Revenues for the quarter ended September 30, 2007, which consisted of net interest income before the provision for loan losses plus noninterest income, decreased 7. The provision for loan losses was $409,000 for the fiscal year ended September 30, 2007, compared to $138,000 for the fiscal year ended September 30, 2006. The net interest margin for the fiscal year ended September 30, 2007 decreased 30 basis points to 3. For the fiscal year ended September 30, 2007, noninterest income increased . AND SUBSIDIARY CONSOLIDATED BALANCE SHEETS (In thousands, except share data) September 30, September 30, (Unaudited) 2007 2006 ———— ———— ASSETS Cash and amounts due from depository institutions $ 20,588 $ 18,385 Mortgage-backed securities available for sale, at fair value 162,258 12,182 Mortgage-backed securities held to maturity, at cost - 183,279 FHLB stock, at cost 9,591 9,591 Loan receivable, net of allowance for loan losses of $2,988 and $2,974 480,118 503,065 Loans held for sale 4,904 4,119 Accrued interest receivable 2,804 3,025 Property and equipment, net 12,364 12,849 Mortgage servicing rights, net 2,047 2,492 Bank owned life insurance 11,168 10,763 Real estate and other property owned 549 - Deferred income tax asset 1,245 - Other assets 2,318 1,542 ———— ———— TOTAL ASSETS $ 709,954 $ 761,292 ============ ============ LIABILITIES AND STOCKHOLDERS’ EQUITY LIABILITIES Deposit accounts Noninterest-bearing demand deposits $ 38,643 $ 44,626 Interest-bearing demand deposits 127,659 128,276 Savings deposits 23,116 23,655 Certificates of deposit 215,191 233,724 ———— ———— Total deposit accounts 404,609 430,281 Advances by borrowers for taxes and insurance 1,605 2,133 Interest payable 731 971 Deferred compensation 4,515 3,875 FHLB advances 180,730 210,759 Deferred income tax liability - 800 Other liabilities 5,127 4,604 ———— ———— Total liabilities 597,317 653,423 STOCKHOLDERS’ EQUITY Serial preferred stock, $. AND SUBSIDIARY ADDITIONAL FINANCIAL INFORMATION (Dollars in thousands, except share data) (Unaudited) At Or For At Or For The Year The Year Ended Ended Sept. read more

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