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

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Pittsburgh, Thursday reported net incomd of $527,000 or 25 cents per diluted share for the quarter endedJune 30, its fourth. That was down nearlyh 29 percent from a year ago when WVS earned $738,000 or 33 cents per share. For its fiscakl year, WVS said net income was $2.9 million or $1.35 per dilutef share, down almost one-fourth from $3.8 million or $1.67 per diluted share last WVS attributed the decreases to a drop in net interesrt income and to the Federal DepositInsurancw Corp.’s emergency deposit insurance assessment. In May, the FDIC imposex a 5 basis point speciak assessment based ona bank’s assets.
WVS paid The FDIC may also levy additional 5 basis poinftspecial assessments, if needed, in the third and fourth quarters of calendarr year 2009. WVS is the parent of six-branch West View Savingss Bank. It is Pittsburgh’s 29th largest bank as ranked by deposit s and basedin Perrysville, a few miles northg of Pittsburgh