XML 62 R47.htm IDEA: XBRL DOCUMENT v3.5.0.2
Organization Restatement Statement of Operations (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2016
Mar. 31, 2015
Loans                 $ 24,702 $ 19,974
Mortgage-backed securities                 761 799
Investment securities                 1,295 1,339
Money market investments                 150 215
Interest income $ 6,961 $ 7,009 $ 6,730 $ 6,208 $ 5,714 $ 5,265 $ 5,590 $ 5,758 26,908 22,327
Interest expense:                    
Deposits                 3,269 2,853
Interest Expense, Borrowings                 1,270 1,089
Interest expense 1,217 1,171 1,093 1,058 946 1,013 992 991 4,539 3,942
Net interest income 5,744 5,838 5,637 5,150 4,768 4,252 4,598 4,767 22,369 18,385
Provision for (recovery of) loan losses 89 728 643 34 (64) (1,151) (713) (913) 1,495 (2,842) [1],[2]
Interest Income (Expense), after Provision for Loan Loss                 20,874 21,227 [3]
Non-interest income:                    
Depository fees and charges                 3,112 3,595
Loan fees and service charges                 940 708
Gain on sale of securities, net                 1 8
Gain on sale of loans, net                 499 (2)
Gain (loss) on real estate owned                 35 5
Lower of cost or market adjustment on loans held-for-sale                 1 (28)
Other                 726 1,282
Total non-interest income 1,469 2,741 1,131 1,193 1,394 1,408 1,562 1,202 6,535 5,568
Non-interest expense:                    
Employee compensation and benefits                 11,358 11,588
Net occupancy expense                 4,695 3,839
Equipment, net                 635 900
Data processing                 1,100 1,259 [3]
Consulting fees                 1,058 1,003 [3]
Federal deposit insurance premiums                 527 603
Other Expenses                 8,078 7,990 [4]
Non-interest expense 8,186 7,214 6,202 5,851 6,648 7,127 6,780 6,624 27,451 27,182 [5]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest                 (42) (387) [3]
Income tax expense (benefit) 32 (67) (79) (13) (31) (62) (57) (16) 128 166
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest                 (170) (553) [3],[5]
Net (loss) / income attributable to non-controlling interest         0 151 147 (17) 0 (281)
Net (loss) / income attributable to Carver Bancorp, Inc. $ (1,030) $ 570 $ (156) $ 445 $ (453) $ (227) $ 183 $ 225 $ (170) $ (272) [2],[4],[5]
(Loss) / Earnings per common share:                    
Earnings Per Share, Basic $ (0.28) $ 0.06 [6] $ (0.04) $ 0.05 [6] $ (0.12) $ (0.06) $ 0.02 $ 0.02 $ (0.05) $ (0.07) [2]
Earnings Per Share, Diluted $ (0.28) $ 0.06 [6] $ (0.04) $ 0.05 [6] $ (0.12) [6] $ (0.06) [6] $ 0.02 [6] $ 0.02 [6] $ (0.05) $ (0.07) [2]
Scenario, Previously Reported [Member]                    
Loans                   $ 19,974
Mortgage-backed securities                   799
Investment securities                   1,339
Money market investments                   215
Interest income   $ 7,009 $ 6,730 $ 6,208 $ 5,714 $ 5,265 $ 5,590 $ 5,758   22,327
Interest expense:                    
Deposits                   2,853
Interest Expense, Borrowings                   1,089
Interest expense   1,171 1,093 1,058 946 1,013 992 991   3,942
Net interest income   5,838 5,637 5,150 4,768 4,252 4,598 4,767   18,385
Provision for (recovery of) loan losses   728 643 117 (365) (1,151) (713) (780)   (3,010)
Interest Income (Expense), after Provision for Loan Loss                   21,395
Non-interest income:                    
Depository fees and charges                   3,595
Loan fees and service charges                   708
Gain on sale of securities, net                   8
Gain on sale of loans, net                   (2)
Gain (loss) on real estate owned                   5
Lower of cost or market adjustment on loans held-for-sale                   (28)
Other                   1,282
Total non-interest income   2,741 1,131 1,193 1,394 1,408 1,562 1,202   5,568
Non-interest expense:                    
Employee compensation and benefits                   11,588
Net occupancy expense                   3,839
Equipment, net                   900
Data processing                   733
Consulting fees                   952
Federal deposit insurance premiums                   603
Other Expenses                   8,099
Non-interest expense   7,347 6,211 6,035 6,622 6,789 6,753 6,547   26,714
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest                   249
Income tax expense (benefit)   (67) (79) (13) (31) (62) (57) (16)   166
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest                   83
Net (loss) / income attributable to non-controlling interest         0 151 147 (17)   (281)
Net (loss) / income attributable to Carver Bancorp, Inc.   $ 437 $ (165) $ 178 $ (126) $ 111 $ 210 $ 169   $ 364
(Loss) / Earnings per common share:                    
Earnings Per Share, Basic   $ 0.12 [6] $ (0.04) $ 0.05 [6] $ (0.03) [7] $ 0.03 [7] $ 0.06 [7] $ 0.05 [7]   $ 0.10
Earnings Per Share, Diluted   $ 0.12 [6] $ (0.04) $ 0.05 [6] $ (0.03) [7] $ 0.03 [7] $ 0.06 [7] $ 0.05 [7]   $ 0.10
Restatement Adjustment [Member]                    
Loans                   $ 0
Mortgage-backed securities                   0
Investment securities                   0
Money market investments                   0
Interest income   $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0   0
Interest expense:                    
Deposits                   0
Interest Expense, Borrowings                   0
Interest expense   0 0 0 0 0 0 0   0
Net interest income   0 0 0 0 0 0 0   0
Provision for (recovery of) loan losses   0 0 (83) 301 0 0 (133)   168
Interest Income (Expense), after Provision for Loan Loss                   (168)
Non-interest income:                    
Depository fees and charges                   0
Loan fees and service charges                   0
Gain on sale of securities, net                   0
Gain on sale of loans, net                   0
Gain (loss) on real estate owned                   0
Lower of cost or market adjustment on loans held-for-sale                   0
Other                   0
Total non-interest income   0 0 0 0 0 0 0   0
Non-interest expense:                    
Employee compensation and benefits                   0
Net occupancy expense                   0
Equipment, net                   0
Data processing                   526
Consulting fees                   51
Federal deposit insurance premiums                   0
Other Expenses                   (109)
Non-interest expense   (133) (9) (184) 26 338 27 77   468
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest                   (636)
Income tax expense (benefit)   0 0 0 0 0 0 0   0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest                   (636)
Net (loss) / income attributable to non-controlling interest         0 0 0 0   0
Net (loss) / income attributable to Carver Bancorp, Inc.   $ 133 $ 9 $ 267 $ (327) $ (338) $ (27) $ 56   $ (636)
(Loss) / Earnings per common share:                    
Earnings Per Share, Basic   $ (0.06) $ 0.00 $ 0 $ (0.09) $ (90) $ (40) $ (20)   $ (0.17)
Earnings Per Share, Diluted   $ (0.06) $ 0.00 $ 0 $ (0.09) $ (90) $ (40) $ (20)   $ (0.17)
[1] (2) March 31, 2015 balances have been restated from previously reported results for the $701 thousand reclassification of negative escrow balances from Other Assets to Loans Receivable a
[2] 1) March 31, 2015 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Notes 1 and 18 for further detail.
[3] (1) March 31, 2015 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Notes 1 and 18 for further detail.
[4] (1) March 31, 2015 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Notes 1 and 18 for further detail.
[5] (1) March 31, 2015 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Notes 1 and 18 for further detail. See acc
[6] (1) Basic and Diluted EPS amounts restated for all periods in a net income position to include 45,118 shares of Series D Preferred Stock (participating securities) which, under certain circumstances, could convert to 5,518,006 shares of common stock.
[7] Difference in total earnings per share to Consolidated Statement of Operations is due to rounding