HVBC 2016 Annual Report

HV Bancorp, Inc. and Subsidiary Notes to the Consolidated Financial Statements Years Ended June 30, 2017 and 2016 95 18. Consolidated Summary of Quarterly Earnings (Unaudited) The following table presents summarized quarterly data for 2017 and 2016: June 30, 2017 (Dollars in thousands) 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Total Interest Income $ 1,401 $ 1,346 $ 1,491 $ 1,496 Total Interest Expense 213 204 239 235 Net Interest Income 1,188 1,142 1,252 1,261 Provision (Credit) for Loan Losses 123 12 (12) 78 Total Non-Interest Income 1,368 878 1,293 1,403 Total Non-Interest Expense 2,062 2,007 2,418 2,333 Income before income taxes 371 1 139 253 Income tax expense (benefit) 118 (38) 41 74 Net income 253 39 98 179 Basic earnings per share (1) N/A N/A 0.05 0.08 Diluted earnings per share (1) N/A N/A 0.05 0.08 June 30, 2016 (Dollars in thousands) 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Total Interest Income $ 1,298 $ 1,303 $ 1,300 $ 1,401 Total Interest Expense 189 186 186 185 Net Interest Income 1,109 1,117 1,114 1,216 Provision (Credit) for Loan Losses (46) 3 26 26 Total Non-Interest Income 994 1,164 1,266 1,934 Total Non-Interest Expense 1,778 2,108 2,145 2,323 Income before income taxes 371 170 209 801 Income tax expense 129 52 40 304 Net income 242 118 169 497 Basic earnings per share N/A N/A N/A N/A Diluted earnings per share N/A N/A N/A N/A (1) Earnings per share is computed independently for each period. The sum of the individual quarters may not equal the annual earnings per share.