HVBC 2016 Annual Report

34 Item 6. Selected Financial Data The following tables set forth selected consolidated historical financial and other data of HV Bancorp and subsidiary at or for the year ended June 30, 2017. Selected historical financial and other data at or for the years ended June 30, 2016 and 2015 are for Huntingdon Valley Bank. The following information is only a summary, and should be read in conjunction with the business and financial information contained elsewhere in this annual report. The information at and for the years ended June 30, 2017 and 2016 is derived in part from, and should be read together with, the audited consolidated financial statements and notes thereto of HV Bancorp. and subsidiary beginning at page 50 of this annual report. The information at and for the year ended June 30, 2015 is derived in part from audited financial statements that are not included in this annual report. At June 30, 2017 2016 2015 (In thousands) Selected Financial Condition Data: Total assets $ 216,765 $ 182,023 $ 167,298 Cash and cash equivalents 28,577 15,427 15,596 Investment securities available-for-sale, at fair value 42,820 33,281 38,088 Investment securities held-to-maturity 11,809 5,825 4,744 Loans held for sale at fair value 12,784 24,676 16,261 Loans receivable, net 111,811 93,450 83,319 Deposits 170,481 141,771 142,877 Federal Home Loan Bank advances 9,000 20,000 7,000 Securities sold under agreements to repurchase 2,883 3,929 3,502 Total liabilities 185,324 169,052 155,842 Total equity 31,441 12,971 11,456 For the Years Ended June 30, 2017 2016 2015 (In thousands) Selected Data: Interest income $ 5,734 $ 5,302 $ 5,057 Interest expense 891 746 785 Net interest income 4,843 4,556 4,272 Provision for loan losses 201 9 79 Net interest income after provision for loan losses 4,642 4,547 4,193 Gain on sale of loans, net 5,515 4,116 3,840 Other non-interest income (loss) (573) 1,242 1,069 Non-interest income 4,942 5,358 4,909 Non-interest expense 8,820 8,354 8,339 Income before income taxes 764 1,551 763 Income tax expense 195 525 135 Net income $ 569 $ 1,026 $ 628