UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q/A
(Amendment No. 1)
x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2012
OR
¨ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ________ to _______
Commission File Number 0-25752
FNBH BANCORP, INC.
(Exact name of registrant as specified in its charter)
MICHIGAN | 38-2869722 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
101 East Grand River, Howell, Michigan 48843
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (517) 546-3150
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer ¨ Accelerated filer ¨ Non-accelerated filer ¨ Smaller reporting company x
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No x
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 454,327 shares of the Corporation’s Common Stock (no par value) were outstanding as of August 14, 2012.
Explanatory Note
The sole purpose of this Amendment No. 1 to FNBH Bancorp, Inc.’s Quarterly Report on Form 10-Q for the period ended June 30, 2012, as filed with the Securities and Exchange Commission on August 14, 2012, is to furnish Exhibit 101 XBRL (eXtensible Business Reporting Language) interactive data files in accordance with Rule 405 of Regulation S-T.
Exhibit 101 to this report furnishes the following financial and related information from FNBH Bancorp, Inc.’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2012 formatted in XBRL: (i) the consolidated balance sheets as of June 30, 2012 (unaudited) and December 31, 2011, (ii) the unaudited consolidated statements of operations for the three and six months ended June 30, 2012 and 2011, (iii) the unaudited consolidated statements of comprehensive income (loss) for the three and six months ended June 30, 2012 and 2011, (iv) the unaudited consolidated statements of shareholders’ equity for the six months ended June 30, 2012 and 2011, (v) the unaudited consolidated statements of cash flows for the six months ended June 30, 2012 and 2011, and (vi) the notes to interim unaudited consolidated financial statements.
No other changes have been made to the Form 10-Q other than those described above. This Form 10-Q/A Amendment No. 1 does not reflect subsequent events occurring after the original filing date of the Form 10-Q or modify or update in any way disclosures made in the Form 10-Q.
Pursuant to Rule 406T of Regulation S-T, the interactive data files attached as Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.
PART II - OTHER INFORMATION
Item 6. Exhibits
10.1 | Form of Subscription Agreement, dated May 8, 2012, between the Corporation and certain accredited investors.* |
31.1 | Certificate of the Chief Executive Officer of FNBH Bancorp, Inc. pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.* |
31.2 | Certificate of the Chief Financial Officer of FNBH Bancorp, Inc. pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.* |
32.1 | Certificate of the Chief Executive Officer of FNBH Bancorp, Inc. pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. 1350).* |
32.2 | Certificate of the Chief Financial Officer of FNBH Bancorp, Inc. pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. 1350).* |
101.INS | XBRL Instance Document.** |
101.SCH | XBRL Taxonomy Extension Schema Document.** |
101.CAL | XBRL Taxonomy Extension Calculation Linkbase Document.** |
101.DEF | XBRL Taxonomy Extension Definition Linkbase Document.** |
101.LAB | XBRL Taxonomy Extension Label Linkbase Document.** |
101.PRE | XBRL Taxonomy Extension Presentation Linkbase Document.** |
* | Previously included as an exhibit to FNBH Bancorp, Inc.’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2012. |
** | Furnished herewith. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Quarterly Report on Form 10-Q/A for the quarter ended June 30, 2012 to be signed on its behalf by the undersigned hereunto duly authorized.
FNBH BANCORP, INC. | |
/s/ Ronald L. Long | |
Ronald L. Long | |
President and Chief Executive Officer | |
/s/ Mark J. Huber | |
Mark J. Huber | |
Chief Financial Officer |
Date: September 13, 2012
Long Term Incentive Plan (Details) (USD $)
|
6 Months Ended | ||||
---|---|---|---|---|---|
Jun. 30, 2012
|
Jun. 30, 2011
|
||||
Balance | $ 98.88 | $ 112.2 | |||
Balance (in shares) | 40 | 173 | [1] | ||
Granted | $ 0 | $ 0 | |||
Granted (in shares) | 0 | 0 | [1] | ||
Vested | $ 108.37 | $ 127.71 | |||
Vested (in shares) | (18) | (50) | [1] | ||
Forfeited | $ 0 | $ 0 | |||
Forfeited (in shares) | 0 | 0 | [1] | ||
Balance | $ 91 | $ 105.95 | |||
Balance (in shares) | 22 | 123 | [1] | ||
|
Fair Value Measurements (Details) (USD $)
In Thousands, unless otherwise specified |
Jun. 30, 2012
|
Dec. 31, 2011
|
||||
---|---|---|---|---|---|---|
Investment securities available for sale, at fair value | $ 70,969 | $ 32,325 | ||||
Fair Value, Inputs, Level 1 [Member]
|
||||||
Investment securities available for sale, at fair value | 0 | 0 | ||||
Fair Value, Inputs, Level 2 [Member]
|
||||||
Investment securities available for sale, at fair value | 68,992 | 30,261 | ||||
Fair Value, Inputs, Level 3 [Member]
|
||||||
Investment securities available for sale, at fair value | 1,977 | 2,064 | ||||
Obligations Of State and Political Subdivisions [Member]
|
||||||
Investment securities available for sale, at fair value | 1,073 | 1,311 | ||||
Obligations Of State and Political Subdivisions [Member] | Fair Value, Inputs, Level 1 [Member]
|
||||||
Investment securities available for sale, at fair value | 0 | 0 | ||||
Obligations Of State and Political Subdivisions [Member] | Fair Value, Inputs, Level 2 [Member]
|
||||||
Investment securities available for sale, at fair value | 1,073 | 1,311 | ||||
Obligations Of State and Political Subdivisions [Member] | Fair Value, Inputs, Level 3 [Member]
|
||||||
Investment securities available for sale, at fair value | 0 | 0 | ||||
U.S. Agency Securities [Member]
|
||||||
Investment securities available for sale, at fair value | 3,017 | 7,008 | ||||
U.S. Agency Securities [Member] | Fair Value, Inputs, Level 1 [Member]
|
||||||
Investment securities available for sale, at fair value | 0 | 0 | ||||
U.S. Agency Securities [Member] | Fair Value, Inputs, Level 2 [Member]
|
||||||
Investment securities available for sale, at fair value | 3,017 | 7,008 | ||||
U.S. Agency Securities [Member] | Fair Value, Inputs, Level 3 [Member]
|
||||||
Investment securities available for sale, at fair value | 0 | 0 | ||||
Mortgage-Backed/CMO Securities [Member]
|
||||||
Investment securities available for sale, at fair value | 66,734 | 23,897 | ||||
Mortgage-Backed/CMO Securities [Member] | Fair Value, Inputs, Level 1 [Member]
|
||||||
Investment securities available for sale, at fair value | 0 | 0 | ||||
Mortgage-Backed/CMO Securities [Member] | Fair Value, Inputs, Level 2 [Member]
|
||||||
Investment securities available for sale, at fair value | 64,757 | 21,833 | ||||
Mortgage-Backed/CMO Securities [Member] | Fair Value, Inputs, Level 3 [Member]
|
||||||
Investment securities available for sale, at fair value | 1,977 | 2,064 | ||||
Preferred Stock Securities [Member]
|
||||||
Investment securities available for sale, at fair value | 145 | [1] | 109 | [1] | ||
Preferred Stock Securities [Member] | Fair Value, Inputs, Level 1 [Member]
|
||||||
Investment securities available for sale, at fair value | 0 | 0 | ||||
Preferred Stock Securities [Member] | Fair Value, Inputs, Level 2 [Member]
|
||||||
Investment securities available for sale, at fair value | 145 | 109 | ||||
Preferred Stock Securities [Member] | Fair Value, Inputs, Level 3 [Member]
|
||||||
Investment securities available for sale, at fair value | $ 0 | $ 0 | ||||
|
Long Term Incentive Plan (Details Textual) (USD $)
|
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2012
|
Jun. 30, 2011
|
Jun. 30, 2012
|
Jun. 30, 2011
|
|
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Total Fair Value | $ 1,000 | $ 2,000 | $ 2,000 | $ 6,000 |
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized | $ 2,000 | $ 2,000 | ||
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition | 1 year |
Earnings per Common Share (Tables)
|
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2012
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | In the event of a net loss, the participating securities are excluded from the calculation of both basic and diluted earnings per share, as the impact would be anti-dilutive.
(1) Number of shares is adjusted to reflect the 1-for-7 reverse stock split effective October 3, 2011. |
Fair Value Measurements (Details 2) (USD $)
In Thousands, unless otherwise specified |
Jun. 30, 2012
|
Dec. 31, 2011
|
||||
---|---|---|---|---|---|---|
Investment securities available for sale, at fair value | $ 70,969 | $ 32,325 | ||||
Impaired Loans [Member]
|
||||||
Investment securities available for sale, at fair value | 26,539 | [1] | 22,236 | [1] | ||
Other Real Estate Owned [Member]
|
||||||
Investment securities available for sale, at fair value | 3,331 | 3,026 | ||||
Fair Value, Inputs, Level 1 [Member]
|
||||||
Investment securities available for sale, at fair value | 0 | 0 | ||||
Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member]
|
||||||
Investment securities available for sale, at fair value | 0 | [1] | 0 | [1] | ||
Fair Value, Inputs, Level 1 [Member] | Other Real Estate Owned [Member]
|
||||||
Investment securities available for sale, at fair value | 0 | 0 | ||||
Fair Value, Inputs, Level 2 [Member]
|
||||||
Investment securities available for sale, at fair value | 68,992 | 30,261 | ||||
Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member]
|
||||||
Investment securities available for sale, at fair value | 0 | [1] | 0 | [1] | ||
Fair Value, Inputs, Level 2 [Member] | Other Real Estate Owned [Member]
|
||||||
Investment securities available for sale, at fair value | 0 | 0 | ||||
Fair Value, Inputs, Level 3 [Member]
|
||||||
Investment securities available for sale, at fair value | 1,977 | 2,064 | ||||
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member]
|
||||||
Investment securities available for sale, at fair value | 26,539 | [1] | 22,236 | [1] | ||
Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member]
|
||||||
Investment securities available for sale, at fair value | $ 3,331 | $ 3,026 | ||||
|
Allowance for Loan Losses and Credit Quality of Loans (Details 5) (USD $)
In Thousands, unless otherwise specified |
Jun. 30, 2012
|
Dec. 31, 2011
|
---|---|---|
Loans Receivable With Specific Allowance [Member]
|
||
Recorded Investment | $ 18,395 | $ 14,598 |
Unpaid Principal Balance | 23,761 | 22,960 |
Valuation Allowance | 3,010 | 2,884 |
Loans Receivable With No Specific Allowance [Member]
|
||
Recorded Investment | 11,154 | 10,522 |
Unpaid Principal Balance | 16,329 | 13,905 |
Valuation Allowance | 0 | 0 |
Loans Receivable [Member]
|
||
Recorded Investment | 29,549 | 25,120 |
Unpaid Principal Balance | 40,090 | 36,865 |
Valuation Allowance | 3,010 | 2,884 |
Commercial Loan [Member] | Loans Receivable With Specific Allowance [Member]
|
||
Recorded Investment | 597 | 322 |
Unpaid Principal Balance | 666 | 369 |
Valuation Allowance | 47 | 174 |
Commercial Loan [Member] | Loans Receivable With No Specific Allowance [Member]
|
||
Recorded Investment | 85 | 444 |
Unpaid Principal Balance | 667 | 903 |
Valuation Allowance | 0 | 0 |
Commercial Loan [Member] | Loans Receivable [Member]
|
||
Recorded Investment | 682 | 766 |
Unpaid Principal Balance | 1,333 | 1,272 |
Valuation Allowance | 47 | 174 |
Commercial Real Estate Construction Financing Receivable [Member] | Loans Receivable With Specific Allowance [Member]
|
||
Recorded Investment | 3,718 | 3,241 |
Unpaid Principal Balance | 6,024 | 6,665 |
Valuation Allowance | 551 | 730 |
Commercial Real Estate Construction Financing Receivable [Member] | Loans Receivable With No Specific Allowance [Member]
|
||
Recorded Investment | 2,686 | 3,363 |
Unpaid Principal Balance | 3,569 | 4,656 |
Valuation Allowance | 0 | 0 |
Commercial Real Estate Construction Financing Receivable [Member] | Loans Receivable [Member]
|
||
Recorded Investment | 6,404 | 6,604 |
Unpaid Principal Balance | 9,593 | 11,321 |
Valuation Allowance | 551 | 730 |
Commercial Real Estate Owner Occupied Financing Receivable [Member] | Loans Receivable With Specific Allowance [Member]
|
||
Recorded Investment | 4,922 | 3,351 |
Unpaid Principal Balance | 6,122 | 4,540 |
Valuation Allowance | 733 | 865 |
Commercial Real Estate Owner Occupied Financing Receivable [Member] | Loans Receivable With No Specific Allowance [Member]
|
||
Recorded Investment | 2,931 | 3,467 |
Unpaid Principal Balance | 3,714 | 4,560 |
Valuation Allowance | 0 | 0 |
Commercial Real Estate Owner Occupied Financing Receivable [Member] | Loans Receivable [Member]
|
||
Recorded Investment | 7,853 | 6,818 |
Unpaid Principal Balance | 9,836 | 9,100 |
Valuation Allowance | 733 | 865 |
Commercial Real Estate Nonowner Occupied Financing Receivable [Member] | Loans Receivable With Specific Allowance [Member]
|
||
Recorded Investment | 7,905 | 5,609 |
Unpaid Principal Balance | 9,406 | 8,098 |
Valuation Allowance | 1,358 | 683 |
Commercial Real Estate Nonowner Occupied Financing Receivable [Member] | Loans Receivable With No Specific Allowance [Member]
|
||
Recorded Investment | 3,765 | 2,452 |
Unpaid Principal Balance | 5,433 | 2,747 |
Valuation Allowance | 0 | 0 |
Commercial Real Estate Nonowner Occupied Financing Receivable [Member] | Loans Receivable [Member]
|
||
Recorded Investment | 11,670 | 8,061 |
Unpaid Principal Balance | 14,839 | 10,845 |
Valuation Allowance | 1,358 | 683 |
Consumer Real Estate Commercial Financing Receivable [Member] | Loans Receivable With Specific Allowance [Member]
|
||
Recorded Investment | 1,253 | 2,075 |
Unpaid Principal Balance | 1,543 | 3,288 |
Valuation Allowance | 321 | 432 |
Consumer Real Estate Commercial Financing Receivable [Member] | Loans Receivable With No Specific Allowance [Member]
|
||
Recorded Investment | 1,687 | 796 |
Unpaid Principal Balance | 2,946 | 1,039 |
Valuation Allowance | 0 | 0 |
Consumer Real Estate Commercial Financing Receivable [Member] | Loans Receivable [Member]
|
||
Recorded Investment | 2,940 | 2,871 |
Unpaid Principal Balance | 4,489 | 4,327 |
Valuation Allowance | 321 | 432 |
Consumer Real Estate Mortgage - Residential Financing Receivable [Member] | Loans Receivable With Specific Allowance [Member]
|
||
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Valuation Allowance | 0 | 0 |
Consumer Real Estate Mortgage - Residential Financing Receivable [Member] | Loans Receivable With No Specific Allowance [Member]
|
||
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Valuation Allowance | 0 | 0 |
Consumer Real Estate Mortgage - Residential Financing Receivable [Member] | Loans Receivable [Member]
|
||
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Valuation Allowance | 0 | 0 |
Consumer Real Estate Home Equity and Home Equity Lines Of Credit Financing Receivable [Member] | Loans Receivable With Specific Allowance [Member]
|
||
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Valuation Allowance | 0 | 0 |
Consumer Real Estate Home Equity and Home Equity Lines Of Credit Financing Receivable [Member] | Loans Receivable With No Specific Allowance [Member]
|
||
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Valuation Allowance | 0 | 0 |
Consumer Real Estate Home Equity and Home Equity Lines Of Credit Financing Receivable [Member] | Loans Receivable [Member]
|
||
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Valuation Allowance | 0 | 0 |
Consumer Other Financing Receivable [Member] | Loans Receivable With Specific Allowance [Member]
|
||
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Valuation Allowance | 0 | 0 |
Consumer Other Financing Receivable [Member] | Loans Receivable With No Specific Allowance [Member]
|
||
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Valuation Allowance | 0 | 0 |
Consumer Other Financing Receivable [Member] | Loans Receivable [Member]
|
||
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Valuation Allowance | $ 0 | $ 0 |
Allowance for Loan Losses and Credit Quality of Loans (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2012
|
Jun. 30, 2011
|
Jun. 30, 2012
|
Jun. 30, 2011
|
|
Allowance for loan losses: | ||||
Beginning balance | $ 12,002 | $ 13,734 | $ 12,690 | $ 13,970 |
Charge offs | (797) | (4,725) | (2,365) | (6,054) |
Recoveries | 507 | 245 | 937 | 538 |
Provision | 450 | 3,800 | 900 | 4,600 |
Ending balance | 12,162 | 13,054 | 12,162 | 13,054 |
Commercial Portfolio Segment [Member]
|
||||
Allowance for loan losses: | ||||
Beginning balance | 565 | 1,144 | 636 | 1,049 |
Charge offs | (24) | (1) | (241) | (225) |
Recoveries | 85 | 89 | 113 | 123 |
Provision | 48 | (261) | 166 | 24 |
Ending balance | 674 | 971 | 674 | 971 |
Commercial Real Estate Portfolio Segment [Member]
|
||||
Allowance for loan losses: | ||||
Beginning balance | 8,560 | 10,363 | 9,113 | 10,555 |
Charge offs | (590) | (3,669) | (1,695) | (4,221) |
Recoveries | 314 | 21 | 680 | 227 |
Provision | 1,042 | 3,116 | 1,228 | 3,270 |
Ending balance | 9,326 | 9,831 | 9,326 | 9,831 |
Consumer Real Estate Portfolio Segment [Member]
|
||||
Allowance for loan losses: | ||||
Beginning balance | 2,645 | 2,044 | 2,680 | 2,213 |
Charge offs | (145) | (1,002) | (362) | (1,508) |
Recoveries | 92 | 93 | 103 | 118 |
Provision | (521) | 973 | (350) | 1,285 |
Ending balance | 2,071 | 2,108 | 2,071 | 2,108 |
Consumer and Other Portfolio Segment [Member]
|
||||
Allowance for loan losses: | ||||
Beginning balance | 232 | 183 | 261 | 153 |
Charge offs | (38) | (53) | (67) | (100) |
Recoveries | 16 | 42 | 41 | 70 |
Provision | (119) | (28) | (144) | 21 |
Ending balance | $ 91 | $ 144 | $ 91 | $ 144 |
Fair Value of Financial Instruments (Details Textual) (USD $)
In Millions, unless otherwise specified |
Jun. 30, 2012
|
Dec. 31, 2011
|
---|---|---|
Loans Receivable, Fair Value Disclosure | $ 26.5 | $ 22.2 |
Allowance for Loan Losses and Credit Quality of Loans (Details Textual) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended |
---|---|---|
Jun. 30, 2012
|
Jun. 30, 2012
|
|
Repayment Of Troubled Debt Restructuring Amount | $ 917,000 | $ 917,000 |
Pre Modification Recorded Investment Included In Non Market Interest Rate Restructuring | 692,000 | 888,000 |
Impairment Evaluation Condition | if reported as nonaccrual and are greater than $100,000 or part of an aggregate relationship exceeding $100,000. | |
Pass [Member]
|
||
Financing Receivable, Credit Quality, Additional Information | Grades 1 to 5 | |
Watch [Member]
|
||
Financing Receivable, Credit Quality, Additional Information | Grades 6 | |
Substandard [Member]
|
||
Financing Receivable, Credit Quality, Additional Information | Grades 7 and higher | |
Performing Financing Receivable [Member]
|
||
Pre Modification Recorded Investment Included In Non Market Interest Rate Restructuring | $ 0 | $ 0 |
Basis of Presentation
|
6 Months Ended |
---|---|
Jun. 30, 2012
|
|
Accounting Policies [Abstract] | |
Basis of Presentation and Significant Accounting Policies [Text Block] | 1. Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, these financial statements do not include all of the information and footnotes required by US GAAP for complete financial statements. In the opinion of management of FNBH Bancorp, Inc. (the Corporation), all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation were included. The results of operations for the three and six month period ended June 30, 2012 are not necessarily indicative of the results to be expected for the year ending December 31, 2012. For further information, refer to the consolidated financial statements and footnotes thereto included in the 2011 Annual Report contained in the Corporation’s report on Form 10-K filing. Certain reclassifications have been made to prior period financial statements to conform to the current period presentation.
The consolidated financial statements included in this Form 10-Q have been prepared assuming our wholly-owned subsidiary bank, First National Bank in Howell (the Bank), continues to operate in the normal course of business for the foreseeable future, and do not include any adjustments to recorded assets or liabilities should we be unable to continue as a going concern. |