XML 60 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Provident Financial Holdings, Inc. Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Interest income:        
Loans receivable, net $ 9,376us-gaap_InterestAndFeeIncomeLoansAndLeases $ 9,085us-gaap_InterestAndFeeIncomeLoansAndLeases $ 18,571us-gaap_InterestAndFeeIncomeLoansAndLeases $ 18,791us-gaap_InterestAndFeeIncomeLoansAndLeases
Investment securities 72us-gaap_InterestAndDividendIncomeSecurities 86us-gaap_InterestAndDividendIncomeSecurities 148us-gaap_InterestAndDividendIncomeSecurities 178us-gaap_InterestAndDividendIncomeSecurities
FHLB – San Francisco stock 132us-gaap_InterestIncomeSecuritiesOtherUSGovernment 204us-gaap_InterestIncomeSecuritiesOtherUSGovernment 276us-gaap_InterestIncomeSecuritiesOtherUSGovernment 412us-gaap_InterestIncomeSecuritiesOtherUSGovernment
Interest-earning deposits 76us-gaap_InterestIncomeFederalFundsSold 138us-gaap_InterestIncomeFederalFundsSold 170us-gaap_InterestIncomeFederalFundsSold 248us-gaap_InterestIncomeFederalFundsSold
Total interest income 9,656us-gaap_InterestAndDividendIncomeOperating 9,513us-gaap_InterestAndDividendIncomeOperating 19,165us-gaap_InterestAndDividendIncomeOperating 19,629us-gaap_InterestAndDividendIncomeOperating
Interest expense:        
Checking and money market deposits 110us-gaap_InterestExpenseDomesticDepositLiabilitiesChecking 96us-gaap_InterestExpenseDomesticDepositLiabilitiesChecking 214us-gaap_InterestExpenseDomesticDepositLiabilitiesChecking 198us-gaap_InterestExpenseDomesticDepositLiabilitiesChecking
Savings deposits 160us-gaap_InterestExpenseSavingsDeposits 152us-gaap_InterestExpenseSavingsDeposits 317us-gaap_InterestExpenseSavingsDeposits 299us-gaap_InterestExpenseSavingsDeposits
Time deposits 940us-gaap_InterestExpenseTimeDeposits 1,171us-gaap_InterestExpenseTimeDeposits 1,916us-gaap_InterestExpenseTimeDeposits 2,434us-gaap_InterestExpenseTimeDeposits
Borrowings 336us-gaap_InterestExpenseBorrowings 439us-gaap_InterestExpenseBorrowings 671us-gaap_InterestExpenseBorrowings 1,082us-gaap_InterestExpenseBorrowings
Total interest expense 1,546us-gaap_InterestExpense 1,858us-gaap_InterestExpense 3,118us-gaap_InterestExpense 4,013us-gaap_InterestExpense
Net interest income 8,110us-gaap_InterestIncomeExpenseNet 7,655us-gaap_InterestIncomeExpenseNet 16,047us-gaap_InterestIncomeExpenseNet 15,616us-gaap_InterestIncomeExpenseNet
Recovery from the allowance for loan losses (354)us-gaap_ProvisionForLoanLossesExpensed (898)us-gaap_ProvisionForLoanLossesExpensed (1,172)us-gaap_ProvisionForLoanLossesExpensed (1,840)us-gaap_ProvisionForLoanLossesExpensed
Net interest income, after recovery from the allowance for loan losses 8,464us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 8,553us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 17,219us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 17,456us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
Non-interest income:        
Loan servicing and other fees 291us-gaap_ServicingFeesNet 331us-gaap_ServicingFeesNet 559us-gaap_ServicingFeesNet 526us-gaap_ServicingFeesNet
Gain on sale of loans, net 8,042us-gaap_GainLossOnSalesOfLoansNet 5,732us-gaap_GainLossOnSalesOfLoansNet 15,694us-gaap_GainLossOnSalesOfLoansNet 12,486us-gaap_GainLossOnSalesOfLoansNet
Deposit account fees 604us-gaap_FeesAndCommissionsDepositorAccounts 619us-gaap_FeesAndCommissionsDepositorAccounts 1,230us-gaap_FeesAndCommissionsDepositorAccounts 1,240us-gaap_FeesAndCommissionsDepositorAccounts
Loss on sale and operations of real estate owned acquired in the settlement of loans, net (51)us-gaap_GainsLossesOnSalesOfInvestmentRealEstate (82)us-gaap_GainsLossesOnSalesOfInvestmentRealEstate (70)us-gaap_GainsLossesOnSalesOfInvestmentRealEstate (30)us-gaap_GainsLossesOnSalesOfInvestmentRealEstate
Card and processing fees 336us-gaap_FeesAndCommissionsCreditCards 317us-gaap_FeesAndCommissionsCreditCards 692us-gaap_FeesAndCommissionsCreditCards 661us-gaap_FeesAndCommissionsCreditCards
Other 275us-gaap_NoninterestIncomeOtherOperatingIncome 227us-gaap_NoninterestIncomeOtherOperatingIncome 502us-gaap_NoninterestIncomeOtherOperatingIncome 444us-gaap_NoninterestIncomeOtherOperatingIncome
Total non-interest income 9,497us-gaap_NoninterestIncome 7,144us-gaap_NoninterestIncome 18,607us-gaap_NoninterestIncome 15,327us-gaap_NoninterestIncome
Non-interest expense:        
Salaries and employee benefits 9,950us-gaap_LaborAndRelatedExpense 8,912us-gaap_LaborAndRelatedExpense 19,531us-gaap_LaborAndRelatedExpense 19,364us-gaap_LaborAndRelatedExpense
Premises and occupancy 1,150us-gaap_OccupancyNet 1,104us-gaap_OccupancyNet 2,498us-gaap_OccupancyNet 2,263us-gaap_OccupancyNet
Equipment 414us-gaap_EquipmentExpense 474us-gaap_EquipmentExpense 886us-gaap_EquipmentExpense 954us-gaap_EquipmentExpense
Professional expenses 493us-gaap_ProfessionalFees 507us-gaap_ProfessionalFees 957us-gaap_ProfessionalFees 931us-gaap_ProfessionalFees
Sales and marketing expenses 399us-gaap_SellingAndMarketingExpense 391us-gaap_SellingAndMarketingExpense 730us-gaap_SellingAndMarketingExpense 806us-gaap_SellingAndMarketingExpense
Deposit insurance premiums and regulatory assessments 238us-gaap_FederalDepositInsuranceCorporationPremiumExpense 229us-gaap_FederalDepositInsuranceCorporationPremiumExpense 511us-gaap_FederalDepositInsuranceCorporationPremiumExpense 443us-gaap_FederalDepositInsuranceCorporationPremiumExpense
Other 1,268us-gaap_OtherNoninterestExpense 1,254us-gaap_OtherNoninterestExpense 2,538us-gaap_OtherNoninterestExpense 2,640us-gaap_OtherNoninterestExpense
Total non-interest expense 13,912us-gaap_NoninterestExpense 12,871us-gaap_NoninterestExpense 27,651us-gaap_NoninterestExpense 27,401us-gaap_NoninterestExpense
Income before income taxes 4,049us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic 2,826us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic 8,175us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic 5,382us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
Provision (benefit) for income taxes 1,721us-gaap_IncomeTaxExpenseBenefit 1,223us-gaap_IncomeTaxExpenseBenefit 3,457us-gaap_IncomeTaxExpenseBenefit 2,266us-gaap_IncomeTaxExpenseBenefit
Net income $ 2,328us-gaap_NetIncomeLoss $ 1,603us-gaap_NetIncomeLoss $ 4,718us-gaap_NetIncomeLoss $ 3,116us-gaap_NetIncomeLoss
Basic earnings per share (in dollars per share) $ 0.26us-gaap_EarningsPerShareBasic $ 0.16us-gaap_EarningsPerShareBasic $ 0.51us-gaap_EarningsPerShareBasic $ 0.31us-gaap_EarningsPerShareBasic
Diluted earnings per share (in dollars per share) $ 0.25us-gaap_EarningsPerShareDiluted $ 0.16us-gaap_EarningsPerShareDiluted $ 0.50us-gaap_EarningsPerShareDiluted $ 0.30us-gaap_EarningsPerShareDiluted
Cash dividends per share (in dollars per share) $ 0.11us-gaap_CommonStockDividendsPerShareCashPaid $ 0.1us-gaap_CommonStockDividendsPerShareCashPaid $ 0.22us-gaap_CommonStockDividendsPerShareCashPaid $ 0.2us-gaap_CommonStockDividendsPerShareCashPaid