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Quarterly Results of Operations (Tables)
12 Months Ended
Jun. 30, 2015
Quarterly Financial Information Disclosure [Abstract]  
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

$

-

 

 

$

-

 

 

$

-

 

 

$

-