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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (58709)	4/19/2006 11:09:01 AM
From: shades	Respond to of 110194

PVF Cites Higher Loan Loss Prvsn,Lower Non-Interest Income biz.yahoo.com The decrease in earnings for the three and nine-month periods ended March 31, 2006 is attributable to an increase in the provision for loan losses, a decrease in non-interest income, and an increase in non-interest expense that were substantially offset by an increase in net interest income. Non-interest income decreased as a result of declines in mortgage banking activities, gains on the sale of real estate owned and profit on real estate activity. Non- interest expense increased primarily as a result of increases to compensation and benefits and office occupancy and equipment. The increase to net interest income in the current periods was attributable to balance sheet growth in both interest-earning assets and interest-bearing liabilities in addition to an increase in the Company's interest rate spread. As of March 31, 2006, PVF Capital Corp. reported assets of $892.6 million, an increase of $68.7 million or 8.3%, from the fiscal year ended June 30, 2005. Total stockholders' equity of PVF Capital Corp. was $68.3 million at March 31, 2006. Annualized return on assets and return on equity were 0.56% and 7.21%, respectively, for the nine months ended March 31, 2006. On March 28, 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 payable on May 5, 2006 to the stockholders of record at the close of business on April 28, 2006.