XML 51 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENT OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2015
Mar. 31, 2014
INTEREST AND DIVIDEND INCOME:        
Loans, including fees $ 430us-gaap_InterestAndFeeIncomeLoansAndLeases $ 388us-gaap_InterestAndFeeIncomeLoansAndLeases $ 1,182us-gaap_InterestAndFeeIncomeLoansAndLeases $ 1,217us-gaap_InterestAndFeeIncomeLoansAndLeases
Investment securities - taxable 382us-gaap_InterestIncomeSecuritiesTaxable 318us-gaap_InterestIncomeSecuritiesTaxable 1,013us-gaap_InterestIncomeSecuritiesTaxable 1,214us-gaap_InterestIncomeSecuritiesTaxable
Mortgage-backed securities 670us-gaap_InterestIncomeSecuritiesMortgageBacked 707us-gaap_InterestIncomeSecuritiesMortgageBacked 2,219us-gaap_InterestIncomeSecuritiesMortgageBacked 1,769us-gaap_InterestIncomeSecuritiesMortgageBacked
Certificates of deposit 1us-gaap_OtherInterestAndDividendIncome 3us-gaap_OtherInterestAndDividendIncome 5us-gaap_OtherInterestAndDividendIncome 7us-gaap_OtherInterestAndDividendIncome
Interest-earning demand deposits 1us-gaap_InterestIncomeDepositsWithFinancialInstitutions    1us-gaap_InterestIncomeDepositsWithFinancialInstitutions 1us-gaap_InterestIncomeDepositsWithFinancialInstitutions
FHLB Stock 256us-gaap_InterestIncomeFederalHomeLoanBankAdvances 31us-gaap_InterestIncomeFederalHomeLoanBankAdvances 376us-gaap_InterestIncomeFederalHomeLoanBankAdvances 65us-gaap_InterestIncomeFederalHomeLoanBankAdvances
Total interest and dividend income 1,740us-gaap_InterestAndDividendIncomeOperating 1,447us-gaap_InterestAndDividendIncomeOperating 4,796us-gaap_InterestAndDividendIncomeOperating 4,273us-gaap_InterestAndDividendIncomeOperating
INTEREST EXPENSE:        
Deposits 52us-gaap_InterestExpenseDeposits 85us-gaap_InterestExpenseDeposits 166us-gaap_InterestExpenseDeposits 253us-gaap_InterestExpenseDeposits
Federal Home Loan Bank advances - long-term - fixed rate 138wvfc_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTermFixedRate 207wvfc_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTermFixedRate 422wvfc_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTermFixedRate 628wvfc_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTermFixedRate
Federal Home Loan Bank advances - long-term - variable rate 76wvfc_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTermVariableRate    219wvfc_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTermVariableRate   
Federal Home Loan Bank advances - short-term 16us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm 56us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm 48us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm 165us-gaap_InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
Other short-term borrowings 2us-gaap_InterestExpenseOtherShortTermBorrowings 3us-gaap_InterestExpenseOtherShortTermBorrowings 2us-gaap_InterestExpenseOtherShortTermBorrowings 4us-gaap_InterestExpenseOtherShortTermBorrowings
Total interest expense 284us-gaap_InterestExpense 351us-gaap_InterestExpense 857us-gaap_InterestExpense 1,050us-gaap_InterestExpense
NET INTEREST INCOME 1,456us-gaap_InterestIncomeExpenseNet 1,096us-gaap_InterestIncomeExpenseNet 3,939us-gaap_InterestIncomeExpenseNet 3,223us-gaap_InterestIncomeExpenseNet
PROVISION FOR LOAN LOSSES 31us-gaap_ProvisionForLoanAndLeaseLosses 5us-gaap_ProvisionForLoanAndLeaseLosses 52us-gaap_ProvisionForLoanAndLeaseLosses (82)us-gaap_ProvisionForLoanAndLeaseLosses
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 1,425us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 1,091us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 3,887us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 3,305us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
NON-INTEREST INCOME:        
Service charges on deposits 33us-gaap_FeesAndCommissionsDepositorAccounts 40us-gaap_FeesAndCommissionsDepositorAccounts 119us-gaap_FeesAndCommissionsDepositorAccounts 142us-gaap_FeesAndCommissionsDepositorAccounts
Earnings on Bank Owned Life Insurance 35us-gaap_BankOwnedLifeInsuranceIncome 37us-gaap_BankOwnedLifeInsuranceIncome 105us-gaap_BankOwnedLifeInsuranceIncome 99us-gaap_BankOwnedLifeInsuranceIncome
Other than temporary impairment ("OTTI") losses    43us-gaap_ImpairmentOfInvestments    43us-gaap_ImpairmentOfInvestments
Portion of loss (gain) recognized in other comprehensive income (before taxes)    (62)us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax    (62)us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
Net impairment loss recognized in earnings    (19)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet    (19)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
Other 64us-gaap_NoninterestIncomeOther 54us-gaap_NoninterestIncomeOther 192us-gaap_NoninterestIncomeOther 174us-gaap_NoninterestIncomeOther
Total non-interest income 132us-gaap_NoninterestIncome 112us-gaap_NoninterestIncome 416us-gaap_NoninterestIncome 396us-gaap_NoninterestIncome
NON-INTEREST EXPENSE:        
Salaries and employee benefits 532us-gaap_LaborAndRelatedExpense 538us-gaap_LaborAndRelatedExpense 1,614us-gaap_LaborAndRelatedExpense 1,581us-gaap_LaborAndRelatedExpense
Occupancy and equipment 90us-gaap_OccupancyNet 83us-gaap_OccupancyNet 245us-gaap_OccupancyNet 252us-gaap_OccupancyNet
Data processing 62us-gaap_InformationTechnologyAndDataProcessing 64us-gaap_InformationTechnologyAndDataProcessing 180us-gaap_InformationTechnologyAndDataProcessing 183us-gaap_InformationTechnologyAndDataProcessing
Correspondent bank service charges 10wvfc_NoninterestExpenseCorrespondentClearingCharges 10wvfc_NoninterestExpenseCorrespondentClearingCharges 29wvfc_NoninterestExpenseCorrespondentClearingCharges 33wvfc_NoninterestExpenseCorrespondentClearingCharges
Federal deposit insurance premium 40us-gaap_FederalDepositInsuranceCorporationPremiumExpense 49us-gaap_FederalDepositInsuranceCorporationPremiumExpense 131us-gaap_FederalDepositInsuranceCorporationPremiumExpense 144us-gaap_FederalDepositInsuranceCorporationPremiumExpense
Other 160us-gaap_OtherNoninterestExpense 169us-gaap_OtherNoninterestExpense 598us-gaap_OtherNoninterestExpense 538us-gaap_OtherNoninterestExpense
Total non-interest expense 894us-gaap_NoninterestExpense 913us-gaap_NoninterestExpense 2,797us-gaap_NoninterestExpense 2,731us-gaap_NoninterestExpense
INCOME BEFORE INCOME TAXES 663us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 290us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 1,506us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 970us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
INCOME TAX EXPENSE 203us-gaap_IncomeTaxExpenseBenefit 92us-gaap_IncomeTaxExpenseBenefit 481us-gaap_IncomeTaxExpenseBenefit 329us-gaap_IncomeTaxExpenseBenefit
NET INCOME $ 460us-gaap_NetIncomeLoss $ 198us-gaap_NetIncomeLoss $ 1,025us-gaap_NetIncomeLoss $ 641us-gaap_NetIncomeLoss
EARNINGS PER SHARE:        
Basic $ 0.22us-gaap_EarningsPerShareBasic $ 0.10us-gaap_EarningsPerShareBasic $ 0.50us-gaap_EarningsPerShareBasic $ 0.31us-gaap_EarningsPerShareBasic
Diluted $ 0.22us-gaap_EarningsPerShareDiluted $ 0.10us-gaap_EarningsPerShareDiluted $ 0.50us-gaap_EarningsPerShareDiluted $ 0.31us-gaap_EarningsPerShareDiluted
AVERAGE SHARES OUTSTANDING:        
Basic 2,050,430us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 2,057,930us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 2,050,658us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 2,057,930us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 2,050,430us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 2,057,930us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 2,050,658us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 2,057,930us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding