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SELECTED QUARTERLY FINANCIAL DATA
12 Months Ended
Jun. 30, 2015
SELECTED QUARTERLY FINANCIAL DATA (unaudited) [Abstract]  
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.