-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JEYqwD6v3RboIYg8F6uksn8Rtnht61Rfe76bU13BSzcfAr4H0GOnjjLgbd/YSzUG QveCzNVvPAC/03+1PDfbvA== 0000909654-06-002196.txt : 20061019 0000909654-06-002196.hdr.sgml : 20061019 20061019151814 ACCESSION NUMBER: 0000909654-06-002196 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20061018 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20061019 DATE AS OF CHANGE: 20061019 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PVF CAPITAL CORP CENTRAL INDEX KEY: 0000928592 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 341659805 STATE OF INCORPORATION: OH FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24948 FILM NUMBER: 061153334 BUSINESS ADDRESS: STREET 1: 30000 AURORA ROAD CITY: SOLON STATE: OH ZIP: 44139 BUSINESS PHONE: 4402487171 MAIL ADDRESS: STREET 1: 30000 AURORA ROAD CITY: SOLON STATE: OH ZIP: 44139 8-K 1 pvf8koct19.txt 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): October 18, 2006 PVF Capital Corp. ------------------------------------------------------------------ (Exact Name of Registrant as Specified in Charter) Ohio 0-24948 34-1659805 - ---------------------------- ---------------------- ------------------- (State or Other Jurisdiction Commission File Number (I.R.S. Employer of Incorporation) Identification No.) 30000 Aurora Road, Solon, Ohio 44139 --------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (440) 248-7171 -------------- Not Applicable ------------------------------------------------------------ (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) 2 ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION --------------------------------------------- On October 18, 2006, PVF Capital Corp. (the "Company") announced its unaudited financial results for the quarter ended September 30, 2006. For more information, reference is made to the Company's press release dated, October 18, 2006, a copy of which is attached to this Report as Exhibit 99 and is furnished herewith. ITEM 8.01 OTHER EVENTS ------------ On September 26, 2006, the Board of Directors of the Company declared a quarterly cash dividend on the Company's outstanding common stock. The cash dividend will be in the amount of $0.074 per share payable on November 6, 2006 to the stockholders of record at the close of business on October 23, 2006. For further information, see the Company's press release dated October 18, 2006, which is incorporated herein by reference and is filed herewith as Exhibit 99. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS --------------------------------- (a) Not applicable. (b) Not applicable. (c) Not applicable (d) The following exhibit is filed herewith: Exhibit 99 Press Release dated October 18, 2006 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PVF CAPITAL CORP. By: /s/ Jeffrey N. Male ------------------------------------ Jeffrey N. Male Vice President and Secretary (Duly Authorized Representative) Dated: October 19, 2006 EX-99.1 2 pvfexb99oct19.txt 1 PRESS ANNOUNCEMENT DATE: OCTOBER 18, 2006 CONTACT: C. KEITH SWANEY (440)248-7171 PVF CAPITAL CORP. ANNOUNCES QUARTERLY EARNINGS AND CASH DIVIDEND PVF Capital Corp., the parent company of Park View Federal Savings Bank, announced earnings of $1,563,000 or $0.20 basic earnings per share and $0.20 diluted earnings per share for the quarter ended September 30, 2006 as compared to earnings of $1,352,000 or $0.18 basic earnings per share and $0.17 diluted earnings per share for the prior year comparable period. As of September 30, 2006, PVF Capital Corp. reported assets of $912.4 million, an increase of $6.3 million or 0.7% from the fiscal year ended June 30, 2006. Total stockholders' equity of PVF Capital Corp. was $70.0 million at September 30, 2006. Annualized return on assets and return on equity were 0.69% and 9.00%, respectively, for the three months ended September 30, 2006. On September 26, 2006, the Board of Directors of PVF Capital Corp. declared a quarterly cash dividend on the Company's outstanding common stock. The cash dividend will be in the amount of $0.074 per share and will be payable on November 6, 2006 to the stockholders of record at the close of business on October 23, 2006. This press release contains statements that are forward-looking, as that term is defined by the Private Securities Litigation Act of 1995 or the Securities and Exchange Commission in its rules, regulations, and releases. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. All forward-looking statements are based on current expectation regarding important risk factors including, but not limited to, real estate values and the impact of interest rates on financing. Accordingly, actual results may differ from those expressed in the forward-looking statements, and the making of such statements should not be regarded as a representation by the Company or any other person that results expressed therein will be achieved. PVF Capital Corp.'s, common stock trades on the NASDAQ Small-Cap market under the symbol PVFC.
PVF CAPITAL CORP. 30000 Aurora Road Solon, OH 44139 (440) 248-7171 Summary of Financial Highlights CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (UNAUDITED) (Dollars in thousands) SEPTEMBER 30, JUNE 30, 2006 2006 ------------- -------------- ASSETS - -------- Cash and cash equivalents $ 23,560 $ 19,738 Investment securities 58,000 58,000 Loans receivable 738,930 736,065 Loans receivable held for sale 11,099 10,698 Mortgage-backed securities 26,749 27,578 Other assets 54,041 54,002 --------- --------- Total Assets $912,379 $906,081 ========= ========= LIABILITIES - ----------- Deposits $666,792 $656,864 Borrowed money 154,000 156,773 Other liabilities 21,592 23,471 --------- --------- Total Liabilities 842,384 837,108 --------- --------- Total Stockholders' Equity 69,995 68,973 --------- --------- Total Liabilities and Stockholders' Equity $912,379 $906,081 ========= ========= CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) THREE MONTHS ENDED (Dollars in thousands except per share data) SEPTEMBER 30, ---------------------------------------------- 2006 2005 ---------------------------------------------- Interest income $ 15,559 $ 12,583 Interest expense 8,917 6,048 ------ ------ Net interest income 6,642 6,535 Provision for loan losses (160) 37 --------- --------- Net interest income after provision for loan losses 6,802 6,498 Total noninterest income 946 779 Total noninterest expense 5,471 5,374 --------- --------- Income before federal income tax provision 2,277 1,903 Federal income tax provision 714 551 --------- --------- Net income $ 1,563 $ 1,352 ========= ========= BASIC EARNINGS PER SHARE $ 0.20 $ 0.18 ========= ========= DILUTED EARNINGS PER SHARE $ 0.20 $ 0.17 ========= =========
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