The allowance for loan losses totaled $2.5 million, or 0.9% of total loans and 40.7% of non-performing loans at March 31, 2013 as compared to $1.9 million, or 0.7% of total loans and 13.4% of non-performing loans at September 30, 2012.Non-interest income amounted to $173,000 and $398,000 for the three and six month periods ended March 31, 2013, compared with $133,000 and $306,000 for the same periods in 2012. The fluctuation in the periods primarily related to decreases in the other than temporary impairment ("OTTI") charges related to non-agency mortgage-backed securities received by the Company as a result of its redemption in kind of an investment in a mutual fund.
Prudential Bancorp, Inc. Of Pennsylvania Announces Second Quarter Fiscal 2013 Results
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