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SELECTED QUARTERLY FINANCIAL DATA
12 Months Ended
Jun. 30, 2013
SELECTED QUARTERLY FINANCIAL DATA (unaudited) [Abstract]  
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.