Note 10 - Operating Segment Information

9 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

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 and nine months ended September 30, 2013 and 2012:

	For the Three Months Ended September 30, 2013											For the Three Months Ended September 30, 2012
	MetroBank			Metro United		Other			Consolidated Company			MetroBank			Metro United		Other			Consolidated Company
	(Dollars in thousands)
Total interest income	$	11,404		$	4,657	$	─		$	16,061		$	11,926		$	4,096	$	7		$	16,029
Total interest expense		1,353			696		321			2,370			1,483			548		350			2,381
Net interest income		10,051			3,961		(321	)		13,691			10,443			3,548		(343	)		13,648
(Reduction in) provision for loan losses		(800	)		145	─				(655	)		(300	)	─		─				(300	)
Net interest income after provision for loan losses		10,851			3,816		(321	)		14,346			10,743			3,548		(343	)		13,948
Noninterest income		2,115			321		(347	)		2,089			2,126			84		(338	)		1,872
Noninterest expenses		8,336			2,749		393			11,478			8,281			2,870		378			11,529
Income (loss) before income tax provision		4,630			1,388		(1,061	)		4,957			4,588			762		(1,059	)		4,291
Provision (benefit) for income taxes		1,517			349		(357	)		1,509			1,449			321		(360	)		1,410
Net income (loss)	$	3,113		$	1,039	$	(704	)	$	3,448		$	3,139		$	441	$	(699	)	$	2,881

	For the nine months ended September 30, 2013											For the nine months ended September 30, 2012
	MetroBank			Metro United		Other			Consolidated Company			MetroBank		Metro United		Other			Consolidated Company
	(Dollars in thousands)
Total interest income	$	33,361		$	12,986	$	6		$	46,353		$	36,483	$	12,104	$	21		$	48,608
Total interest expense		3,990			1,910		959			6,859			4,834		1,793		1,044			7,671
Net interest income		29,371			11,076		(953	)		39,494			31,649		10,311		(1,023	)	$	40,937
(Reduction in) provision for loan losses		(1,250	)		120	─				(1,130	)		300	─		─				300
Net interest income after provision for loan losses		30,621			10,956		(953	)		40,624			31,349		10,311		(1,023	)		40,637
Noninterest income		6,117			620		(1,054	)		5,683			6,188		260		(1,013	)		5,435
Noninterest expenses		23,362			7,805		1,321			32,488			25,143		8,043		588			33,774
Income (loss) before income tax provision		13,376			3,771		(3,328	)		13,819			12,394		2,528		(2,624	)		12,298
Provision (benefit) for income taxes		4,310			1,358		(1,120	)		4,548			3,921		995		(893	)		4,023
Net income (loss)	$	9,066		$	2,413	$	(2,208	)	$	9,271		$	8,473	$	1,533	$	(1,731	)	$	8,275

	As of September 30, 2013									As of September 30, 2012
	MetroBank		Metro United		Other			Consolidated Company		MetroBank		Metro United		Other			Consolidated Company
	(Dollars in thousands)
Net loans (1)	$	802,569	$	361,455	$	—		$	1,164,024	$	759,904	$	311,409	$	—		$	1,071,313
Total assets		1,146,878		488,848		(1,277	)		1,634,449		1,128,652		396,019		1,417			1,526,088
Deposits		957,061		411,749		(16,342	)		1,352,468		946,206		325,646		(6,795	)		1,265,057

(1) Includes loans held-for-sale.