,418		398			1,587,236		1,106,658		395,975		(1,626	)		1,501,007
Deposits		964,232		370,574		(6,754	)		1,328,052		933,396		333,992		(10,561	)		1,256,827