CARVER BANCORP INC

For the period ended Jun 30, 2024. Filed Aug 14, 2024.

About this filing

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.

Jun 30, 2024 · Filed Aug 14, 2024

CARV$1.50+3.4%Stored close · as of Jul 8, 2026

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Contents

Consolidated Statements of Operations

	Three Months Ended June 30,
$ in thousands, except per share data	2024	2023
Interest income:
Loans	$8,067	$6,811
Mortgage-backed securities	140	149
Investment securities	292	301
Money market investments	708	533
Total interest income	9,207	7,794
Interest expense:
Deposits	3,111	1,714
Advances and other borrowed money	592	578
Total interest expense	3,703	2,292
Net interest income	5,504	5,502
Provision for credit losses	260	6
Net interest income after provision for credit losses	5,244	5,496
Non-interest income:
Depository fees and charges	538	577
Loan fees and service charges	(29)	64
Grant income	80	20
Other	116	94
Total non-interest income	705	755
Non-interest expense:
Employee compensation and benefits	3,501	3,321
Net occupancy expense	1,197	1,105
Equipment, net	580	477
Data processing	732	751
Consulting fees	79	100
Federal deposit insurance premiums	170	128
Other	1,902	1,790
Total non-interest expense	8,161	7,672
Loss before income taxes	(2,212)	(1,421)
Income tax expense	—	—
Net loss	$(2,212)	$(1,421)
Loss per common share:
Basic	$(0.43)	$(0.32)
Diluted	(0.43)	(0.32)

ContentsView on SEC.gov

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