Net Interest Income ImprovesNet interest income continued to improve during the quarter to $5.7 million, an increase of $12,000, or 0.2%, over the linked quarter ended March 31, 2012. In this continued low-rate environment, the Company has been able to lower its funding costs at a slightly greater amount than the decline in the yield on its earning assets. This improvement is largely attributable to a higher level of performing interest-earning assets as the Company continues to successfully resolve and reduce its level of nonperforming assets. The net interest margin for the quarter was 3.07%, a slight decrease from the prior quarter net interest margin of 3.10%, as the mix of the higher level of interest-earning assets was less favorable as the Company works to redeploy its overnight funds position.
PVF Capital Corp. Announces Fiscal 2012 Fourth-Quarter Earnings And Full-Year Financial Results
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