[ ]
|
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
[X]
|
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
|
For the transition period from October 1, 2011 to December 31, 2011
|
Maryland | 68-0666697 |
(State or other jurisdiction of incorporation | (I.R.S. Employer |
or organization) | Identification Number) |
500 12th Avenue South, Nampa, Idaho | 83651 |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: | (208) 466-4634 |
PART I – FINANCIAL INFORMATION
|
||
ITEM 1. FINANCIAL STATEMENTS
|
2 | |
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS
|
28 | |
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
|
42 | |
ITEM 4. CONTROLS AND PROCEDURES
|
43 | |
PART II – OTHER INFORMATION | ||
ITEM 1. LEGAL PROCEEDINGS
|
44 | |
ITEM 1A. RISK FACTORS
|
44 | |
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
|
44 | |
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
|
44 | |
ITEM 4. REMOVED AND RESERVED
|
44 | |
ITEM 5. OTHER INFORMATION
|
44 | |
ITEM 6. EXHIBITS | 45 | |
SIGNATURES
|
46 |
HOME FEDERAL BANCORP, INC. AND SUBSIDIARY
|
||||||||
CONSOLIDATED BALANCE SHEETS
|
||||||||
(In thousands, except share data) (unaudited)
|
||||||||
December 31,
|
September 30,
|
|||||||
2011
|
2011
|
|||||||
ASSETS
|
||||||||
Cash and cash equivalents
|
$ | 144,293 | $ | 190,734 | ||||
Investments available-for-sale, at fair value
|
399,877 | 380,847 | ||||||
Loans held for sale
|
-- | 2,088 | ||||||
Loans and leases receivable, net of allowance for loan and lease losses of $14,171 and $14,365
|
449,908 | 468,213 | ||||||
Accrued interest receivable
|
2,857 | 2,800 | ||||||
FDIC indemnification receivable, net
|
23,676 | 33,863 | ||||||
Bank owned life insurance
|
15,450 | 12,848 | ||||||
Real estate owned and other repossessed assets
|
19,827 | 23,438 | ||||||
Federal Home Loan Bank (“FHLB”) stock, at cost
|
17,717 | 17,717 | ||||||
Property and equipment, net
|
31,522 | 32,743 | ||||||
Core deposit intangible
|
3,086 | 3,246 | ||||||
Other assets
|
8,221 | 8,691 | ||||||
TOTAL ASSETS
|
$ | 1,116,434 | $ | 1,177,228 | ||||
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
||||||||
LIABILITIES
|
||||||||
Deposit accounts:
|
||||||||
Noninterest-bearing demand
|
$ | 127,553 | $ | 141,040 | ||||
Interest-bearing demand
|
249,215 | 251,347 | ||||||
Money market
|
178,377 | 177,183 | ||||||
Savings
|
78,492 | 79,640 | ||||||
Certificates
|
272,462 | 310,299 | ||||||
Total deposit accounts
|
906,099 | 959,509 | ||||||
Advances by borrowers for taxes and insurance
|
358 | 1,333 | ||||||
Accrued interest payable
|
219 | 249 | ||||||
Repurchase agreements
|
4,913 | 4,892 | ||||||
Deferred compensation
|
5,871 | 5,797 | ||||||
Other liabilities
|
7,704 | 10,794 | ||||||
Total liabilities
|
925,164 | 982,574 | ||||||
STOCKHOLDERS’ EQUITY
|
||||||||
Serial preferred stock, $.01 par value; 10,000,000 authorized; issued and outstanding: none
|
-- | -- | ||||||
Common stock, $.01 par value; 90,000,000 authorized; issued
and outstanding:
|
157 | 161 | ||||||
Dec. 31, 2011 - 17,512,197 issued; 15,664,706 outstanding
|
||||||||
Sep. 30, 2011 - 17,512,197 issued; 16,057,434 outstanding
|
||||||||
Additional paid-in capital
|
143,280 | 147,057 | ||||||
Retained earnings
|
49,443 | 48,886 | ||||||
Unearned shares issued to employee stock ownership plan
|
(7,581 | ) | (7,615 | ) | ||||
Accumulated other comprehensive income
|
5,971 | 6,165 | ||||||
Total stockholders’ equity
|
191,270 | 194,654 | ||||||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
|
$ | 1,116,434 | $ | 1,177,228 |
HOME FEDERAL BANCORP, INC. AND SUBSIDIARY
|
||||||||
CONSOLIDATED STATEMENTS OF OPERATIONS
|
||||||||
(In thousands, except share and per share data) (unaudited)
|
||||||||
Three Months Ended
December 31,
|
||||||||
2011
|
2010
|
|||||||
Interest and dividend income:
|
||||||||
Loans and leases
|
$ | 13,375 | $ | 9,347 | ||||
Investment securities
|
2,091 | 1,684 | ||||||
Other interest and dividends
|
101 | 213 | ||||||
Total interest and dividend income
|
15,567 | 11,244 | ||||||
Interest expense:
|
||||||||
Deposits
|
1,212 | 2,266 | ||||||
FHLB advances and other borrowings
|
21 | 664 | ||||||
Total interest expense
|
1,233 | 2,930 | ||||||
Net interest income
|
14,334 | 8,314 | ||||||
Provision for loan losses
|
(474 | ) | 3,000 | |||||
Net interest income after provision for loan losses
|
14,808 | 5,314 | ||||||
Noninterest income:
|
||||||||
Service charges and fees
|
2,246 | 2,459 | ||||||
Gain on sale of loans
|
181 | 348 | ||||||
Gain on sale of securities
|
590 | -- | ||||||
Gain on sale of fixed assets and repossessed assets
|
328 | 274 | ||||||
FDIC indemnification recovery
|
(515 | ) | 1,996 | |||||
Accretion (impairment) of FDIC indemnification asset
|
(4,667 | ) | 922 | |||||
Other
|
206 | 304 | ||||||
Total noninterest income
|
(1,631 | ) | 6,303 | |||||
Noninterest expense:
|
||||||||
Compensation and benefits
|
5,866 | 7,094 | ||||||
Occupancy and equipment
|
1,476 | 1,845 | ||||||
Data processing
|
1,023 | 1,177 | ||||||
Advertising
|
145 | 213 | ||||||
Postage and supplies
|
287 | 254 | ||||||
Professional services
|
535 | 718 | ||||||
Insurance and taxes
|
707 | 1,049 | ||||||
Amortization of intangibles
|
160 | 195 | ||||||
Provision for REO
|
482 | 675 | ||||||
Other
|
335 | 599 | ||||||
Total noninterest expense
|
11,016 | 13,819 | ||||||
Income (loss) before income taxes
|
2,161 | (2,202 | ) | |||||
Income tax provision (benefit)
|
785 | (871 | ) | |||||
Net income (loss)
|
$ | 1,376 | $ | (1,331 | ) | |||
Earnings (loss) per common share:
|
||||||||
Basic
|
$ | 0.09 | $ | (0.08 | ) | |||
Diluted
|
0.09 | (0.08 | ) | |||||
Weighted average number of shares outstanding:
|
||||||||
Basic
|
14,991,807 | 15,663,436 | ||||||
Diluted
|
14,991,807 | 15,663,436 | ||||||
Dividends declared per share:
|
$ | 0.055 | $ | 0.055 |
HOME FEDERAL BANCORP, INC. AND SUBSIDIARY
|
||||||||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE
|
||||||||
INCOME (LOSS) (In thousands) (unaudited)
|
||||||||
Three Months Ended
December 31,
|
||||||||
2011
|
2010
|
|||||||
Net income (loss)
|
$ | 1,376 | $ | (1,331 | ) | |||
Other comprehensive income (loss):
|
||||||||
Change in unrealized holding gain (loss) on investments
available for sale, net of taxes of $106 and ($1,344),
respectively
|
166 | (2,107 | ) | |||||
Adjustment for realized gains on sales of investments,
net of taxes of ($230) and $0, respectively
|
(360 | ) | -- | |||||
Other comprehensive loss
|
(194 | ) | (2,107 | ) | ||||
Comprehensive income (loss)
|
$ | 1,182 | $ | (3,438 | ) |
Common Stock |
Additional
|
|
Unearned
Shares
Issued to
|
Accumulated
Other
Comprehensive
|
||||||||||||||||||||||||
Shares
|
Amount
|
Capital
|
Earnings
|
ESOP
|
Income (Loss)
|
Total
|
||||||||||||||||||||||
Balance at October 1, 2010
|
16,687,561 | $ | 167 | $ | 152,682 | $ | 56,942 | $ | (8,657 | ) | $ | 3,954 | $ | 205,088 | ||||||||||||||
Restricted stock issued, net of forfeitures
|
26,169 | -- | -- | |||||||||||||||||||||||||
ESOP shares committed to be released
|
190 | 1,042 | 1,232 | |||||||||||||||||||||||||
Exercise of stock options
|
51,886 | 1 | 541 | 542 | ||||||||||||||||||||||||
Share-based compensation
|
855 | 855 | ||||||||||||||||||||||||||
Stock repurchase
|
(708,182 | ) | (7 | ) | (7,413 | ) | (7,420 | ) | ||||||||||||||||||||
Dividends paid ($0.220 per share)
|
(3,427 | ) | (3,427 | ) | ||||||||||||||||||||||||
Tax adjustments for equity comp. plans
|
202 | 202 | ||||||||||||||||||||||||||
Net loss
|
(4,629 | ) | (4,629 | ) | ||||||||||||||||||||||||
Other comprehensive income
|
2,211 | 2,211 | ||||||||||||||||||||||||||
Balance at September 30, 2011
|
16,057,434 | 161 | 147,057 | 48,886 | (7,615 | ) | 6,165 | 194,654 | ||||||||||||||||||||
Restricted stock issued, net of forfeitures
|
(2,597 | ) | -- | |||||||||||||||||||||||||
ESOP shares committed to be released
|
1 | 34 | 35 | |||||||||||||||||||||||||
Share-based compensation
|
126 | 126 | ||||||||||||||||||||||||||
Stock repurchase
|
(390,131 | ) | (4 | ) | (3,905 | ) | (3,909 | ) | ||||||||||||||||||||
Dividends paid ($0.055 per share)
|
(819 | ) | (819 | ) | ||||||||||||||||||||||||
Tax adjustments for equity comp. plans
|
1 | 1 | ||||||||||||||||||||||||||
Net income
|
1,376 | 1,376 | ||||||||||||||||||||||||||
Other comprehensive loss
|
(194 | ) | (194 | ) | ||||||||||||||||||||||||
Balance at December 31, 2011
|
15,664,706 | $ | 157 | $ | 143,280 | $ | 49,443 | $ | (7,581 | ) | $ | 5,971 | $ | 191,270 |
HOME FEDERAL BANCORP, INC. AND SUBSIDIARY
|
||||||||
CONSOLIDATED STATEMENTS OF CASH FLOWS
|
||||||||
(In thousands) (unaudited)
|
||||||||
Three Months Ended
December 31,
|
||||||||
2011
|
2010
|
|||||||
CASH FLOWS FROM OPERATING ACTIVITIES:
|
||||||||
Net income (loss)
|
$ | 1,376 | $ | (1,331 | ) | |||
Adjustments to reconcile net income (loss) to cash provided by operating activities:
|
||||||||
Depreciation and amortization
|
767 | 636 | ||||||
Amortization of core deposit intangible
|
160 | 195 | ||||||
Impairment (accretion) of FDIC indemnification receivable
|
4,667 | (922 | ) | |||||
Net amortization of premiums and discounts on investments
|
1,916 | 1,337 | ||||||
Gain on sale of loans, net
|
(181 | ) | (348 | ) | ||||
Gain on sale of securities available-for-sale, net
|
(590 | ) | -- | |||||
Gain on sale of fixed assets and repossessed assets, net
|
(328 | ) | (274 | ) | ||||
ESOP shares committed to be released
|
35 | 336 | ||||||
Share based compensation expense
|
126 | 196 | ||||||
Provision for loan losses
|
(474 | ) | 3,000 | |||||
Valuation provision on real estate and other property owned
|
482 | 675 | ||||||
Accrued deferred compensation expense, net
|
74 | 73 | ||||||
Net deferred loan fees
|
(11 | ) | (250 | ) | ||||
Proceeds from sale of loans held for sale
|
4,930 | 13,356 | ||||||
Originations of loans held for sale
|
(2,662 | ) | (11,136 | ) | ||||
Net increase in cash surrender value of bank owned life insurance
|
(102 | ) | (105 | ) | ||||
Change in assets and liabilities:
|
||||||||
Interest receivable
|
(57 | ) | (211 | ) | ||||
Other assets
|
470 | (3,380 | ) | |||||
Interest payable
|
(30 | ) | (53 | ) | ||||
Other liabilities
|
(3,089 | ) | (1,926 | ) | ||||
Net cash provided from (used by) operating activities
|
7,479 | (132 | ) | |||||
CASH FLOWS FROM INVESTING ACTIVITIES:
|
||||||||
Principal repayments, maturities and calls of securities available for sale
|
44,905 | 31,059 | ||||||
Proceeds from sales of securities available for sale
|
27,423 | -- | ||||||
Purchase of securities available for sale
|
(93,002 | ) | (186,860 | ) | ||||
Reimbursement of loan losses under loss share agreement
|
5,063 | -- | ||||||
Net decrease in loans
|
14,974 | 41,301 | ||||||
Proceeds from sales of fixed assets and repossessed assets
|
8,488 | 7,446 | ||||||
Purchases of property and equipment
|
(179 | ) | (887 | ) | ||||
Purchase of bank-owned life insurance
|
(2,500 | ) | -- | |||||
Net cash provided from (used by) investing activities
|
5,172 | (107,941 | ) | |||||
CASH FLOWS FROM FINANCING ACTIVITIES:
|
||||||||
Net decrease in deposits
|
(53,410 | ) | (84,050 | ) | ||||
Net decrease in advances by borrowers for taxes and insurance
|
(975 | ) | (4,119 | ) | ||||
Repayment of FHLB borrowings
|
-- | (6,604 | ) | |||||
Net increase (decrease) in securities sold under obligation to repurchase
|
21 | (650 | ) | |||||
Proceeds from exercise of stock options
|
-- | 186 | ||||||
Repurchases of common stock
|
(3,909 | ) | -- | |||||
Dividends paid
|
(819 | ) | (870 | ) | ||||
Net cash used by financing activities
|
(59,092 | ) | (96,107 | ) | ||||
NET DECREASE IN CASH AND CASH EQUIVALENTS
|
(46,441 | ) | (204,180 | ) | ||||
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
|
190,734 | 416,426 | ||||||
CASH AND CASH EQUIVALENTS, END OF PERIOD
|
$ | 144,293 | $ | 212,246 |
HOME FEDERAL BANCORP, INC. AND SUBSIDIARY
|
||||||||
CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)
|
||||||||
(In thousands) (unaudited)
|
||||||||
Three Months Ended
December 31,
|
||||||||
2011
|
2010
|
|||||||
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
|
||||||||
Cash paid during the period for:
|
||||||||
Interest
|
$ | 1,263 | $ | 2,983 | ||||
Taxes
|
3,800 | (49 | ) | |||||
NONCASH INVESTING AND FINANCING ACTIVITIES:
|
||||||||
Acquisition of real estate owned and other assets in settlement of loans
|
$ | 3,881 | $ | 4,667 | ||||
Fair value adjustment to securities available-for-sale, net of taxes
|
(194 | ) | (2,107 | ) |
Three Months Ended
December 31,
|
||||||||
2011
|
2010
|
|||||||
Net income (loss)
|
$ | 1,376 | $ | (1,331 | ) | |||
Allocated to participating securities
|
(11 | ) | (14 | ) | ||||
Net income (loss) allocated to common shareholders
|
$ | 1,365 | $ | (1,317 | ) | |||
Weighted average common shares outstanding, including
shares considered participating securities
|
15,116,327 | 15,830,261 | ||||||
Less: Average participating securities
|
(124,520 | ) | (166,825 | ) | ||||
Weighted average shares
|
14,991,807 | 15,663,436 | ||||||
Net effect of dilutive restricted stock
|
-- | -- | ||||||
Weighted average shares and common stock equivalents
|
14,991,807 | 15,663,436 | ||||||
Income (loss) per common share:
|
||||||||
Basic
|
$ | 0.09 | $ | (0.08 | ) | |||
Diluted
|
0.09 | (0.08 | ) | |||||
Options excluded from the calculation due to their anti-
dilutive effect on EPS
|
895,529 | 886,381 |
Amortized
Cost
|
Gross
Unrealized
Gains
|
Gross
Unrealized
Losses
|
Fair Value
|
Percent of
Total
|
||||||||||||||||
December 31, 2011
|
||||||||||||||||||||
Obligations of U.S. Government-sponsored enterprises (“GSE”)
|
$ | 65,345 | $ | 650 | $ | (11 | ) | $ | 65,984 | 16.5 | % | |||||||||
Obligations of states and political subdivisions
|
20,850 | 992 | (33 | ) | 21,809 | 5.4 | ||||||||||||||
Corporate note, FDIC-guaranteed
|
1,005 | 2 | -- | 1,007 | 0.3 | |||||||||||||||
Mortgage-backed securities, GSE-issued
|
302,539 | 8,480 | (253 | ) | 310,766 | 77.7 | ||||||||||||||
Mortgage-backed securities, private label
|
357 | -- | (46 | ) | 311 | 0.1 | ||||||||||||||
Total
|
$ | 390,096 | $ | 10,124 | $ | (343 | ) | $ | 399,877 | 100.0 | % | |||||||||
September 30, 2011
|
||||||||||||||||||||
Obligations of U.S. GSE
|
$ | 81,751 | $ | 581 | $ | (29 | ) | $ | 82,303 | 21.6 | % | |||||||||
Obligations of states and political subdivisions
|
14,855 | 750 | -- | 15,605 | 4.1 | |||||||||||||||
Corporate note, FDIC-guaranteed
|
1,008 | 3 | -- | 1,011 | 0.3 | |||||||||||||||
Mortgage-backed securities, GSE-issued
|
272,765 | 8,908 | (70 | ) | 281,603 | 73.9 | ||||||||||||||
Mortgage-backed securities, private label
|
369 | -- | (44 | ) | 325 | 0.1 | ||||||||||||||
Total
|
$ | 370,748 | $ | 10,242 | $ | (143 | ) | $ | 380,847 | 100.0 | % |
Less Than 12 Months
|
12 Months or Longer
|
Total
|
||||||||||||||||||||||
Fair Value
|
Unrealized Losses
|
Fair Value
|
Unrealized Losses
|
Fair Value
|
Unrealized Losses
|
|||||||||||||||||||
December 31, 2011
|
||||||||||||||||||||||||
Obligations of U.S. GSE
|
$ | 1,739 | $ | (11 | ) | $ | -- | $ | -- | $ | 1,739 | $ | (11 | ) | ||||||||||
Obligations of states and political subdivisions
|
2,802 | (33 | ) | -- | -- | 2,802 | (33 | ) | ||||||||||||||||
Mortgage-backed securities, GSE-issued
|
38,732 | (245 | ) | 4,010 | (8 | ) | 42,742 | (253 | ) | |||||||||||||||
Mortgage-backed securities, private label
|
-- | -- | 311 | (46 | ) | 311 | (46 | ) | ||||||||||||||||
Total
|
$ | 43,273 | $ | (289 | ) | $ | 4,321 | $ | (54 | ) | $ | 47,594 | $ | (343 | ) | |||||||||
September 30, 2011
|
||||||||||||||||||||||||
Obligations of U.S. GSE
|
$ | 8,159 | $ | (22 | ) | $ | 2,454 | $ | (7 | ) | $ | 10,613 | $ | (29 | ) | |||||||||
Mortgage-backed securities, GSE-issued
|
13,654 | (70 | ) | 10 | -- | 13,664 | (70 | ) | ||||||||||||||||
Mortgage-backed securities, private label
|
-- | -- | 325 | (44 | ) | 325 | (44 | ) | ||||||||||||||||
Total
|
$ | 21,813 | $ | (92 | ) | $ | 2,789 | $ | (51 | ) | $ | 24,602 | $ | (143 | ) |
December 31, 2011
|
September 30, 2011
|
|||||||||||||||
Amortized
Cost
|
Fair Value
|
Amortized
Cost
|
Fair Value
|
|||||||||||||
Due within one year
|
$ | 13,418 | $ | 13,455 | $ | 8,401 | $ | 8,421 | ||||||||
Due after one year through five years
|
23,982 | 24,175 | 53,779 | 54,058 | ||||||||||||
Due after five years through ten years
|
12,457 | 13,046 | 8,827 | 9,229 | ||||||||||||
Due after ten years
|
37,343 | 38,124 | 26,607 | 27,211 | ||||||||||||
Mortgage-backed securities
|
302,896 | 311,077 | 273,134 | 281,928 | ||||||||||||
Total
|
$ | 390,096 | $ | 399,877 | $ | 370,748 | $ | 380,847 |
December 31, 2011
|
September 30, 2011
|
|||||||||||||||
Amortized
Cost
|
Fair
Value
|
Amortized
Cost
|
Fair
Value
|
|||||||||||||
FHLB borrowing line of credit
|
$ | 33,782 | $ | 36,460 | $ | 36,752 | $ | 39,838 | ||||||||
Federal Reserve Bank
|
1,787 | 1,874 | 1,986 | 2,128 | ||||||||||||
Repurchase agreements
|
7,458 | 7,858 | 8,218 | 8,604 | ||||||||||||
Deposits of municipalities and public units
|
15,499 | 16,513 | 17,329 | 18,191 | ||||||||||||
Total
|
$ | 58,526 | $ | 62,705 | $ | 64,285 | $ | 68,761 |
December 31, 2011
|
September 30, 2011
|
|||||||||||||||
Amount
|
Percent
of Gross
|
Amount
|
Percent
of Gross
|
|||||||||||||
Real estate:
|
||||||||||||||||
One-to-four family residential
|
$ | 118,867 | 25.6 | % | $ | 125,640 | 26.0 | % | ||||||||
Multifamily residential
|
17,572 | 3.8 | 18,418 | 3.8 | ||||||||||||
Commercial
|
206,215 | 44.3 | 205,929 | 42.6 | ||||||||||||
Total real estate
|
342,654 | 73.7 | 349,987 | 72.4 | ||||||||||||
Real estate construction:
|
||||||||||||||||
One-to-four family residential
|
9,355 | 2.0 | 9,054 | 1.9 | ||||||||||||
Multifamily residential
|
-- | -- | 111 | -- | ||||||||||||
Commercial and land development
|
16,928 | 3.6 | 16,174 | 3.3 | ||||||||||||
Total real estate construction
|
26,283 | 5.6 | 25,339 | 5.2 | ||||||||||||
Consumer:
|
||||||||||||||||
Home equity
|
47,192 | 10.2 | 48,901 | 10.1 | ||||||||||||
Automobile
|
946 | 0.2 | 980 | 0.2 | ||||||||||||
Other consumer
|
4,580 | 1.0 | 5,473 | 1.2 | ||||||||||||
Total consumer
|
52,718 | 11.4 | 55,354 | 11.5 | ||||||||||||
Commercial business
|
40,953 | 8.8 | 49,777 | 10.3 | ||||||||||||
Leases
|
2,159 | 0.5 | 2,821 | 0.6 | ||||||||||||
Gross loans
|
464,767 | 100.0 | % | 483,278 | 100.0 | % | ||||||||||
Deferred loan fees
|
(688 | ) | (700 | ) | ||||||||||||
Allowance for loan losses
|
(14,171 | ) | (14,365 | ) | ||||||||||||
Loans receivable, net
|
$ | 449,908 | $ | 468,213 |
December 31, 2011
|
||||||||||||||||||||||||||||
Nonperforming Loans
|
||||||||||||||||||||||||||||
Nonaccrual
|
Past Due 90
or More
Days,
Still Accruing
|
Total
|
Loans
Delinquent
30-59 Days
|
Loans
Delinquent
60-89 Days
|
Loans Not
Past Due
|
Total
Loans
|
||||||||||||||||||||||
Noncovered loans
|
||||||||||||||||||||||||||||
Real estate:
|
||||||||||||||||||||||||||||
One-to-four family residential
|
$ | 5,446 | $ | -- | $ | 5,446 | $ | 1,435 | $ | 149 | $ | 96,307 | $ | 103,337 | ||||||||||||||
Multifamily residential
|
-- | -- | -- | -- | -- | 13,184 | 13,184 | |||||||||||||||||||||
Commercial real estate
|
7,601 | -- | 7,601 | -- | -- | 137,480 | 145,081 | |||||||||||||||||||||
Total real estate
|
13,047 | -- | 13,047 | 1,435 | 149 | 246,971 | 261,602 | |||||||||||||||||||||
Real estate construction:
|
||||||||||||||||||||||||||||
One-to-four family residential
|
415 | -- | 415 | -- | -- | 7,921 | 8,336 | |||||||||||||||||||||
Multifamily residential
|
-- | -- | -- | -- | -- | -- | -- | |||||||||||||||||||||
Commercial real estate
|
1,132 | -- | 1,132 | -- | -- | 8,778 | 9,910 | |||||||||||||||||||||
Total real estate construction
|
1,547 | -- | 1,547 | -- | -- | 16,699 | 18,246 | |||||||||||||||||||||
Consumer:
|
||||||||||||||||||||||||||||
Home equity
|
676 | -- | 676 | 55 | 114 | 33,894 | 34,739 | |||||||||||||||||||||
Automobile
|
-- | -- | -- | -- | -- | 665 | 665 | |||||||||||||||||||||
Other consumer
|
2 | -- | 2 | 6 | 8 | 3,620 | 3,636 | |||||||||||||||||||||
Total consumer
|
678 | -- | 678 | 61 | 122 | 38,179 | 39,040 | |||||||||||||||||||||
Commercial business
|
422 | -- | 422 | -- | -- | 5,796 | 6,218 | |||||||||||||||||||||
Leases
|
-- | -- | -- | -- | -- | 257 | 257 | |||||||||||||||||||||
Total noncovered loans
|
15,694 | -- | 15,694 | 1,496 | 271 | 307,902 | 325,363 | |||||||||||||||||||||
Covered loans
|
||||||||||||||||||||||||||||
Real estate:
|
||||||||||||||||||||||||||||
One-to-four family residential
|
753 | -- | 753 | -- | -- | 14,880 | 15,633 | |||||||||||||||||||||
Multifamily residential
|
1,372 | -- | 1,372 | -- | -- | 3,016 | 4,388 | |||||||||||||||||||||
Commercial real estate
|
5,934 | -- | 5,934 | -- | -- | 55,200 | 61,134 | |||||||||||||||||||||
Total real estate
|
8,059 | -- | 8,059 | -- | -- | 73,096 | 81,155 | |||||||||||||||||||||
Real estate construction:
|
||||||||||||||||||||||||||||
One-to-four family residential
|
666 | -- | 666 | -- | -- | 353 | 1,019 | |||||||||||||||||||||
Multifamily residential
|
-- | -- | -- | -- | -- | -- | -- | |||||||||||||||||||||
Commercial real estate
|
1,341 | -- | 1,341 | 311 | -- | 5,366 | 7,018 | |||||||||||||||||||||
Total real estate construction
|
2,007 | -- | 2,007 | 311 | -- | 5,719 | 8,037 | |||||||||||||||||||||
Consumer:
|
||||||||||||||||||||||||||||
Home equity
|
209 | -- | 209 | -- | -- | 12,405 | 12,614 | |||||||||||||||||||||
Automobile
|
-- | -- | -- | -- | -- | 281 | 281 | |||||||||||||||||||||
Other consumer
|
5 | -- | 5 | -- | -- | 973 | 978 | |||||||||||||||||||||
Total consumer
|
214 | -- | 214 | -- | -- | 13,659 | 13,873 | |||||||||||||||||||||
Commercial business
|
160 | -- | 160 | -- | -- | 34,844 | 35,004 | |||||||||||||||||||||
Leases
|
-- | -- | -- | -- | -- | 1,902 | 1,902 | |||||||||||||||||||||
Total covered loans
|
10,440 | -- | 10,440 | 311 | -- | 129,220 | 139,971 | |||||||||||||||||||||
Total gross loans
|
$ | 26,134 | $ | -- | $ | 26,134 | $ | 1,807 | $ | 271 | $ | 437,122 | $ | 465,334 |
September 30, 2011
|
||||||||||||||||||||||||||||
Nonperforming Loans
|
||||||||||||||||||||||||||||
Nonaccrual
|
Past Due 90
or More
Days, Still Accruing
|
Total
|
Loans
Delinquent
30-59 Days
|
Loans
Delinquent
60-89 Days
|
Loans Not
Past Due
|
Total
Loans
|
||||||||||||||||||||||
Noncovered loans
|
||||||||||||||||||||||||||||
Real estate:
|