XML 61 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
Selected Quarterly Financial Data (unaudited)
 12 Months Ended
Sep. 30, 2014
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (unaudited)
Selected Quarterly Financial Data (Unaudited)

The following selected financial data are presented for the quarters ended (dollars in thousands, except per share amounts):

 
September 30,
2014

 
June 30,
2014

 
March 31,
2014

 
December 31,
2013

Interest and dividend income
$
7,567

 
$
7,397

 
$
7,412

 
$
7,481

Interest expense
(978
)
 
(964
)
 
(975
)
 
(1,022
)
Net interest income
6,589

 
6,433

 
6,437

 
6,459

 
 
 
 
 
 
 
 
Non-interest income
2,206

 
2,116

 
2,013

 
2,195

Non-interest expense
(6,373
)
 
(6,430
)
 
(6,754
)
 
(6,241
)
 
 
 
 
 
 
 
 
Income before income taxes
2,422

 
2,119

 
1,696

 
2,413

 
 
 
 
 
 
 
 
Provision for federal income taxes
776

 
685

 
537

 
802

 
 
 
 
 
 
 
 
Net income
1,646

 
1,434

 
1,159

 
1,611

 
 
 
 
 
 
 
 
Preferred stock dividends
—

 
—

 
—

 
(136
)
Preferred stock discount accretion
—

 
—

 
—

 
(70
)
 
 
 
 
 
 
 
 
Net income to common shareholders
$
1,646

 
$
1,434

 
$
1,159

 
$
1,405

 
 
 
 
 
 
 
 
Net income per common share
 
 
 
 
 
 
 
Basic
$
0.24

 
$
0.21

 
$
0.17

 
$
0.20

Diluted
$
0.23

 
$
0.20

 
$
0.16

 
$
0.20


 
September 30,
2013

 
June 30,
2013

 
March 31,
2013

 
December 31,
2012

Interest and dividend income
$
7,521

 
$
7,575

 
$
7,552

 
$
7,589

Interest expense
(1,052
)
 
(1,076
)
 
(1,111
)
 
(1,200
)
Net interest income
6,469

 
6,499

 
6,441

 
6,389

 
 
 
 
 
 
 
 
Provision for loan losses
(165
)
 
(1,385
)
 
(1,175
)
 
(200
)
Non-interest income
2,397

 
2,372

 
2,778

 
2,715

Non-interest expense
(7,066
)
 
(6,237
)
 
(6,184
)
 
(6,377
)
 
 
 
 
 
 
 
 
Income before income taxes
1,635

 
1,249

 
1,860

 
2,527

 
 
 
 
 
 
 
 
Provision for federal income taxes
740

 
373

 
582

 
819

 
 
 
 
 
 
 
 
Net income
895

 
876

 
1,278

 
1,708

 
 
 
 
 
 
 
 
Preferred stock dividends
(151
)
 
(151
)
 
(207
)
 
(201
)
Preferred stock discount accretion
(47
)
 
(47
)
 
(126
)
 
(63
)
Discount on redemption of preferred stock
—

 
—

 
255

 
—

 
 
 
 
 
 
 
 
Net income to common shareholders
$
697

 
$
678

 
$
1,200

 
$
1,444

 
 
 
 
 
 
 
 
Net income per common share
 
 
 
 
 
 
 
Basic
$
0.10

 
$
0.10

 
$
0.18

 
$
0.21

Diluted
$
0.10

 
$
0.10

 
$
0.17

 
$
0.21