Revenue during the quarter went down marginally by 0.34 percent to $18.49 million from $18.55 million in the previous year period. Net interest income for the quarter rose 12.67 percent over the prior year period to $9.09 million. Non-interest income for the quarter fell 11.46 percent over the last year period to $9.25 million.

Provident Financial Holdings, Inc has made negative provision of $0.15 million for loan losses during the quarter, compared with a negative provision of $0.04 million in the same period last year.

Net interest margin improved 26 basis points to 3.08 percent in the quarter from 2.82 percent in the last year period. Efficiency ratio for the quarter deteriorated to 85.23 percent from 77.56 percent in the previous year period. A rise in efficiency ratio suggests a fall in profitability.

"We continue to grow our preferred loan portfolio and are confident that the moderate pace of growth is the best strategy in the current environment where more rapid growth would require more liberal underwriting standards and, in our view, create unacceptable credit risk in the loan portfolio. Additionally, it is important to note that our growth is primarily funded with a combination of core deposits and long-term borrowings which we believe mitigates our interest rate risk," said Craig G. Blunden, chairman and chief executive officer of the Company. "Mortgage banking volume was favorable for the quarter although our loan sale margin declined to the lower end of the recent range as a result of weaker loan servicing premiums and a less profitable product composition. However, we expect better execution in the loan sale margin as we progress through our fiscal year as market volatility subsides," he concluded.

Deposits stood at $943.50 million as on Sep. 30, 2016, up 2.01 percent compared with $924.87 million on Sep. 30, 2015.

Investments stood at $47.07 million as on Sep. 30, 2016, up 230.05 percent or $32.81 million from year-ago. Shareholders equity stood at $133.22 million as on Sep. 30, 2016, down 4.33 percent or $6.03 million from year-ago.

Return on average assets moved down 30 basis points to 0.53 percent in the quarter from 0.83 percent in the last year period. At the same time, return on average equity decreased 217 basis points to 4.79 percent in the quarter from 6.96 percent in the last year period.

Nonperforming assets moved down 26.73 percent or $4.93 million to $13.51 million on Sep. 30, 2016 from $18.44 million on Sep. 30, 2015. Meanwhile, nonperforming assets to total assets was 1.09 percent in the quarter, down from 1.57 percent in the last year period.