XML 17 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Interest income $ 3,570 $ 3,561 $ 10,496 $ 10,392
Premium income 417 796 1,960 1,187
Other income 601 507 1,131 1,036
Total revenues 4,588 4,864 13,587 12,615
Expenses:        
Salaries and related benefits 1,055 1,091 3,172 3,350
Interest 803 887 2,511 2,646
General and administrative 606 495 1,945 1,493
Transaction costs 1,222   1,615  
Provision for loan losses, net 148 53 562 646
Strategic alternatives   1,421   3,623
Total expenses 3,834 3,947 9,805 11,758
Income before income tax provision and discontinued operations, net of tax 754 917 3,782 857
Income tax provision (356) (272) (946) (311)
Income from continuing operations 398 645 2,836 546
Discontinued operations, net of tax (75) (172) (323) (643)
Net income (loss) $ 323 $ 473 $ 2,513 $ (97)
Weighted average shares outstanding:        
Basic 10,596 10,590 10,594 10,584
Diluted 10,606 10,590 10,596 10,610
Basic and diluted earnings (loss) per share:        
Income from continuing operations $ 0.04 $ 0.06 $ 0.27 $ 0.05
Discontinued operations, net of tax $ (0.01) $ (0.02) $ (0.03) $ (0.06)
Net income (loss) $ 0.03 $ 0.04 $ 0.24 $ (0.01)