West View Savings parent reports fourth-quarter net income down year-over-year - Pittsburgh Business Times:

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Pittsburgh, Thursday reported net income of $527,000 or 25 centsx per diluted share for the quarter endedJune 30, its That was down nearly 29 percent from a year ago when WVS earned $738,000 or 33 cents per For its fiscal year, WVS said net income was $2.9 million or $1.35 per dilutesd share, down almost one-fourth from $3.8 million or $1.67 per diluted share last year. WVS attribute d the decreases to a drop in net interest income and to the Federal DepositInsurance Corp.’ss emergency deposit insurance In May, the FDIC imposed a 5 basisa point special assessment based on a bank’sx assets.
WVS paid The FDIC may also levy additional 5 basis pointspecial assessments, if in the third and fourtn quarters of calendar year 2009. WVS is the paren t of six-branch West View Savings It is Pittsburgh’s 29th largesy bank as ranked by deposits and basedin Perrysville, a few miles north of Pittsburgh