Summary of Quarterly Results of Operations |
The following is a condensed summary of quarterly results of operations for the years ended June 30, 2015 and 2014:
|
Year Ended June 30, 2015 |
|
|
First
Quarter |
|
|
Second
Quarter |
|
|
Third
Quarter |
|
|
Fourth
Quarter |
|
|
(In Thousands, Except Per Share Data) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
$ |
25,698 |
|
|
$ |
25,912 |
|
|
$ |
26,869 |
|
|
$ |
27,560 |
|
Interest expense |
|
6,173 |
|
|
|
6,339 |
|
|
|
6,304 |
|
|
|
6,615 |
|
Net interest income |
|
19,525 |
|
|
|
19,573 |
|
|
|
20,565 |
|
|
|
20,945 |
|
Provision for loan losses |
|
858 |
|
|
|
1,732 |
|
|
|
1,761 |
|
|
|
1,757 |
|
Net interest income after provision for loan losses |
|
18,667 |
|
|
|
17,841 |
|
|
|
18,804 |
|
|
|
19,188 |
|
Non-interest income |
|
1,580 |
|
|
|
1,718 |
|
|
|
3,126 |
|
|
|
1,517 |
|
Non-interest expense |
|
16,771 |
|
|
|
16,520 |
|
|
|
17,392 |
|
|
|
27,398 |
|
Income before Income Taxes |
|
3,476 |
|
|
|
3,039 |
|
|
|
4,538 |
|
|
|
(6,693 |
) |
Income taxes |
|
553 |
|
|
|
870 |
|
|
|
660 |
|
|
|
(3,352 |
) |
Net Income |
$ |
2,923 |
|
|
$ |
2,169 |
|
|
$ |
3,878 |
|
|
$ |
(3,341 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
$ |
0.03 |
|
|
$ |
0.02 |
|
|
$ |
0.04 |
|
|
$ |
(0.04 |
) |
Diluted |
$ |
0.03 |
|
|
$ |
0.02 |
|
|
$ |
0.04 |
|
|
$ |
(0.04 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of common shares outstanding |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
92,452 |
|
|
|
92,544 |
|
|
|
92,594 |
|
|
|
89,269 |
|
Diluted |
|
92,999 |
|
|
|
92,562 |
|
|
|
92,614 |
|
|
|
89,292 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends declared per common share |
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended June 30, 2014 |
|
|
First
Quarter |
|
|
Second
Quarter |
|
|
Third
Quarter |
|
|
Fourth
Quarter |
|
|
(In Thousands, Except Per Share Data) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
$ |
23,300 |
|
|
$ |
23,933 |
|
|
$ |
23,956 |
|
|
$ |
24,630 |
|
Interest expense |
|
5,104 |
|
|
|
5,458 |
|
|
|
5,475 |
|
|
|
5,961 |
|
Net interest income |
|
18,196 |
|
|
|
18,475 |
|
|
|
18,481 |
|
|
|
18,669 |
|
Provision for loan losses |
|
1,168 |
|
|
|
559 |
|
|
|
880 |
|
|
|
774 |
|
Net interest income after provision for loan losses |
|
17,028 |
|
|
|
17,916 |
|
|
|
17,601 |
|
|
|
17,895 |
|
Non-interest income |
|
1,861 |
|
|
|
1,929 |
|
|
|
2,385 |
|
|
|
1,948 |
|
Non-interest expense |
|
15,282 |
|
|
|
15,557 |
|
|
|
17,515 |
|
|
|
15,804 |
|
Income before Income Taxes |
|
3,607 |
|
|
|
4,288 |
|
|
|
2,471 |
|
|
|
4,039 |
|
Income taxes |
|
1,021 |
|
|
|
1,301 |
|
|
|
685 |
|
|
|
1,210 |
|
Net Income |
$ |
2,586 |
|
|
$ |
2,987 |
|
|
$ |
1,786 |
|
|
$ |
2,829 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
$ |
0.03 |
|
|
$ |
0.03 |
|
|
$ |
0.02 |
|
|
$ |
0.03 |
|
Diluted |
$ |
0.03 |
|
|
$ |
0.03 |
|
|
$ |
0.02 |
|
|
$ |
0.03 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of common shares outstanding |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
91,018 |
|
|
|
90,784 |
|
|
|
90,670 |
|
|
|
90,824 |
|
Diluted |
|
91,018 |
|
|
|
90,784 |
|
|
|
90,805 |
|
|
|
91,421 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends declared per common share |
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|