SELECTED QUARTERLY FINANCIAL DATA (unaudited) |
24. SELECTED QUARTERLY FINANCIAL DATA (unaudited) | | | | Three Months Ended | | | | | | | September | | December | | March | | June | | | | | 2014 | | 2014 | | 2015 | | 2015 | | | | | | (Dollars in Thousands, except per share data) | | | | | | | | | | | | | | | Total interest and dividend income | | $ | 1,520 | | | $ | 1,537 | | | $ | 1,740 | | | $ | 1,581 | | | | Total interest expense | | | 288 | | | | 285 | | | | 284 | | | | 298 | | | | | | | | | | | | | | | | | | | | | | | Net interest income | | | 1,232 | | | | 1,252 | | | | 1,456 | | | | 1,283 | | | | Provision for loan losses | |
| 3 | | | | 18 | | | | 31 | | | | 18 | | | | | | | | | | | | | | | | | | | | | | | Net interest income after provision | | | | | | | | | | | for loan losses | | | 1,229 | | | | 1,234 | | | | 1,425 | | | | 1,265 | | | | | | | | | | | | | | | | | | | | | | | Total noninterest income | | | 138 | | | | 145 | | | | 132 | | | | 143 | | | | Total noninterest expense | | | 915 | | | | 988 | | | | 894 | | | | 909 | | | | | | | | | | | | | | | | | | | | | | | Income before income taxes | | | 452 | | | | 391 | | | | 663 | | | | 499 | | | | Income taxes | | | 153 | | | | 125 | | | | 203 | | | | 177 | | | | | | | | | | | | | | | | | | | | | | | Net income | | $ | 299 | | | $ | 266 | | | $ | 460 | | | $ | 322 | | | | | | | | | | | | | | | | | | | | | | | Per share data: | | | | | | | | | | | Net income | | | | | | | | | | | Basic | | $ | 0.15 | | | $ | 0.14 | | | $ | 0.24 | | | $ | 0.16 | | | | Diluted | | | 0.15 | | | | 0.14 | | | | 0.24 | | | | 0.16 | | | | Average shares outstanding | | | | | | | | | | | Basic | | | 1,959,381 | | | | 1,949,046 | | | | 1,919,135 | | | | 1,919,627 | | | | Diluted | | | 1,959,381 | | | | 1,949,046 | | | | 1,919,135 | | | | 1,919,627 | | | | | | | Three Months Ended | | | | | | | September | | December | | March | | June | | | | | 2013 | | 2013 | | 2014 | | 2014 | | | | | | (Dollars in Thousands, except per share data) | | | | | | | | | | | | | | | Total interest and dividend income | | $ | 1,402 | | | $ | 1,424 | | | $ | 1,447 | | | $ | 1,548 | | | | Total interest expense | | | 344 | | | | 355 | | | | 351 | | | | 307 | | | | | | | | | | | | | | | | | | | | | | | Net interest income | | | 1,058 | | | | 1,069 | | | | 1,096 | | | | 1,241 | | | | Provision for loan losses | |
| 12 | | | | (99 | ) | | | 5 | | | | 9 | | | | | | | | | | | | | | | | | | | | | | | Net interest income after provision | | | | | | | | | | | for loan losses | | | 1,046 | | | | 1,168 | | | | 1,091 | | | | 1,232 | | | | | | | | | | | | | | | | | | | | | | | Total noninterest income | | | 137 | | | | 146 | | | | 112 | | | | 136 | | | | Total noninterest expense | | | 859 | | | | 958 | | | | 913 | | | | 945 | | | | | | | | | | | | | | | | | | | | | | | Income before income taxes | | | 324 | | | | 356 | | | | 290 | | | | 423 | | | | Income taxes | | | 114 | | | | 123 | | | | 92 | | | | 144 | | | | | | | | | | | | | | | | | | | | | | | Net income | | $ | 210 | | | $ | 233 | | | $ | 198 | | | $ | 279 | | | | | | | | | | | | | | | | | | | | | | | Per share data: | | | | | | | | | | | Net income | | | | | | | | | | | Basic | | $ | 0.10 | | | $ | 0.11 | | | $ | 0.10 | | | $ | 0.14 | | | | Diluted | | | 0.10 | | | | 0.11 | | | | 0.10 | | | | 0.14 | | | | Average shares outstanding | | | | | | | | | | | Basic | | | 2,057,930 | | | | 2,057,930 | | | | 2,057,930 | | | | 2,057,888 | | | | Diluted | | | 2,057,930 | | | | 2,057,930 | | | | 2,057,930 | | | | 2,057,888 | | | COMMON STOCK MARKET PRICE AND DIVIDEND INFORMATION WVS Financial Corp.'s common stock is traded on the Nasdaq Global MarketSM 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 | Quarter Ended | | High | | Low | | Declared | June 2015 | | | $ | 12.34 | | | $ | 11.50 | | | $ | 0.04 | | March 2015 | | | | 12.14 | | | | 10.80 | | | | 0.04 | | December 2014 | | | | 11.01 | | | | 10.78 | | | | 0.04 | | September 2014 | | | | 11.09 | | | | 10.80 | | | | 0.04 | | | | | | | | | | | | | | | | June 2014 | | | $ | 12.50 | | | $ | 10.82 | | | $ | 0.04 | | March 2014 | | | | 12.30 | | | | 11.31 | | | | 0.04 | | December 2013 | | | | 12.44 | | | | 10.82 | | | | 0.04 | | September 2013 | | | | 11.85 | | | | 10.50 | | | | 0.04 | | | | | | | | | | | | | | | | There were nine Nasdaq Market Makers in the Company's common stock as of June 30, 2015: UBS Securities LLC; Knight Capital Americas LLC; Citadel Securities LLC; Goldman, Sachs & Co.; Automated Trading Desk Financ; Two Sigma Securities, LLC ; Credit Suisse Securities, USA; Merrill Lynch, Pierce, Fenner; and G1 Execution Services, LLC. According to the records of the Company's transfer agent, there were approximately 469 shareholders of record at August 28, 2015. 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.
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