SFSB, the holding company of Slavie Federal Savings Bank, has reported net income of $142,000 or $0.05 per diluted share for the second quarter ended June 30, 2008, compared to a net loss of $38,000 or $0.01 per diluted share for the same period of 2007.
Net interest income after provision for loan losses was $988,000 for the second quarter ended June 30, 2008, compared to $654,000 for the same period of 2007. As of June 30, 2008, SFSB had total assets of $177.3 million, compared to $172.2 million as of December 31, 2007. Stockholders’ equity amounted to $21.6 million as of June 30, 2008, compared to $21.8 million as of December 31, 2007.
For the six months ended June 30, 2008, net income was $184,000 or $0.07 per diluted share as compared to a net loss of $48,000 or $0.02 per diluted share for the six months ended June 30, 2007. Net interest income after provision for loan losses was $1.85 million for the six months ended June 30, 2008, compared to $1.39 million for the same period of 2007.