|
Consolidated Statements Of Operations And Comprehensive Earnings (Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
|
3 Months Ended |
9 Months Ended |
|
Sep. 30, 2011
|
Sep. 30, 2010
|
Sep. 30, 2011
|
Sep. 30, 2010
|
| Consolidated Statements Of Operations And Comprehensive Earnings (Loss) [Abstract] |
|
|
|
|
| Interest and fees on loans receivable |
$ 6,062 |
$ 7,231 |
$ 18,730 |
$ 22,186 |
| Interest on mortgage backed and other securities |
176 |
228 |
539 |
767 |
| Other interest income |
9 |
16 |
28 |
41 |
| Total interest income |
6,247 |
7,475 |
19,297 |
22,994 |
| Interest on deposits |
1,056 |
1,492 |
3,492 |
4,563 |
| Interest on borrowings |
859 |
865 |
2,699 |
2,511 |
| Total interest expense |
1,915 |
2,357 |
6,191 |
7,074 |
| Net interest income before provision for loan losses |
4,332 |
5,118 |
13,106 |
15,920 |
| Provision for loan losses |
3,814 |
1,740 |
8,488 |
2,623 |
| Net interest income after provision for loan losses |
518 |
3,378 |
4,618 |
13,297 |
| Non-interest income: |
|
|
|
|
| Service charges |
176 |
275 |
533 |
677 |
| Net gains (losses) on mortgage banking activities |
(80) |
13 |
(73) |
(72) |
| Net losses on sale of REO |
(7) |
(53) |
(56) |
(88) |
| Other |
25 |
788 |
90 |
962 |
| Total non-interest income |
114 |
1,023 |
494 |
1,479 |
| Non-interest expense: |
|
|
|
|
| Compensation and benefits |
1,618 |
1,696 |
4,982 |
5,423 |
| Occupancy expense, net |
330 |
359 |
1,018 |
1,069 |
| Information services |
200 |
198 |
647 |
602 |
| Professional services |
284 |
214 |
744 |
810 |
| Provision for losses on loans held-for-sale |
702 |
556 |
728 |
1,103 |
| Provision for losses on REO |
1,251 |
669 |
2,033 |
780 |
| FDIC insurance |
144 |
233 |
781 |
695 |
| Office services and supplies |
135 |
147 |
417 |
424 |
| Other |
447 |
516 |
1,380 |
1,059 |
| Total non-interest expense |
5,111 |
4,588 |
12,730 |
11,965 |
| Earnings (loss) before income taxes |
(4,479) |
(187) |
(7,618) |
2,811 |
| Income tax expense (benefit) |
3,055 |
(31) |
1,767 |
1,133 |
| Net earnings (loss) |
(7,534) |
(156) |
(9,385) |
1,678 |
| Other comprehensive income (loss), net of tax: |
|
|
|
|
| Unrealized gain (loss) on securities available for sale |
(11) |
(122) |
60 |
135 |
| Income tax effect |
(2) |
49 |
(30) |
(54) |
| Other comprehensive income (loss), net of tax |
(13) |
(73) |
30 |
81 |
| Comprehensive earnings (loss) |
(7,547) |
(229) |
(9,355) |
1,759 |
| Net earnings (loss) |
(7,534) |
(156) |
(9,385) |
1,678 |
| Dividends and discount accretion on preferred stock |
(264) |
(282) |
(830) |
(863) |
| Earnings (loss) available to common shareholders |
$ (7,798) |
$ (438) |
$ (10,215) |
$ 815 |
| Earnings (loss) per common share-basic |
$ (4.47) |
$ (0.25) |
$ (5.86) |
$ 0.47 |
| Earnings (loss) per common share-diluted |
$ (4.47) |
$ (0.25) |
$ (5.86) |
$ 0.47 |
| Dividends declared per share-common stock |
|
|
|
$ 0.01 |