PROVIDENT FINANCIAL HOLDINGS INC
For the period ended Jun 30, 2024. Filed Aug 30, 2024.
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FY2024 · Filed Aug 30, 2024
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Rate/Volume Variance
The following table sets forth the effects of changing rates and volumes on interest income and expense of the Corporation for the period presented. Information is provided with respect to the effects attributable to changes in volume (changes in volume multiplied by prior rate), the effects attributable to changes in rate (changes in rate multiplied by prior volume) and the effects attributable to changes that cannot be allocated between rate and volume.
| | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Year Ended June 30, 2024 Compared | ||||||||||||
| · · To Year Ended June 30, 2023 | ||||||||||||
| · · Increase (Decrease) Due to | ||||||||||||
| (In Thousands) · · Rate · · Volume · · Rate/Volume · · Net | ||||||||||||
| Interest-earning assets: · · · · | ||||||||||||
| Loans receivable(1) | | $6,098 | | $1,665 | | $240 | | $8,003 | ||||
| Investment securities | | 285 | | (347) | | (47) | | (109) | ||||
| FHLB – San Francisco and other equity investments | | 153 | | 73 | | 20 | | 246 | ||||
| Interest-bearing deposits | | 362 | | 178 | | 58 | | 598 | ||||
| Total net change in income on interest-earning assets | | 6,898 | | 1,569 | | 271 | | 8,738 | ||||
| | | | | | | | | | | | | |
| Interest-bearing liabilities: | | | | | ||||||||
| Checking and money market accounts | | 113 | | (36) | | (14) | | 63 | ||||
| Savings accounts | | 215 | | (29) | | (41) | | 145 | ||||
| Time deposits | | 3,175 | | 1,457 | | 1,680 | | 6,312 | ||||
| Borrowings | | 1,457 | | 2,262 | | 561 | | 4,280 | ||||
| Total net change in expense on interest-bearing liabilities | | 4,960 | | 3,654 | | 2,186 | | 10,800 | ||||
| Net increase (decrease) in net interest income | | $1,938 | | $(2,085) | | $(1,915) | | $(2,062) | ||||
| (1) | Includes non-performing loans. For purposes of calculating volume, rate and rate/volume variances, non-performing loans were included in the weighted average balance outstanding. |
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