Rendering

Component: (Network and Table)
Network
0004 - Statement - Consolidated Statements of Operations
(http://ffsmortgages.com/role/ConsolidatedStatementsOfOperations)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Income Statement [Abstract]Period [Axis]
2011-01-01 - 2011-12-31
2010-01-01 - 2010-12-31
Income Statement [Abstract]
 
 
Interest income
 
 
Loans and fees on loans
23,368,000  
27,588,000  
Investment securities
4,500,000  
2,884,000  
Due from Federal Reserve Bank
84,000  
208,000  
Interest-earning deposits with banks
76,000  
56,000  
Total interest income
28,028,000  
 
30,736,000  
 
Interest expense
 
 
Deposits
7,487,000  
9,868,000  
Federal funds purchased and securities sold under agreements to repurchase
6,000  
8,000  
Other borrowings
18,000  
415,000  
Total interest expense
7,511,000  
 
10,291,000  
 
Net interest income
20,517,000  
 
20,445,000  
 
Provision for loan loss
15,815,000  
12,462,000  
Net interest income after provision for loan losses
4,702,000  
 
7,983,000  
 
Noninterest income
 
 
Service charges on deposit accounts
1,484,000  
1,427,000  
Mortgage services revenue
1,980,000  
2,365,000  
Other service charges and fees
614,000  
498,000  
Increase in cash surrender value of life insurance
435,000  
462,000  
Gains on sales of investment securities, net
2,458,000  
1,720,000  
USDA/SBA loan sale and servicing revenue
629,000  
875,000  
Other income
1,062,000  
903,000  
Total noninterest income
8,662,000  
 
8,250,000  
 
Noninterest expense
 
 
Salaries and employee benefits
9,124,000  
11,065,000  
Occupancy
1,280,000  
1,914,000  
Equipment
934,000  
1,216,000  
Advertising
242,000  
488,000  
Data processing and telecommunications
2,112,000  
2,129,000  
Deposit insurance premiums
2,191,000  
2,222,000  
Professional fees
383,000  
876,000  
Printing and supplies
151,000  
257,000  
Foreclosed real estate
4,497,000  
2,313,000  
Loss on sale of repossessed assets
2,000  
9,000  
Debt extinguishment expense
 
188,000  
Dues and subscriptions
180,000  
188,000  
Postage
187,000  
232,000  
Loan legal
434,000  
313,000  
Loan appraisal
334,000  
211,000  
Other loan and real estate related expense
1,179,000  
9,000  
Corporate insurance
198,000  
94,000  
Other
1,027,000  
1,333,000  
Total noninterest expense
24,455,000  
 
25,057,000  
 
Loss before income taxes
(11,091,000) 
(8,824,000) 
Income tax expense (benefit)
9,388,000  
(3,521,000) 
Net loss
(20,479,000) 
 
(5,303,000) 
 
Accretion of preferred stock to redemption value
203,000  
203,000  
Dividends on preferred stock
818,000  
821,000  
Net loss available to common stockholders
(21,500,000) 
 
(6,327,000) 
 
Basic net loss per share
(4.18) 
(1.25) 
Diluted net loss per share
(4.18) 
(1.25) 
Basic weighted average shares outstanding
5,142,174  
5,077,111  
Diluted weighted average shares outstanding
5,142,174  
5,077,111