XML 17 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2017
Mar. 31, 2016
[1]
Interest income:                    
Loans                 $ 24,257 $ 24,358
Mortgage-backed securities                 806 761 [2]
Investment securities                 764 1,295 [2]
Money market investments                 299 150 [2]
Total interest income $ 6,733 $ 6,147 $ 6,326 $ 6,920 $ 7,129 $ 6,823 $ 6,585 $ 6,027 26,126 26,564
Interest expense:                    
Deposits                 3,661 3,269 [3]
Advances and other borrowed money                 1,257 1,336 [3]
Total interest expense 1,151 1,282 1,223 1,262 1,236 1,188 1,109 1,072 4,918 4,605 [3]
Net interest income 5,582 4,865 5,103 5,658 5,893 5,635 5,476 4,955 21,208 21,959
Provision for loan losses 521 (128) (160) (204) 90 728 643 34 29 1,495 [2],[4]
Net interest income after provision for loan losses                 21,179 20,464
Non-interest income:                    
Depository fees and charges                 3,346 3,112 [4]
Loan fees and service charges                 407 419 [4]
Gain on sale of securities, net                 58 1 [4]
Gain on sale of loans, net                 4 499 [4]
Income from other real estate owned                 0 35 [2],[4]
Gain on sale of building, net           1,200     69 1,221 [2],[4]
Lower of cost or market adjustment on loans held-for-sale                 (47) 1 [2],[4]
Other                 781 726 [4]
Total non-interest income 1,150 1,071 1,257 1,140 1,090 2,717 1,048 1,159 4,618 6,014 [4]
Non-interest expense:                    
Employee compensation and benefits                 12,548 11,358 [4]
Net occupancy expense                 3,290 4,695 [4]
Equipment, net                 798 635 [4]
Data processing                 1,516 1,100 [4]
Consulting fees                 817 1,058 [4]
Federal deposit insurance premiums                 663 527 [4]
Other                 8,899 8,744 [5]
Total non-interest expense 8,163 6,957 6,771 6,640 8,413 7,401 6,365 5,938 28,531 28,117
Loss before income taxes                 (2,734) (1,639)
Income tax expense 82 0 0 37 (31) 67 79 13 119 128 [2]
Net loss $ (2,034) $ (893) $ (251) $ 325 $ (1,489) $ 156 $ (563) $ 129 $ (2,853) $ (1,767) [4],[6]
Loss per common share:                    
Loss Per Share, Basic (in dollars per share) $ (0.55) $ (0.24) $ (0.07) $ 0.04 $ (0.40) $ 0.02 $ (0.15) $ 0.01 $ (0.77) $ (0.48)
Loss Per Share, Diluted (in dollars per share) $ (0.55) $ (0.24) $ (0.07) $ 0.04 $ (0.40) $ 0.02 $ (0.15) $ 0.01 $ (0.77) $ (0.48)
[1] (1) March 31, 2016 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Notes 1 and 19 for further detail.
[2] (1) March 31, 2016 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Equity in net loss from subsidiaries was increased and total income was reduced by $1.5 million, interest expense on borrowings and total expense were increased by $66 thousand, and net loss and comprehensive loss were increased $1.6 million. Refer to Notes 1 and 19 for further detail.
[3] (a) March 31, 2016 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Notes 1 and 19 for further detail.
[4] (1) March 31, 2015 and 2016 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Notes 1 and 19 for further detail.
[5] (1) March 31, 2016 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Notes 1 and 19 for further detail.
[6] (1) March 31, 2016 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Net loss was increased by $1.6 million, equity in net loss of subsidiaries was increased by $1.5 million and increase in other liabilities was increased by $66 thousand. Refer to Notes 1 and 19 for further detail.