XML 24 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Mar. 31, 2011
INTEREST AND DIVIDEND INCOME:        
Loans, including fees $ 22,898 $ 15,811 $ 65,503 $ 42,900
Investments 6,450 8,117 20,226 24,703
Total interest and dividend income 29,348 23,928 85,729 67,603
INTEREST EXPENSE:        
Deposits 6,179 5,716 19,277 16,258
Advances from the Federal Home Loan Bank 1,451 1,459 4,506 4,828
Other borrowings 1,383 1,450 4,348 4,417
Total interest expense 9,013 8,625 28,131 25,503
Net interest income 20,335 15,303 57,598 42,100
Provision for loan losses 2,000 1,150 5,963 4,350
Net interest income, after provision for loan losses 18,335 14,153 51,635 37,750
Realized gain on securities:        
Sale of mortgage-backed securities 0 1,478 0 1,960
Total realized gain on securities 0 1,478 0 1,960
Other-than-temporary loss on securities:        
Total impairment losses (1,211) (1,504) (2,643) (4,733)
Loss recognized in other comprehensive income (loss) 0 1,331 120 3,678
Net impairment loss recognized in earnings (1,211) (173) (2,523) (1,055)
Fair value gain (loss) on trading securities 305 42 930 67
Total unrealized loss on securities (906) (131) (1,593) (988)
Prepayment penalty fee income 189 25 315 1,025
Mortgage banking income 4,399 444 12,215 3,630
Banking service fees and other income 174 108 475 346
Total non-interest income 3,856 1,924 11,412 5,973
NON-INTEREST EXPENSE:        
Salaries, employee benefits and stock-based compensation 5,270 3,833 14,952 10,240
Professional services 365 525 1,542 1,544
Occupancy and equipment 301 257 856 606
Data processing and internet 666 216 1,649 693
Advertising and promotional 788 261 1,852 592
Depreciation and amortization 347 181 977 364
Real estate owned and repossessed vehicles (25) 796 2,003 1,248
FDIC and regulator fees 422 559 1,088 1,474
Other general and administrative 1,056 801 3,027 2,107
Total non-interest expense 9,190 7,429 27,946 18,868
INCOME BEFORE INCOME TAXES 13,001 8,648 35,101 24,855
INCOME TAXES 5,283 3,373 14,190 9,819
NET INCOME 7,718 5,275 20,911 15,036
NET INCOME ATTRIBUTABLE TO COMMON STOCK 7,331 5,198 20,018 14,804
COMPREHENSIVE INCOME $ 6,139 $ 3,437 $ 21,186 $ 10,270
Basic earnings per share (in dollars per share) $ 0.62 $ 0.48 $ 1.72 $ 1.38
Diluted earnings per share (in dollars per share) $ 0.58 $ 0.48 $ 1.68 $ 1.37