2011 Q2 Form 10-K Financial Statement

#000104746912009110 Filed on September 26, 2012

View on sec.gov

Income Statement

Concept 2011 Q2 2011 Q1 2011
Revenue $3.791M $15.24M
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $88.00K $288.0K
YoY Change
% of Gross Profit
Depreciation & Amortization $100.0K $80.00K $324.0K
YoY Change 25.0% -38.46% 11.72%
% of Gross Profit
Operating Expenses $88.00K $288.0K
YoY Change
Operating Profit
YoY Change
Interest Expense $1.199M $4.947M
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.430M -$329.0K $3.665M
YoY Change 90.67% -131.04% -8.38%
Income Tax $530.0K -$132.0K $1.366M
% Of Pretax Income 37.06% 37.27%
Net Earnings $900.0K -$200.0K $2.299M
YoY Change 55.17% -130.3% -11.24%
Net Earnings / Revenue -5.28% 15.08%
Basic Earnings Per Share -$0.04 $0.81
Diluted Earnings Per Share $141.7K -$37.81K $0.81
COMMON SHARES
Basic Shares Outstanding 2.824M shares
Diluted Shares Outstanding 2.824M shares

Balance Sheet

Concept 2011 Q2 2011 Q1 2011
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $60.83M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $3.255M $3.300M $3.300M
YoY Change -7.0% -5.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $374.3M $377.0M $374.3M
YoY Change 12.23% 12.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.600M $1.500M $1.600M
YoY Change 23.08% 23.08%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.600M $1.500M $1.600M
YoY Change 23.08% 23.08%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.600M $1.500M $1.600M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $294.1M $297.6M $294.1M
YoY Change 7.36% 7.37%
SHAREHOLDERS EQUITY
Retained Earnings $61.52M
YoY Change
Common Stock $21.00M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $80.21M $79.40M $80.20M
YoY Change
Total Liabilities & Shareholders Equity $374.3M $377.0M $374.3M
YoY Change 12.23% 12.23%

Cashflow Statement

Concept 2011 Q2 2011 Q1 2011
OPERATING ACTIVITIES
Net Income $900.0K -$200.0K $2.299M
YoY Change 55.17% -130.3% -11.24%
Depreciation, Depletion And Amortization $100.0K $80.00K $324.0K
YoY Change 25.0% -38.46% 11.72%
Cash From Operating Activities $990.0K $1.820M $4.070M
YoY Change 28.57% 62.5% 74.68%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K $0.00 $15.00K
YoY Change -50.0% -100.0% -116.67%
Acquisitions
YoY Change
Other Investing Activities -$29.87M -$40.00K -$29.90M
YoY Change 406.27% -95.12% 29.94%
Cash From Investing Activities -$29.87M -$50.00K -$29.92M
YoY Change 404.56% -94.38% 29.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $17.29M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.630M 4.720M 36.88M
YoY Change -165.88% -11.28% 85.7%
NET CHANGE
Cash From Operating Activities 990.0K 1.820M 4.070M
Cash From Investing Activities -29.87M -50.00K -29.92M
Cash From Financing Activities -3.630M 4.720M 36.88M
Net Change In Cash -32.51M 6.490M 11.03M
YoY Change -9130.56% 16.94% -1312.09%
FREE CASH FLOW
Cash From Operating Activities $990.0K $1.820M $4.070M
Capital Expenditures -$10.00K $0.00 $15.00K
Free Cash Flow $1.000M $1.820M $4.055M
YoY Change 26.58% 52.94% 67.56%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2012 dei Entity Registrant Name
EntityRegistrantName
Oconee Federal Financial Corp.
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0001501078
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-06-30
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2012 dei Current Fiscal Year End Date
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CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
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CY2012 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2012 dei Document Fiscal Year Focus
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CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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CY2011Q4 dei Entity Public Float
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CY2012Q3 dei Entity Common Stock Shares Outstanding
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CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
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CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
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CY2012 us-gaap Use Of Estimates
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<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman',times,serif"> <tr> <td><font size="2"><i>&#160;&#160;&#160;&#160;&#160;&#160;&#160; Use of estimates:</i></font><font size="2">&#160;&#160;&#160;&#160;To prepare financial statements in conformity with U.S. generally accepted accounting principles, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the consolidated financial statements and the disclosures provided, and actual results could differ. The allowance for loan losses, real estate owned, carrying value of deferred tax assets and fair value of financial instruments are particularly subject to change.</font></td></tr></table></td></tr></table>
CY2012 us-gaap Prior Period Reclassification Adjustment Description
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CY2012 us-gaap Concentration Risk Credit Risk
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<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman',times,serif"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><i>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Concentration of Credit Risk and Other:</i></font><font size="2">&#160;&#160;&#160;&#160;The Company's business activity is principally with customers located in South Carolina. The Company requires its customers to provide collateral, generally in the form of title to real estate, for substantially all loans. Certain consumer loans are made to customers without requiring collateral. Except for loans in the Company's market area, the Company has no other significant concentrations of credit risk. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company places its cash and cash equivalents on deposit with financial institutions in the United States. The Federal Deposit Insurance Corporation ("FDIC") covers $250,000 for substantially all depository accounts. The Company from time to time may have amounts on deposit in excess of the insured limits, and management believes the risk of loss is not significant. </font></p></td></tr></table></td></tr></table>
CY2012 ofed Number Of Loan Portfolio Segments
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PropertyPlantAndEquipmentGross
6639000 USD
CY2012Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3456000 USD
CY2012Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3183000 USD
CY2011Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6538000 USD
CY2011Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3283000 USD
CY2012 us-gaap Depreciation
Depreciation
225000 USD
CY2011 us-gaap Depreciation
Depreciation
277000 USD
CY2012Q2 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
1540000 USD
CY2012Q2 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
249832000 USD
CY2011Q2 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
1677000 USD
CY2012 us-gaap Allowance For Loan And Lease Losses Provision For Loss Gross
AllowanceForLoanAndLeaseLossesProvisionForLossGross
270000 USD
CY2012 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
162000 USD
CY2012Q2 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
101000 USD
CY2012Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
2483000 USD
CY2012Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
249746000 USD
CY2011 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
274000 USD
CY2011Q2 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
22000 USD
CY2011Q2 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
727000 USD
CY2011Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
265331000 USD
CY2011Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
2008000 USD
CY2012Q2 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
2483000 USD
CY2012Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
2483000 USD
CY2012 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
2246000 USD
CY2012Q2 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
670000 USD
CY2012Q2 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
670000 USD
CY2012 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
1135000 USD
CY2012Q2 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
1813000 USD
CY2012Q2 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
101000 USD
CY2012 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
1111000 USD
CY2011Q2 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
408000 USD
CY2011 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
1517000 USD
CY2012Q2 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
245319000 USD
CY2011Q2 us-gaap Financing Receivable Recorded Investment30 To59 Days Past Due
FinancingReceivableRecordedInvestment30To59DaysPastDue
3795000 USD
CY2011Q2 us-gaap Financing Receivable Recorded Investment60 To89 Days Past Due
FinancingReceivableRecordedInvestment60To89DaysPastDue
325000 USD
CY2011Q2 us-gaap Financing Receivable Recorded Investment Equal To Greater Than90 Days Past Due
FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDue
1567000 USD
CY2011Q2 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
5687000 USD
CY2012Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
2157000 USD
CY2011Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
1567000 USD
CY2012Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
812000 USD
CY2011Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
831000 USD
CY2010Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
851000 USD
CY2011 us-gaap Loans And Leases Receivable Related Parties Collections
LoansAndLeasesReceivableRelatedPartiesCollections
20000 USD
CY2012 us-gaap Loans And Leases Receivable Related Parties Collections
LoansAndLeasesReceivableRelatedPartiesCollections
19000 USD
CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
307000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2572000 USD
CY2011 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1674000 USD
CY2011 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-520000 USD
CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-95000 USD
CY2011Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
320000 USD
CY2011Q2 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
438000 USD
CY2011Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
269000 USD
CY2011Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
99000 USD
CY2011Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1126000 USD
CY2011Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
56000 USD
CY2011Q2 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
52000 USD
CY2011Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
632000 USD
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0516 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Life Insurance
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseLifeInsurance
-0.0004 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.0006 pure
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.3906 pure
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1247000 USD
CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
142000 USD
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Life Insurance
IncomeTaxReconciliationNondeductibleExpenseLifeInsurance
-3000 USD
CY2011 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-21000 USD
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0394 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Life Insurance
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseLifeInsurance
-0.0010 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.0060 pure
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.3724 pure
CY2012 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
6367712 shares
CY2012 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
234424 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6050193 shares
CY2012Q2 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
22000 USD
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.65
CY2011 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
2939211 shares
CY2011 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
115217 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2823994 shares
CY2011Q2 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
34000 USD
CY2011Q2 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
408000 USD
CY2011Q2 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
22000 USD
CY2012 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
270000 USD
CY2012Q2 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
15585 shares
CY2012Q2 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
224981 shares
CY2012Q2 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
248842 shares
CY2011 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
51000 USD
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
50000 USD
CY2012Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
49000 USD
CY2012Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
49000 USD
CY2012Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
11000 USD
CY2012Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
111000 USD
CY2012Q2 ofed Federal Home Loan Bank Advances General Debt Obligations Disclosures Maximum Amount Available As Percentage Of Total Assets
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresMaximumAmountAvailableAsPercentageOfTotalAssets
0.11 pure
CY2012Q2 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
8276 shares
CY2012Q2 us-gaap Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
20456000 USD
CY2011Q2 us-gaap Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
18771000 USD
CY2012Q2 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
11988000 USD
CY2011Q2 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
10107000 USD
CY2012Q2 ofed Deposits Savings And Other Deposits
DepositsSavingsAndOtherDeposits
35152000 USD
CY2011Q2 ofed Deposits Savings And Other Deposits
DepositsSavingsAndOtherDeposits
34044000 USD
CY2012Q2 ofed Deposits Money Market Deposits Negotiable Order Of Withdrawal Now And Savings And Other Deposits
DepositsMoneyMarketDepositsNegotiableOrderOfWithdrawalNOWAndSavingsAndOtherDeposits
67596000 USD
CY2011Q2 ofed Deposits Money Market Deposits Negotiable Order Of Withdrawal Now And Savings And Other Deposits
DepositsMoneyMarketDepositsNegotiableOrderOfWithdrawalNOWAndSavingsAndOtherDeposits
62922000 USD
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1910000 USD
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
338000 USD
CY2011Q2 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
83890000 USD
CY2012Q2 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
86948000 USD
CY2012Q2 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
171040000 USD
CY2012Q2 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
45424000 USD
CY2012Q2 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
7776000 USD
CY2011Q2 us-gaap Available For Sale Securities
AvailableForSaleSecurities
30631000 USD
CY2011Q2 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
2288000 USD
CY2012Q2 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
876000 USD
CY2012 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
126000 USD
CY2012 ofed Service Agreement Term
ServiceAgreementTerm
P7Y
CY2011Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
494000 USD
CY2012Q2 ofed Unearned Esop Shares Fair Value Disclosure
UnearnedESOPSharesFairValueDisclosure
2924753000 USD
CY2012 ofed Number Of Classifications Provided By Prompt Corrective Action Regulations
NumberOfClassificationsProvidedByPromptCorrectiveActionRegulations
5 item
CY2012Q2 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits
PercentageOfInterestBearingDomesticDepositsToDeposits
1.000 pure
CY2011Q2 us-gaap Percentage Of Interest Bearing Domestic Deposits To Deposits
PercentageOfInterestBearingDomesticDepositsToDeposits
1.000 pure
CY2011 us-gaap Stockholders Equity Other
StockholdersEquityOther
50000 USD
CY2011 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
9000 USD
CY2011 us-gaap Noncash Contribution Expense
NoncashContributionExpense
1257000 USD
CY2011 us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
17000 USD
CY2011 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
50000 USD
CY2012 us-gaap Interest Expense Deposits
InterestExpenseDeposits
3202000 USD
CY2011Q2 us-gaap Deferred Tax Liabilities Tax Deferred Income
DeferredTaxLiabilitiesTaxDeferredIncome
304000 USD
CY2011 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
38000 USD
CY2012 us-gaap Fees And Commissions Depositor Accounts
FeesAndCommissionsDepositorAccounts
78000 USD
CY2012 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
126000 USD
CY2012 ofed Period Past Due For Loans On Nonaccrual Status Minimum
PeriodPastDueForLoansOnNonaccrualStatusMinimum
P90D
CY2012 ofed Period Past Due For Loans Still On An Accrual Basis Minimum
PeriodPastDueForLoansStillOnAnAccrualBasisMinimum
P90D
CY2012Q2 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
8733000 USD
CY2012Q2 us-gaap Available For Sale Securities
AvailableForSaleSecurities
64540000 USD
CY2011Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
267339000 USD
CY2012Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
252229000 USD
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
272000 USD
CY2012Q2 ofed Percentage Of Interest Bearing Domestic Deposit Savings And Other To Total Deposits Percentage
PercentageOfInterestBearingDomesticDepositSavingsAndOtherToTotalDepositsPercentage
0.1198 pure
CY2011Q2 ofed Percentage Of Interest Bearing Domestic Deposit Savings And Other To Total Deposits Percentage
PercentageOfInterestBearingDomesticDepositSavingsAndOtherToTotalDepositsPercentage
0.1163 pure
CY2012Q2 ofed Percentage Of Interest Bearing Deposit Liabilities Domestic Excluding Time Deposits To Total Deposits Percentage
PercentageOfInterestBearingDepositLiabilitiesDomesticExcludingTimeDepositsToTotalDepositsPercentage
0.2304 pure
CY2011Q2 ofed Percentage Of Interest Bearing Deposit Liabilities Domestic Excluding Time Deposits To Total Deposits Percentage
PercentageOfInterestBearingDepositLiabilitiesDomesticExcludingTimeDepositsToTotalDepositsPercentage
0.2151 pure
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
52000 USD
CY2012Q2 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
1532000 USD
CY2011Q2 ofed Deposits With Directors And Executive Officers
DepositsWithDirectorsAndExecutiveOfficers
1762000 USD
CY2012Q2 ofed Deposits With Directors And Executive Officers
DepositsWithDirectorsAndExecutiveOfficers
2063000 USD
CY2011Q2 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
82000 USD
CY2012Q2 us-gaap Unearned Esop Shares
UnearnedESOPShares
2252000 USD
CY2012Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
377753000 USD
CY2012 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
14264000 USD
CY2012 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
879000 USD
CY2012 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
53000 USD
CY2011 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
277000 USD
CY2012 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
291000 USD
CY2011 us-gaap Provision For Other Losses
ProvisionForOtherLosses
303000 USD
CY2012 us-gaap Provision For Other Losses
ProvisionForOtherLosses
346000 USD
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14977000 USD
CY2012Q2 ofed Federal Funds Sold And Interest Bearing Deposits In Banks
FederalFundsSoldAndInterestBearingDepositsInBanks
32635000 USD
CY2012Q2 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
854000 USD
CY2012Q2 us-gaap Interest Receivable
InterestReceivable
953000 USD
CY2012Q2 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
385000 USD
CY2012Q2 us-gaap Prepaid Insurance
PrepaidInsurance
345000 USD
CY2012Q2 us-gaap Other Assets
OtherAssets
522000 USD
CY2012Q2 us-gaap Assets
Assets
377753000 USD
CY2012Q2 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
3394000 USD
CY2012Q2 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
289974000 USD
CY2012Q2 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
1401000 USD
CY2012Q2 us-gaap Common Stock Value
CommonStockValue
64000 USD
CY2012Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
20880000 USD
CY2012Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
63693000 USD
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
599000 USD
CY2012 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
16000 USD
CY2012 us-gaap Labor And Related Expense
LaborAndRelatedExpense
2899000 USD
CY2012 us-gaap Occupancy Net
OccupancyNet
659000 USD
CY2012 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
298000 USD
CY2012 us-gaap Professional Fees
ProfessionalFees
442000 USD
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
145000 USD
CY2012 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
163000 USD
CY2012 ofed Charitable Contributions
CharitableContributions
2000 USD
CY2012 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-594000 USD
CY2012 us-gaap Other Noninterest Expense
OtherNoninterestExpense
349000 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
582000 USD
CY2012 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.65
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.81
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
57000 USD
CY2012 us-gaap Dividends Common Stock
DividendsCommonStock
1836000 USD
CY2012 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
217000 USD
CY2012 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
11449 shares
CY2012 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
87094 shares
CY2012 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
-137000 USD
CY2012 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
8000 USD
CY2012 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
217000 USD
CY2012 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
140000 USD
CY2012 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-32000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
57000 USD
CY2012 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
1992000 USD
CY2012 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
53581000 USD
CY2012 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
6669000 USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
2435000 USD
CY2012 us-gaap Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Mbs
ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesMBS
2241000 USD
CY2012 us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
7000 USD
CY2012 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
899000 USD
CY2012 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2058000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-1300000 USD
CY2012 us-gaap Interest Paid Net
InterestPaidNet
3234000 USD
CY2012 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
968000 USD
CY2012 us-gaap Available For Sale Securities Change In Net Unrealized Holding Gain Loss
AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLoss
463000 USD
CY2011Q2 ofed Held To Maturity And Available For Sale Securities Debt Maturities From One Through Five Years Amortized Cost
HeldToMaturityAndAvailableForSaleSecuritiesDebtMaturitiesFromOneThroughFiveYearsAmortizedCost
30387000 USD
CY2011Q2 ofed Held To Maturity And Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
HeldToMaturityAndAvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
9035000 USD
CY2011Q2 ofed Held To Maturity And Available For Sale Securities Debt Maturities Amortized Cost
HeldToMaturityAndAvailableForSaleSecuritiesDebtMaturitiesAmortizedCost
39422000 USD
CY2011Q2 ofed Held To Maturity And Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturityAndAvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
30603000 USD
CY2011Q2 ofed Held To Maturity And Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
HeldToMaturityAndAvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
9473000 USD
CY2011Q2 ofed Held To Maturity And Available For Sale Securities Debt Maturities Fair Value
HeldToMaturityAndAvailableForSaleSecuritiesDebtMaturitiesFairValue
40076000 USD
CY2011Q2 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
2008000 USD
CY2011Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
2008000 USD
CY2011 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
3360000 USD
CY2011Q2 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
4976 shares
CY2011Q2 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
243866 shares
CY2011Q2 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
248842 shares
CY2011Q2 ofed Unearned Esop Shares Fair Value Disclosure
UnearnedESOPSharesFairValueDisclosure
2933708000 USD
CY2012 us-gaap Distributed Earnings
DistributedEarnings
24000 USD
CY2012 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
28000 USD
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
12485 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6062678 shares
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2823994 shares
CY2012Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
314000 USD
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
435472 shares
CY2012Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
2000 USD
CY2012Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
43000 USD
CY2011 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
17292000 USD
CY2012 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
141000 USD
CY2012Q2 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
209000 USD
CY2011 us-gaap Net Income Loss
NetIncomeLoss
2299000 USD
CY2012 us-gaap Net Income Loss
NetIncomeLoss
4013000 USD
CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3961000 USD
CY2012Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
775000 USD
CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2299000 USD
CY2012 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
141000 USD
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
5000 USD
CY2010Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
888000 USD
CY2012Q2 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
81000 USD
CY2012Q2 us-gaap Deferred Tax Liabilities Tax Deferred Income
DeferredTaxLiabilitiesTaxDeferredIncome
279000 USD
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
-119000 USD
CY2012Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
55000 USD
CY2012Q2 us-gaap Deferred Tax Liabilities Investments
DeferredTaxLiabilitiesInvestments
363000 USD
CY2012Q2 us-gaap Financing Receivable Recorded Investment30 To59 Days Past Due
FinancingReceivableRecordedInvestment30To59DaysPastDue
4468000 USD
CY2012Q2 us-gaap Financing Receivable Recorded Investment60 To89 Days Past Due
FinancingReceivableRecordedInvestment60To89DaysPastDue
140000 USD
CY2012Q2 us-gaap Financing Receivable Recorded Investment Equal To Greater Than90 Days Past Due
FinancingReceivableRecordedInvestmentEqualToGreaterThan90DaysPastDue
2302000 USD
CY2012Q2 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
6910000 USD
CY2012Q2 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
145000 USD
CY2012 ofed Employee Stock Ownership Plan Esop Additional Compensation Expense
EmployeeStockOwnershipPlanESOPAdditionalCompensationExpense
75000 USD
CY2012Q2 us-gaap Restricted Investments
RestrictedInvestments
564000 USD
CY2011Q2 us-gaap Restricted Investments
RestrictedInvestments
557000 USD
CY2011Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2011Q2 ofed Dividend Declared On Number Of Shares
DividendDeclaredOnNumberOfShares
2220530 shares
CY2012Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
209000 USD
CY2012Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
778000 USD
CY2012Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
-3000 USD
CY2011 us-gaap Income Tax Reconciliation Nondeductible Expense Life Insurance
IncomeTaxReconciliationNondeductibleExpenseLifeInsurance
-2000 USD
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-4000 USD
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2239000 USD
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
340000 USD

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