Roma Financial Corp. in Robbinsville, N.J., reported that its profit for 2011 rose almost 37% from a year earlier, to $7 million, because of loan growth and a lower loan-loss provision.

The $1.9 billion-asset company said in a regulatory filing Monday that net loans receivable at Dec. 31 rose more than 7% from a year earlier, to $962 million. Conventional one-to-four family mortgages rose 10% from the end of 2010, to $394 million, because of a lower interest rates and demand for refinancing.

Commercial and multifamily mortgages, construction and commercial loans increased almost 6% from a year earlier, to $367 million. Home equity and consumer loans increased roughly 7% to $219 million.

Total chargeoffs totaled $9 million, four times higher than a year earlier. The company's provision for the year fell more than 34% from 2010, to $4.5 million.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.