NASB Financial Inc. Reports Operating Results (10-Q)
Nasb Financial, Inc. has a market cap of $172.9 million; its shares were traded at around $22.06 with a P/E ratio of 9.5 and P/S ratio of 1.8.
Highlight of Business Operations:Investment securities were $266.3 million as of December 31, 2012, an increase of $52.1 million from September 30, 2012. During the three month period, the Bank purchased $52.5 million of securities available for sale. There were no sales of investment securities during the three month period ended December 31, 2012.
Mortgage-backed securities were $24.2 million as of December 31, 2012, a decrease of $2.3 million from the prior year end. There were no sales of mortgage-backed securities during the three month period ended December 31, 2012. The average yield on the mortgage-backed securities portfolio was 4.51% at December 31, 2012, a decrease from 4.72% at December 31, 2011.
The following table presents the total dollar amounts of interest income and expense on the indicated amounts of average interest-earning assets or interest-costing liabilities for the three months ended December 31, 2012 and 2011. Average yields reflect reductions due to non-accrual loans. Once a loan becomes 90 days delinquent, or when full payment of interest and principal is not expected, any interest that has accrued up to that time is reversed and no further interest income is recognized unless the loan is paid current. Average balances and weighted average yields for the periods include all accrual and non-accrual loans. The table also presents the interest-earning assets and yields for each respective period. Dollar amounts are expressed in thousands.
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