SELECTED QUARTERLY FINANCIAL DATA (unaudited) |
24. | SELECTED QUARTERLY FINANCIAL DATA (unaudited) | | | | | | | | | | | | | | | | | | | | Three Months Ended | | | | September | | | December | | | March | | | June | | | | 2012 | | | 2012 | | | 2013 | | | 2013 | | | | | | | | | (Dollars in Thousands, except per share data) | | | | | | | Total interest and dividend income | | $ | 1,617 | | | $ | 1,554 | | | $ | 1,370 | | | $ | 1,418 | | Total interest expense | | | 372 | | | | 365 | | | | 331 | | | | 339 | | | | | | | | | | | | | | | | | | | | | | | | Net interest income | | | 1,245 | | | | 1,189 | | | | 1,039 | | | | 1,079 | | Provision for (recovery of) loan losses | | | (24 | ) | | | (25 | ) | | | (24 | ) | | | 5 | | | | | | | | | | | | | | | | | | | | | | | | Net interest income after provision for (recovery of) loan losses | | | 1,269 | | | | 1,214 | | | | 1,063 | | | | 1,074 | | | | | | | Total noninterest income | | | 130 | | | | 225 | | | | 74 | | | | 144 | | Total noninterest expense | | | 933 | | | | 913 | | | | 868 | | | | 857 | | | | | | | | | | | | | | | | | | | | | | | | Income before income taxes | | | 466 | | | | 526 | | | | 269 | | | | 361 | | Income taxes | | | 81 | | | | 201 | | | | 130 | | | | 130 | | | | | | | | | | | | | | | | | | | | | | | | Net income | | $ | 385 | | | $ | 325 | | | $ | 139 | | | $ | 231 | | | | | | | | | | | | | | | | | | | | | | | | Per share data: | | | | | | | | | | | | | | | | | Net income | | | | | | | | | | | | | | | | | Basic | | $ | 0.19 | | | $ | 0.16 | | | $ | 0.07 | | | $ | 0.10 | | Diluted | | | 0.19 | | | | 0.16 | | | | 0.07 | | | | 0.10 | | Average shares outstanding | | | | | | | | | | | | | | | | | Basic | | | 2,057,930 | | | | 2,057,930 | | | | 2,057,930 | | | | 2,057,930 | | Diluted | | | 2,057,930 | | | | 2,057,930 | | | | 2,057,930 | | | | 2,057,930 | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | | | September 2011 | | | December 2011 | | | March 2012 | | | June 2012 | | | | | | | | | (Dollars in Thousands, except per share data) | | | | | | | Total interest and dividend income | | $ | 1,867 | | | $ | 1,643 | | | $ | 1,748 | | | $ | 1,795 | | Total interest expense | | | 407 | | | | 369 | | | | 385 | | | | 383 | | | | | | | | | | | | | | | | | | | | | | | | Net interest income | | | 1,460 | | | | 1,274 | | | | 1,363 | | | | 1,412 | | Provision for (recovery of) loan losses | | | (19 | ) | | | (20 | ) | | | (11 | ) | | | (54 | ) | | | | | | | | | | | | | | | | | | | | | | | Net interest income after provision for (recovery of) loan losses | | | 1,479 | | | | 1,294 | | | | 1,374 | | | | 1,466 | | | | | | | Total noninterest income | | | 101 | | | | 18 | | | | 101 | | | | 129 | | Total noninterest expense | | | 977 | | | | 882 | | | | 878 | | | | 921 | | | | | | | | | | | | | | | | | | | | | | | | Income before income taxes | | | 603 | | | | 430 | | | | 597 | | | | 674 | | Income taxes | | | 193 | | | | 226 | | | | 215 | | | | 268 | | | | | | | | | | | | | | | | | | | | | | | | Net income | | $ | 410 | | | $ | 204 | | | $ | 382 | | | $ | 406 | | | | | | | | | | | | | | | | | | | | | | | | Per share data: | | | | | | | | | | | | | | | | | Net income | | | | | | | | | | | | | | | | | Basic | | $ | 0.20 | | | $ | 0.10 | | | $ | 0.19 | | | $ | 0.19 | | Diluted | | | 0.20 | | | | 0.10 | | | | 0.19 | | | | 0.19 | | Average shares outstanding | | | | | | | | | | | | | | | | | Basic | | | 2,057,930 | | | | 2,057,930 | | | | 2,057,930 | | | | 2,057,930 | | Diluted | | | 2,057,930 | | | | 2,057,930 | | | | 2,057,930 | | | | 2,057,930 | | COMMON STOCK MARKET PRICE AND DIVIDEND INFORMATION WVS Financial Corp.'s common stock is traded on the Nasdaq Global Market SM under the symbol "WVFC". The following table sets forth the high and low market prices of a share of common stock, and cash dividends declared per share, for the periods indicated. | | | | | | | | | | | | | | | Market Price | | | Cash Dividends Declared | | Quarter Ended | | High | | | Low | | | June 2013 | | $ | 13.63 | | | $ | 10.25 | | | $ | 0.04 | | March 2013 | | | 11.00 | | | | 8.48 | | | | 0.04 | | December 2012 | | | 8.98 | | | | 6.76 | | | | 0.04 | | September 2012 | | | 8.86 | | | | 6.82 | | | | 0.04 | | | | | | June 2012 | | $ | 8.42 | | | $ | 6.63 | | | $ | 0.04 | | March 2012 | | | 9.00 | | | | 8.10 | | | | 0.04 | | December 2011 | | | 10.51 | | | | 8.03 | | | | 0.04 | | September 2011 | | | 9.95 | | | | 8.37 | | | | 0.04 | | There were seven Nasdaq Market Makers in the Company's common stock as of June 30, 2013: Knight Execution & Clearing Services, LLC; UBS Securities LLC; Stifel Nicolaus & Co.; Credit Suisse Securities USA; Automated Trading Desk; Citadel Deriviatives Group LLC.; and Susquehanna Capital Securities. According to the records of the Company's transfer agent, there were approximately 514 shareholders of record at August 30, 2013. This does not include any persons or entities who hold their stock in nominee or "street name" through various brokerage firms. Dividends are subject to determination and declaration by the Board of Directors, which takes into account the Company's financial condition, statutory and regulatory restrictions, general economic condition and other factors. |