DORCHESTER, Mass.--(EON: Enhanced Online News)--Meetinghouse Bancorp, Inc. (OTC Pink: MTGB) (the “Company”), holding company for Meetinghouse Bank (the “Bank”), reported net loss for the three months ended December 31, 2016 of $36,000, compared to net income of $41,000 for the three months ended December 31, 2015.
|At December 31,|
|Selected Financial Condition Data:|
|Cash and cash equivalents||17,351||6,911|
|Federal Home Loan Bank advances||8,654||9,235|
|At December 31,|
|Interest and dividend income||$||994||$||1,100|
|Net interest and dividend income||754||874|
|(Benefit) provision for loan losses||(12||)||(6||)|
|Net interest and dividend income after provision for loan losses||766||880|
|Income before income taxes||(44||)||66|
|Income tax expense||(8||)||25|
This news release may contain certain forward-looking statements, such as statements of the Company’s or the Bank’s plans, objectives, expectations, estimates and intentions. Forward-looking statements may be identified by the use of words such as “expects,” “subject,” “believe,” “will,” “intends,” “will be” or “would.” These statements are subject to change based on various important factors (some of which are beyond the Company’s or the Bank’s control) and actual results may differ materially. Accordingly, readers should not place undue reliance on any forward-looking statements (which reflect management’s analysis of factors only as of the date of which they are given). These factors include general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, the ability of the Company or the Bank to effectively manage its growth and results of regulatory examinations, among other factors. The foregoing list of important factors is not exclusive.