HVBC 2016 Annual Report

HV Bancorp, Inc. and Subsidiary Notes to the Consolidated Financial Statements Years Ended June 30, 2017 and 2016 93 17. CONDENSED FINANCIAL INFORMATION – PARENT COMPANY ONLY (unaudited) (continued) Condensed Statement of Operations (dollars in thousands) Year ended June 30, 2017 Interest Income Interest and dividends on investments: Taxable $ 28 Interest on mortgage-backed securities and collateralized mortgage obligations 22 Interest on interest-bearing deposits 8 Interest from ESOP Loan 40 Total Interest Income 98 Non-Interest Expense Occupancy 2 Professional fees 95 Other expenses 67 Total Non-Interest Expense 164 Loss before income taxes (66) Income Tax Benefit (26) Loss before equity in undistributed net earnings of subsidiary (40) Equity in undistributed net earnings of subsidiary 609 Net Income $ 569 Net Income per share: Basic $ 0.56 Diluted $ 0.56 Condensed Statement of Comprehensive Income (dollars in thousands) Year ended June 30, 2017 Comprehensive Income, Net of Taxes Net income $ 569 Other comprehensive gain, net of tax Unrealized gain on available-for-sale securities (pre-tax $31) 18 Other comprehensive income 18 Comprehensive Income $ 587