CARVER BANCORP INC
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 14, 2024
CARV$1.50+3.4%Stored close · as of Jul 8, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Three Months Ended December 31, | Nine Months Ended December 31, | |||
|---|---|---|---|---|
| $ in thousands, except per share data | 2023 | 2022 | 2023 | 2022 |
| Interest income: | ||||
| Loans | $7,336 | $6,380 | $21,203 | $18,362 |
| Mortgage-backed securities | 145 | 150 | 439 | 465 |
| Investment securities | 289 | 273 | 835 | 639 |
| Money market investments | 704 | 395 | 1,801 | 830 |
| Total interest income | 8,474 | 7,198 | 24,278 | 20,296 |
| Interest expense: | ||||
| Deposits | 2,387 | 1,128 | 6,112 | 2,366 |
| Advances and other borrowed money | 606 | 327 | 1,784 | 870 |
| Total interest expense | 2,993 | 1,455 | 7,896 | 3,236 |
| Net interest income | 5,481 | 5,743 | 16,382 | 17,060 |
| (Recovery of) provision for credit losses | (97) | 305 | 77 | 89 |
| Net interest income after (recovery of) provision for credit losses | 5,578 | 5,438 | 16,305 | 16,971 |
| Non-interest income: | ||||
| Depository fees and charges | 543 | 561 | 1,678 | 1,669 |
| Loan fees and service charges | 101 | 72 | 357 | 329 |
| Gain on sale of loans, net | — | 107 | — | 107 |
| Grant income | 1,401 | 162 | 2,003 | 324 |
| Other | 490 | 90 | 715 | 371 |
| Total non-interest income | 2,535 | 992 | 4,753 | 2,800 |
| Non-interest expense: | ||||
| Employee compensation and benefits | 3,452 | 3,239 | 10,097 | 9,725 |
| Net occupancy expense | 1,147 | 1,135 | 3,428 | 3,394 |
| Equipment, net | 470 | 593 | 1,534 | 1,633 |
| Data processing | 757 | 639 | 2,265 | 1,903 |
| Consulting fees | 133 | 86 | 370 | 400 |
| Federal deposit insurance premiums | 132 | 102 | 415 | 292 |
| Other | 2,003 | 1,725 | 5,937 | 5,325 |
| Total non-interest expense | 8,094 | 7,519 | 24,046 | 22,672 |
| Income (loss) before income taxes | 19 | (1,089) | (2,988) | (2,901) |
| Income tax expense | — | — | — | — |
| Net income (loss) | $19 | $(1,089) | $(2,988) | $(2,901) |
| Earnings (loss) per common share: | ||||
| Basic | $— | $(0.25) | $(0.63) | $(0.68) |
| Diluted | — | (0.25) | (0.63) | (0.68) |
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