Revenue during the quarter went up marginally by 2.28 percent to $6.68 million from $6.53 million in the previous year period. Net interest income for the quarter rose 4.04 percent over the prior year period to $5.21 million. Non-interest income for the quarter fell 0.18 percent over the last year period to $1.67 million.

Westbury Bancorp Inc has made provision of $0.20 million for loan losses during the quarter, up 33.33 percent from $0.15 million in the same period last year.

Net interest margin contracted 12 basis points to 3.30 percent in the quarter from 3.42 percent in the last year period.

Greg Remus, president and chief executive officer, said, "Our earnings for the quarter are down as we have incurred the expenses required to open and staff our loan production office in the Madison market, which is new to Westbury. Our Madison team added $13.3 million in high quality commercial business and real estate loans to our portfolio in the month of December. We believe we will see additional growth and related revenue from this new business enhance our earnings in the quarters ahead."

Return on average assets moved down 24 basis points to 0.42 percent in the quarter from 0.66 percent in the last year period. At the same time, return on average equity decreased 138 basis points to 3.92 percent in the quarter from 5.30 percent in the last year period.

Meanwhile, nonperforming assets to total assets was 0.10 percent in the quarter, down from 0.11 percent in the last year period.

Average equity to average assets ratio was 10.76 percent for the quarter, down from 11.83 percent for the previous year quarter.