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Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest and dividend income        
Loans, including fees $ 2,402 $ 1,734 $ 4,524 $ 3,330
Securities 42 43 86 103
FHLB stock dividends 19 20 39 41
Federal funds sold and other 15 37 32 71
Total interest and dividend income 2,478 1,834 4,681 3,545
Interest expense        
Deposits 368 421 723 829
FHLB advances and other debt 26 77 71 153
Subordinated debentures 41 42 83 83
Total interest expense 435 540 877 1,065
Net interest income 2,043 1,294 3,804 2,480
Provision for loan losses 108 324 128 650
Net interest income after provision for loan losses 1,935 970 3,676 1,830
Noninterest income        
Service charges on deposit accounts 106 83 209 156
Net gains on sales of loans 132 107 149 113
Earnings on bank owned life insurance 32 33 64 65
Other 88 46 181 68
Total noninterest income 358 269 603 402
Noninterest expense        
Salaries and employee benefits 1,051 961 2,154 1,853
Occupancy and equipment 135 84 293 159
Data processing 224 143 431 306
Franchise taxes 49 85 99 170
Professional fees 257 175 554 387
Director fees 13 3 25 8
Postage, printing and supplies 57 69 141 127
Advertising and promotion 1 6 4 12
Telephone 27 21 52 37
Loan expenses 11 9 15 26
Foreclosed assets, net 70 1 81 (18)
Depreciation 70 53 122 107
FDIC premiums 85 36 164 147
Amortization of intangibles   10   19
Regulatory assessment 39 39 78 78
Other insurance 33 36 69 73
Other 73 62 113 105
Total non-interest expense 2,195 1,793 4,395 3,596
Income (loss) before incomes taxes 98 (554) (116) (1,364)
Income tax expense            
Net income (loss) 98 (554) (116) (1,364)
Dividends on Series B preferred stock (59)   (59)  
Earnings (loss) attributable to common stockholders $ 39 $ (554) $ (175) $ (1,364)
Earnings (loss) per common share:        
Basic $ 0.00 [1] $ (0.04) [1] $ (0.01) [1] $ (0.09) [1]
Diluted $ 0.00 [2] $ (0.04) [2] $ (0.01) [2] $ (0.09) [2]
[1] Basic earnings (loss) per share is less than $0.01 per share for the three months ended June 30, 2014
[2] Diluted earnings (loss) per share is less than $0.01 per share for the three months ended June 30, 2014