|
Consolidated Statements of Comprehensive Income (Loss) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2012
|
Sep. 30, 2011
|
Sep. 30, 2012
|
Sep. 30, 2011
|
|
| Net income (loss) | $ 825 | $ (760) | $ 2,408 | $ (1,364) |
| Other comprehensive income (loss): | ||||
| Change in unrealized gains on investments, and mortgage backed securities (“MBS”) available for sale, excluding non-credit loss on impairment of securities | 2,369 | 1,903 | 1,929 | 5,848 |
| Realized net gains reclassified from other comprehensive income | 0 | 0 | (585) | 0 |
| Non-credit loss on impairment on available-for-sale debt | 34 | 81 | 350 | 81 |
| Less deferred income tax benefit (provision) on securities | (951) | (785) | (671) | (2,346) |
| Change in fair value of qualifying cash flow hedge, net of tax | 0 | 22 | 330 | 29 |
| Net other comprehensive income (loss) | 1,452 | 1,221 | 1,353 | 3,612 |
| Comprehensive income | $ 2,277 | $ 461 | $ 3,761 | $ 2,248 |