Cheviot Financial Corp (CHEV, Financial) filed Annual Report for the period ended 2010-12-31.
Cheviot Financial Corp has a market cap of $76.2 million; its shares were traded at around $8.6001 with a P/E ratio of 37.4 and P/S ratio of 4.5. The dividend yield of Cheviot Financial Corp stocks is 5.1%. Cheviot Financial Corp had an annual average earning growth of 10.9% over the past 5 years.
General. Historically, our principal lending activity has been the origination, for retention in our portfolio, of fixed-rate and adjustable-rate mortgage loans collateralized by one- to four-family residential real estate located within our primary market area. We will sell a portion of our fixed-rate loans into the secondary market. We also originate commercial real estate loans, including multi-family residential real estate loans, construction loans, business lines of credit and consumer loans. During the past year our loan portfolio decreased to $225.4 million at December 31, 2010 from $247.0 million at December 31, 2009. The decrease in our loan portfolio reflects management s decision to take advantage of opportunities to obtain a higher rate of return by selling certain mortgage loans to the Federal Home Loan Bank. In addition, the decrease in our loan portfolio reflects lower levels of originations of one-to four-family loans and multi-family loans.
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Cheviot Financial Corp has a market cap of $76.2 million; its shares were traded at around $8.6001 with a P/E ratio of 37.4 and P/S ratio of 4.5. The dividend yield of Cheviot Financial Corp stocks is 5.1%. Cheviot Financial Corp had an annual average earning growth of 10.9% over the past 5 years.
Highlight of Business Operations:
Following completion of our mutual holding company reorganization and stock offering on January 5, 2004, Cheviot Financial Corp. (the “Company”) became the mid-tier stock holding company for Cheviot Savings Bank. The business of Cheviot Financial Corp. consists of holding all of the outstanding common stock of Cheviot Savings Bank. Cheviot Financial Corp. is chartered under Federal law. As part of our reorganization, we issued a total of 9,918,751 shares of common stock. Our mutual holding company parent, Cheviot Mutual Holding Company, received 5,455,313 of our common shares, and we sold 4,388,438 shares to our depositors and a newly formed Employee Stock Ownership Plan. In addition, 75,000 shares were issued to a charitable foundation formed by Cheviot Savings Bank. Under federal regulations, so long as Cheviot Mutual Holding Company exists, it will own at least 50.1% of the voting stock of Cheviot Financial Corp. At December 31, 2010, Cheviot Financial Corp. had total consolidated assets of $ 358.1 million, total deposits of $ 257.9 million, and stockholders equity of $69.4 million. For the years ended December 31, 2010 and 2009 we had net income of $2.0 million and $1.1 million, respectively. Our executive offices are located at 3723 Glenmore Avenue, Cheviot, Ohio 45211, and our telephone number is (513) 661-0457.General. Historically, our principal lending activity has been the origination, for retention in our portfolio, of fixed-rate and adjustable-rate mortgage loans collateralized by one- to four-family residential real estate located within our primary market area. We will sell a portion of our fixed-rate loans into the secondary market. We also originate commercial real estate loans, including multi-family residential real estate loans, construction loans, business lines of credit and consumer loans. During the past year our loan portfolio decreased to $225.4 million at December 31, 2010 from $247.0 million at December 31, 2009. The decrease in our loan portfolio reflects management s decision to take advantage of opportunities to obtain a higher rate of return by selling certain mortgage loans to the Federal Home Loan Bank. In addition, the decrease in our loan portfolio reflects lower levels of originations of one-to four-family loans and multi-family loans.
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