HVBC 2016 Annual Report

HV Bancorp, Inc. and Subsidiary Notes to the Consolidated Financial Statements Years Ended June 30, 2017 and 2016 92 17. CONDENSED FINANCIAL INFORMATION - PARENT COMPANY ONLY (Unaudited) On January 11, 2017, the mutual to stock conversion of the Bank was completed and HV Bancorp, Inc. became the parent holding company for the Bank. Below is the condensed financial information for the parent company only as follows: Condensed Statement of Financial Condition (dollars in thousands) June 30, 2017 Assets Cash and due from banks $ 1,452 Interest-bearing deposits with banks 271 Cash and cash equivalents 1,723 Investment securities available-for-sale, at fair value 4,973 Investment securities held-to-maturity (fair value of $1,006 at June 30, 2017) 1,000 Loan to ESOP 2,386 Premises and equipment, net 9 Accrued interest receivable 37 Prepaid federal income taxes 18 Prepaid expenses 24 Investment in Subsidiary 21,280 Other assets 84 Total Assets $ 31,534 Liabilities and Shareholders' Equity Liabilities Deferred income taxes, net $ 17 Other liabilities 76 Shareholders' equity 31,441 Total Liabilities and Shareholders' Equity $ 31,534