XML 41 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (Unaudited) (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 income:        
Loans $ 1,525 $ 1,067 $ 2,498 $ 2,161
Securities 277 184 526 376
Other 14 15 27 32
Total interest income 1,816 1,266 3,051 2,569
Interest expense:        
Deposits 173 219 358 448
Borrowings 62 309 122 645
Total interest expense 235 528 480 1,093
Net interest income 1,581 738 2,571 1,476
Provision for loan losses   822   2,194
Net interest income (expense) after provision for loan losses 1,581 (84) 2,571 (718)
Noninterest income:        
Service charges and fees 66 24 82 57
Loan costs recovery 470   470  
Other 12 7 112 19
Total noninterest income 548 31 664 76
Noninterest expenses:        
Salaries and employee benefits 496 571 1,020 1,059
Occupancy and equipment 124 129 253 265
Data processing 79 79 160 151
Professional fees 236 382 345 549
Insurance 36 79 71 158
Foreclosed real estate (360) 691 (799) 976
Regulatory assessment 111 82 217 170
Other 64 44 295 93
Total noninterest expenses 786 2,057 1,562 3,421
Other-than-temporary impairment on securities:        
Total other-than-temporary impairment losses   149   353
Net earnings (loss) $ 1,343 $ (2,259) $ 1,673 $ (4,416)
Net earnings (loss) per share - Basic and diluted $ 0.16 $ (0.29) $ 0.21 $ (0.56)