PVF Capital Corp. of Solon, Ohio, said Wednesday that it earned $1.42 million in the October-December quarter, the second of its fiscal year, 5.2% more than a year earlier.
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But first-half earnings slipped 37%, to $2.69 million, said PVF, the holding company for the $802 million-asset Park View Federal Savings Bank.
It blamed a decline in mortgage banking activity. First-half noninterest income dropped 63%, to $1.5 million, mostly because of lower gains from the sale of loans.
PVF said it held $549 million of deposits on Dec. 31, 4% more than on June 30. Its portfolio of loans and mortgage-backed securities also rose 4%, to $685 million.
