WVS Financial Corp.


Lending Activities

The principal categories of loans in the Company’s portfolio are single-family and multi-family residential real estate loans, commercial real estate loans, construction loans, consumer loans, land acquisition and development loans, and commercial loans. Substantially all of the Company’s mortgage loan portfolio consists of conventional mortgage loans, which are loans that are neither insured by the Federal Housing Administration (FHA) nor partially guaranteed by the Department of Veterans Affairs (VA). As of June 30, 2016, the Company’s net portfolio of loans receivable totaled $64.7 million.

Investment Activities

The Company’s investment securities portfolio include corporate debt (including the United States dollar denominated foreign debt) and equity securities, the United States Government and the United States Government agency obligations, securities of various federal, state and municipal agencies, Federal Home Loan Banks (FHLB) stock, commercial paper, bankers’ acceptances, federal funds and interest-bearing deposits with other financial institutions. As of June 30, 2016, the Company’s investment securities available for sales were $107.68 million.

Sources of Funds

The Company’s principal source of funds for use in lending and for other general business purposes comes from deposits. Its deposit products include regular savings accounts, demand accounts, negotiable order of withdrawal (NOW) accounts, money market deposit accounts and certificates of deposit ranging in terms from 30 days to 10 years. The Company’s deposit products also include Individual Retirement Account certificates (IRA certificates). As of June 30, 2016, the Company’s net deposits were $2.35 million.”}” data-sheets-userformat=”{“2″:769,”3″:[null,0],”11″:4,”12”:0}”>WVS Financial Corp., incorporated on July 30, 1993, is a bank holding company of West View Savings Bank. West View Savings Bank is a Pennsylvania-chartered, Federal Deposit Insurance Corporation (FDIC)-insured stock savings bank. As of June 30, 2016, the Bank conducted business from six offices in the North Hills suburbs of Pittsburgh.

Lending Activities

The principal categories of loans in the Company’s portfolio are single-family and multi-family residential real estate loans, commercial real estate loans, construction loans, consumer loans, land acquisition and development loans, and commercial loans. Substantially all of the Company’s mortgage loan portfolio consists of conventional mortgage loans, which are loans that are neither insured by the Federal Housing Administration (FHA) nor partially guaranteed by the Department of Veterans Affairs (VA). As of June 30, 2016, the Company’s net portfolio of loans receivable totaled $64.7 million.

Investment Activities

The Company’s investment securities portfolio include corporate debt (including the United States dollar denominated foreign debt) and equity securities, the United States Government and the United States Government agency obligations, securities of various federal, state and municipal agencies, Federal Home Loan Banks (FHLB) stock, commercial paper, bankers’ acceptances, federal funds and interest-bearing deposits with other financial institutions. As of June 30, 2016, the Company’s investment securities available for sales were $107.68 million.

Sources of Funds

The Company’s principal source of funds for use in lending and for other general business purposes comes from deposits. Its deposit products include regular savings accounts, demand accounts, negotiable order of withdrawal (NOW) accounts, money market deposit accounts and certificates of deposit ranging in terms from 30 days to 10 years. The Company’s deposit products also include Individual Retirement Account certificates (IRA certificates). As of June 30, 2016, the Company’s net deposits were $2.35 million.

Bank NameWVS Financial Corp.
Stock ExchangeLSE
SymbolWVFC
SectorFinancials
IndustryBanks
CountryUnited States
World Region"North America "
Chairman
CEOMr. David J. Bursic
Employees
Websitewvsbank.com
Registered Year1993

  2017 2016 2015
  € m € m € m
Revenue
Total interest income 8 7 6
Total Interest Expenses 2 1 1
Net Interest income 6 5 5
Total Net Revenue
       
Earnings per share      
Basic 0.87 0.69 0.69
Diluted 0.87 0.69 0.69
       
Assets      
Total current assets
Other assets 5,895 4,687 4,486
Total assets 3,51,609 3,35,723 3,29,716
Total current liabilities
Total liabilities 3,18,566 3,02,638 2,97,673
Total Equity 33,043 33,085 32,043
       
Net income 1,637 1,325 1,347
Net cash provided by operating activities 3 3 2
Net cash used for investment activities 17 11 16
Net cash provided by financing activities 14 6 16
       
       
Source: http://www.wvsbank.com      
Currency in EUR, All numbers in million.      

United States
Pittsburgh
Cranberry
Wexford