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Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest and dividend income        
Loans, including fees $ 2,848 $ 1,822 $ 7,372 $ 5,152
Securities 38 52 124 155
FHLB stock dividends 19 21 58 62
Federal funds sold and other 14 36 46 107
Total interest and dividend income 2,919 1,931 7,600 5,476
Interest expense        
Deposits 400 417 1,123 1,246
FHLB advances and other debt 41 79 112 232
Subordinated debentures 41 42 124 125
Total interest expense 482 538 1,359 1,603
Net interest income 2,437 1,393 6,241 3,873
Provision for loan losses 75 76 203 726
Net interest income after provision for loan losses 2,362 1,317 6,038 3,147
Noninterest income        
Service charges on deposit accounts 99 92 308 248
Net gains on sales of loans 207 (1) 356 112
Earnings on bank owned life insurance 33 33 97 98
Other 107 52 288 120
Total noninterest income 446 176 1,049 578
Noninterest expense        
Salaries and employee benefits 1,177 970 3,331 2,823
Occupancy and equipment 138 70 431 229
Data processing 223 158 654 464
Franchise taxes 51 84 150 254
Professional fees 317 211 871 598
Director fees 39 5 64 13
Postage, printing and supplies 49 42 190 169
Advertising and promotion 36 20 40 32
Telephone 31 18 83 55
Loan expenses 12 29 27 55
Foreclosed assets, net 167 (4) 248 (22)
Depreciation 57 54 179 161
FDIC premiums 105 80 269 227
Amortization of intangibles   11   30
Regulatory assessment 42 41 120 119
Other insurance 30 37 99 110
Other 48 52 161 157
Total non-interest expense 2,522 1,878 6,917 5,474
Income (loss) before incomes taxes 286 (385) 170 (1,749)
Income tax expense            
Net income (loss) 286 (385) 170 (1,749)
Dividends on Series B preferred stock (174)   (233)  
Earnings (loss) attributable to common stockholders $ 112 $ (385) $ (63) $ (1,749)
Earnings (loss) per common share:        
Basic $ 0.01 [1] $ (0.02) [1] $ 0.00 [1] $ (0.11) [1]
Diluted $ 0.01 [2] $ (0.02) [2] $ 0.00 [2] $ (0.11) [2]
[1] Basic earnings (loss) per share is less than $0.01 per share for the nine months ended September 30, 2014.
[2] Diluted earnings (loss) per share is less than $0.01 per share for the three months ended September 30, 2014.