July
27, 2010
Contact:
Edward F. Seserko
President and CEO
(412) 681-8400
EUREKA FINANCIAL CORP.
ANNOUNCES EARNINGS
FOR THE THREE AND NINE MONTHS ENDED JUNE 30, 2010
Pittsburgh,
Pennsylvania – Eureka Financial Corp., (the "Company"), the
parent holding company for Eureka Bank (the Bank), Pittsburgh,
Pennsylvania, today announced earnings for the three and nine months
ended June 30, 2010. For the three months ended June 30, 2010, the
Company reported net income of $264,000, or $0.21 diluted earnings per
share, as compared to net income of $151,000, or $0.12 diluted earnings
per share, for the three months ended June 30, 2009. For the nine months
ended June 30, 2010, the Company reported net income of $722,000, or
$.57 diluted earnings per share, as compared to net income of $3.2
million, or $2.56 diluted earnings per share, for the nine months ended
June 30, 2009. The earnings for the nine months ended June 30, 2009,
include a deferred tax benefit of $2.6 million related to an
other-than-temporary impairment charge of $7.8 million on the Company’s
Fannie Mae and Freddie Mac preferred stock holdings at September 30,
2008. This deferred tax benefit was not recorded until the first quarter
of fiscal 2009 as a result of the Emergency Economic Stabilization Act
of 2008 not being enacted into law until October 3, 2008.
The Bank, founded in
1886, is a federally chartered stock savings bank and operates two
offices in Pittsburgh. The Company’s common stock trades in the
over-the-counter market under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.
|
EUREKA FINANCIAL CORPORATION |
|
Selected Financial Data |
|
(Dollars in thousands except per share data) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Unaudited) |
|
|
|
|
|
|
|
|
June 30, |
|
September 30, |
|
|
|
|
|
|
2010 |
|
2009 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
|
$ |
124,371 |
$ |
108,791 |
|
|
|
Cash and investments |
|
|
|
21,042 |
|
9,908 |
|
|
|
Loans receivable, net |
|
|
|
96,297 |
|
94,490 |
|
|
|
Allowance for loan losses |
|
|
|
(872) |
|
(832) |
|
|
|
Deposits |
|
|
|
107,664 |
|
91,774 |
|
|
|
Total liabilities |
|
|
|
110,343 |
|
94,987 |
|
|
|
Stockholders' equity |
|
|
$ |
14,028 |
$ |
13,804 |
|
|
|
|
|
|
|
|
|
|
|
|
Nonaccrual loans |
|
|
$ |
118 |
$ |
152 |
|
|
|
Repossessed real estate |
|
|
|
0 |
|
0 |
|
|
|
Total nonperforming assets |
|
|
$ |
118 |
$ |
152 |
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses to nonperforming
loans |
|
|
|
738.98% |
|
547.37% |
|
|
|
Nonperforming loans to net loans |
|
|
|
0.12% |
|
0.16% |
|
|
|
Nonperforming assets to total assets |
|
|
|
0.09% |
|
0.14% |
|
|
|
Book value per share |
|
|
$ |
11.12 |
$ |
10.95 |
|
|
|
Number of common shares outstanding |
|
|
|
1,261,231 |
|
1,260,287 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Unaudited) |
|
(Unaudited) |
|
|
Three Months Ended |
|
Nine Months Ended |
|
|
June 30, |
|
June 30, |
|
|
2010 |
|
2009 |
|
2010 |
|
2009 |
|
|
|
|
|
|
|
|
|
|
|
Interest income |
$ |
1,568 |
$ |
1,477 |
$ |
4,616 |
$ |
4,473 |
|
Interest expense |
|
496 |
|
595 |
|
1,557 |
|
1,841 |
|
Net interest income |
|
1,072 |
|
882 |
|
3,059 |
|
2,632 |
|
Provision for loan losses |
|
20 |
|
20 |
|
40 |
|
60 |
|
|
|
|
|
|
|
|
|
|
Net interest income after provision for loan
losses |
|
1,052 |
|
862 |
|
3,019 |
|
2,572 |
|
Noninterest income |
|
19 |
|
18 |
|
53 |
|
58 |
|
Noninterest expense |
|
653 |
|
704 |
|
1,936 |
|
1,873 |
|
|
|
|
|
|
|
|
|
|
Income before income taxes |
|
418 |
|
176 |
|
1,136 |
|
757 |
|
Income tax (benefit) expense |
|
154 |
|
25 |
|
414 |
|
(2,452) |
|
|
|
|
|
|
|
|
|
|
Net income |
$ |
264 |
$ |
151 |
$ |
722 |
$ |
3,209 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|

June
22, 2010
Contact: Gary B.
Pepper
Chief Financial Officer
(412) 681-8400
EUREKA FINANCIAL CORP.
ANNOUNCES
QUARTERLY CASH DIVIDEND
Pittsburgh,
Pennsylvania – June 22, 2010– Edward F. Seserko, President of Eureka
Financial Corp., Pittsburgh, Pennsylvania, announced today that the
Corporation’s Board of Directors approved a regular quarterly cash
dividend of $.15 per share. The $.15 cash dividend will be paid, on or
about July 31, 2010, to stockholders of record as of July 15, 2010.
Eureka Bank, founded in
1886, is a federally chartered stock savings bank and operates two
offices. Eureka Financial Corp’s common stock is traded on the OTC
(Over the Counter Market) under the symbol "EKFC."
The foregoing material
may contain forward-looking statements co ncerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.

April
23, 2010
Contact:
Edward F. Seserko
President and CEO
(412) 681-8400
EUREKA FINANCIAL CORP.
ANNOUNCES EARNINGS
FOR THE THREE AND SIX MONTHS ENDED MARCH 31, 2010
Pittsburgh,
Pennsylvania – Eureka Financial Corp., (the "Company"), the
parent holding company for Eureka Bank (the Bank), Pittsburgh,
Pennsylvania, today announced earnings for the three and six months
ended March 31, 2010. For the three months ended March 31, 2010, the
Company reported net income of $224,000, or $0.18 diluted earnings per
share, as compared to net income of $206,000, or $0.16 diluted earnings
per share, for the three months ended March 31, 2009. For the six months
ended March 31, 2010, the Company reported net income of $458,000, or
$0.36 diluted earnings per share, as compared to net income of $3.1
million, or $2.44 diluted earnings per share, for the six months ended
March 31, 2009. The earnings for the six months ended March 31, 2009
included a deferred tax benefit of $2.6 million related to an
other-than-temporary impairment charge of $7.8 million on the Company’s
Fannie Mae and Freddie Mac preferred stock holdings at September 30,
2008. This deferred tax benefit was not recorded until the first quarter
of fiscal 2009 as a result of the Emergency Economic Stabilization Act
of 2008 not being enacted into law until October 3, 2008.
The Bank, founded in
1886, is a federally chartered stock savings bank and operates two
offices in Pittsburgh. The Company’s common stock trades in the
over-the-counter market under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.


March
19, 2010
Contact: Gary B.
Pepper
Chief Financial Officer
(412) 681-8400
EUREKA FINANCIAL CORP.
ANNOUNCES
QUARTERLY CASH DIVIDEND
Pittsburgh,
Pennsylvania – March 19, 2010– Edward F. Seserko, President of
Eureka Financial Corp., Pittsburgh, Pennsylvania, announced today
that the Corporation’s Board of Directors approved a regular quarterly
cash dividend of $.15 per share. The $.15 cash dividend will be paid, on
or about April 30, 2010, to stockholders of record as of April 15, 2010.
Eureka Bank, founded in
1886, is a federally chartered stock savings bank and operates two
offices. Eureka Financial Corp’s common stock is traded on the OTC
(Over the Counter Market) under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.

February
1, 2010
Contact:
Edward F. Seserko
President and CEO
(412) 681-8400
EUREKA
FINANCIAL CORPORATION ANNOUNCES EARNINGS
FOR THE FIRST QUARTER ENDED DECEMBER 31, 2009
Pittsburgh, Pennsylvania – Eureka
Financial Corporation, (the "Company"), Pittsburgh,
Pennsylvania, announced that earnings for the quarter ended December
31, 2009, were $234,000, or $.19 diluted earnings per share, as compared
to earnings of $2.9 million, or $2.26 diluted earnings per share, for
the quarter ended December 31, 2008. The earnings for the quarter ended
December 31, 2008, included a deferred tax benefit of $2.6 million.
Excluding the deferred tax benefit, the Company would have earned
$205,000, or $.16 diluted earnings per share. The deferred tax benefit
of $2.6 million is related to the other-than-temporary impairment charge
of $7.8 million on Fannie Mae and Freddie Mac preferred stock holdings
at September 30, 2008. This deferred tax benefit was not recorded until
the first quarter as a result of the Emergency Economic Stabilization
Act of 2008 not being enacted into law until October 3, 2008.
The Bank, founded in 1886, is a
federally chartered stock savings bank and operates two offices in
Pittsburgh
. The Company’s common stock trades in the over-the-counter market
under the symbol "EKFC."
The
foregoing material may contain forward-looking statements concerning the
financial condition, results of operations and business of the Company.
We caution that such statements are subject to a number of uncertainties
and actual results could differ materially and, therefore, readers
should not place undue reliance on any forward-looking statements. The
Company does not undertake, and specifically disclaims, any obligation
to publicly release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.


December
22, 2009
Contact: Gary B.
Pepper
Chief Financial Officer
(412) 681-8400
EUREKA FINANCIAL
CORP. ANNOUNCES
QUARTERLY CASH DIVIDEND
Pittsburgh,
Pennsylvania – December 22, 2009– Edward F. Seserko, President of
Eureka Financial Corp., Pittsburgh, Pennsylvania, announced today
that the Corporation’s Board of Directors approved a regular quarterly
cash dividend of $.15 per share. The $.15 cash dividend will be paid to
stockholders of record as of January 15, 2010, on or about January 31,
2010. Eureka Financial Corp’s common stock is traded on the OTC (Over
the Counter Market) under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.

November
2, 2009
Contact:
Edward F. Seserko
President and CEO
(412) 681-8400
EUREKA FINANCIAL CORP. ANNOUNCES
EARNINGS
FOR THE FOURTH QUARTER AND YEAR ENDED SEPTEMBER 30, 2009
Pittsburgh
,
Pennsylvania
– Eureka Financial Corp. (the “Company”), the parent holding
company for Eureka Bank,
Pittsburgh
,
Pennsylvania
, today announced earnings for the fourth quarter and year ended
September 30, 2009. For the
three months ended September 30, 2009, the Company earned $171,000, or
$0.14 diluted earnings per share, as compared to a loss of $7,700,000,
or ($11.88) diluted earnings per share, for the three months ended
September 30, 2008. For the
fiscal year ended September 30, 2009, the Company earned $3,380,000, or
$2.69 diluted earnings per share, as compared to a loss of $7,200,000,
or ($5.70) diluted earnings per share, for the fiscal year ended
September 30, 2008. The
earnings for the fiscal year-ended September 30, 2009 included a
deferred tax benefit of $2.6 million related to an other-than-temporary
impairment charge of $7.7 million on the Company’s Fannie Mae and
Freddie Mac preferred stock holdings at September 30, 2008.
This deferred tax benefit was not recorded until the first
quarter of fiscal 2009 as a result of the Emergency Economic
Stabilization Act of 2008 not being enacted into law until October 3,
2008.
President
and Chief Executive Officer Edward Seserko stated “The Bank has
rebounded strongly in fiscal year 2009 and proceeded with restoring net
income to normal levels and increased capital in the process. At
September 30, 2009, the Bank had a risk-based capital ratio of over 17%,
which far exceeds regulatory requirements.”
The
Bank, founded in 1886, is a federally chartered stock savings bank and
operates two offices in the city of
Pittsburgh
. The Company’s common
stock trades in the over-the-counter market under the symbol “EKFC.”
The
foregoing material may contain forward-looking statements concerning the
financial condition, results of operations and business of the Company.
We caution that such statements are subject to a number of
uncertainties and actual results could differ materially and, therefore,
readers should not place undue reliance on any forward-looking
statements. The Company does
not undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.
|
|
EUREKA
FINANCIAL CORPORATION |
|
Selected
Financial Data |
|
(Dollars
in thousands except per share data) |
|
|
(Unaudited) |
|
|
September
30, |
September 30,
|
|
2009
|
|
2008
|
|
|
| Total
assets |
|
|
$108,685 |
|
$93,984 |
|
| Cash
and investments |
|
|
9,908 |
|
8,172 |
|
| Loans
receivable, net |
|
|
94,521 |
|
82,651 |
|
| Allowance
for loan losses |
|
|
(801) |
|
(760) |
|
| Deposits |
|
|
91,774 |
|
80,229 |
|
| Total
liabilities |
|
|
94,893 |
|
83,362 |
|
| Stockholders'
equity |
|
|
$13,792 |
|
$10,622 |
|
|
|
|
|
|
|
| Nonaccrual
loans |
|
|
$152 |
|
$321 |
|
| Repossessed
real estate |
|
|
0 |
|
0 |
|
| Total
nonperforming assets |
|
|
$152 |
|
$321 |
|
|
|
|
|
|
| Allowance
for loan losses to nonperforming loans |
|
|
526.97% |
|
236.76% |
|
| Nonperforming
loans to net loans |
|
|
0.16% |
|
0.39% |
|
| Nonperforming
assets to total assets |
|
|
0.14% |
|
0.34% |
|
| Book
value per share |
|
|
$10.94 |
|
$8.58 |
|
| Number
of common shares outstanding |
|
|
1,260,287 |
|
1,237,898 |
|
|
|
|
|
|
|
|
|
|
(Unaudited) |
|
(Unaudited) |
|
Three
Months Ended |
|
Twelve
Months Ended |
|
September
30, |
|
September
30, |
|
2009
|
|
2008
|
|
2009
|
|
2008
|
|
| Interest
income |
|
$1,516 |
|
$1,438 |
|
$5,989 |
|
$6,075 |
| Interest
expense |
|
552 |
|
672 |
|
2,393 |
|
2,898 |
|
Net interest income |
|
964 |
|
766 |
|
3,596 |
|
3,177 |
| Provision
for loan losses |
|
37 |
|
90 |
|
97 |
|
170 |
|
|
|
|
|
| Net
interest income after provision for loan losses |
927 |
|
676 |
|
3,499 |
|
3,007 |
| Noninterest
income |
|
22 |
|
36 |
|
80 |
|
120 |
| Noninterest
expense |
|
668 |
|
8,457 |
|
2,541 |
|
10,296 |
|
|
|
|
|
| Income
before income taxes |
|
281 |
|
(7,745) |
|
1,038 |
|
(7,169) |
| Income
tax (benefit) expense |
|
110 |
|
(38) |
|
(2,342) |
|
65 |
|
|
|
|
|
| Net
income |
|
$171 |
|
$(7,707) |
|
$3,380 |
|
$(7,234) |
| |
| Information for
inclusion in narrative: |
|
|
|
|
|
|
|
| Net Income |
|
$171 |
$ |
(7,707) |
|
$3,380 |
|
$(7,234) |
|
|
|
|
|
|
|
|
| Earnings Per Share - Basic |
|
$0.14 |
$ |
(12.39) |
|
$2.70 |
|
$(5.84) |
|
|
|
|
|
|
| Earnings Per Share - Diluted |
|
$0.14 |
$ |
(11.88) |
|
$2.69 |
|
$(5.70) |

September
22, 2009
Contact: Gary B.
Pepper
Chief Financial Officer
(412) 681-8400
EUREKA FINANCIAL CORP.
ANNOUNCES
QUARTERLY CASH DIVIDEND
Pittsburgh,
Pennsylvania – September 22, 2009– Edward F. Seserko, President of
Eureka Financial Corp., Pittsburgh, Pennsylvania, announced today
that the Corporation’s Board of Directors approved a regular quarterly
cash dividend of $.15 per share. The $.15 cash dividend will be paid, on
or about October 31, 2009, to stockholders of record as of October 15,
2009.
Eureka Bank, founded in
1886, is a federally chartered stock savings bank and operates two
offices. Eureka Financial Corp’s common stock is traded on the OTC
(Over the Counter Market) under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.

July
22, 2009
Contact:
Edward F. Seserko
President and CEO
(412) 681-8400
EUREKA FINANCIAL CORP.
ANNOUNCES EARNINGS
FOR THE THREE AND NINE MONTHS ENDED JUNE 30, 2009
Pittsburgh,
Pennsylvania – Eureka Financial Corp., (the "Company"), the
parent holding company for Eureka Bank (the Bank), Pittsburgh,
Pennsylvania, today announced earnings for the three and nine months
ended June 30, 2009. For the three months ended June 30, 2009, the
Company reported net income of $151,000, or $0.12 diluted earnings per
share, as compared to net income of $169,000, or $0.13 diluted earnings
per share, for the three months ended June 30, 2008. For the nine months
ended June 30, 2009, the Company reported net income of $3.2 million, or
$2.56 diluted earnings per share, as compared to net income of $473,000,
or $0.37 diluted earnings per share, for the nine months ended June 30,
2008. The earnings for the nine months ended June 30, 2009, include a
deferred tax benefit of $2.6 million related to an other-than-temporary
impairment charge of $7.8 million on the Company’s Fannie Mae and
Freddie Mac preferred stock holdings at September 30, 2008. This
deferred tax benefit was not recorded until the first quarter of fiscal
2009 as a result of the Emergency Economic Stabilization Act of 2008 not
being enacted into law until October 3, 2008.
The Bank, founded in
1886, is a federally chartered stock savings bank and operates two
offices in Pittsburgh. The Company’s common stock trades in the
over-the-counter market under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.


June
17, 2009
Contact:
Gary B. Pepper
Chief Financial Officer
(412) 681-8400
EUREKA FINANCIAL
CORP. ANNOUNCES
QUARTERLY CASH DIVIDEND
Pittsburgh,
Pennsylvania – June 17, 2009– Edward F. Seserko, President of Eureka
Financial Corp., Pittsburgh, Pennsylvania, announced today that the
Corporation’s Board of Directors approved a regular quarterly cash
dividend of $.15 per share. The $.15 cash dividend will be paid, on or
about July 31, 2009, to stockholders of record as of July 15, 2009.
Eureka Bank, founded in
1886, is a federally chartered stock savings bank and operates two
offices. Eureka Financial Corp’s common stock is traded on the OTC
(Over the Counter Market) under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.

April
23, 2009
Contact:
Edward F. Seserko
President and CEO
(412) 681-8400
EUREKA FINANCIAL CORP.
ANNOUNCES EARNINGS
FOR THE THREE AND SIX MONTHS ENDED MARCH 31, 2009
Pittsburgh,
Pennsylvania – Eureka Financial Corp., (the "Company"), the
parent holding company for Eureka Bank (the Bank), Pittsburgh,
Pennsylvania, today announced earnings for the three and six months
ended March 31, 2009. For the three months ended March 31, 2009, the
Company reported net income of $206,000, or $0.16 diluted earnings per
share, as compared to net income of $158,000, or $0.12 diluted earnings
per share, for the three months ended March 31, 2008. For the six months
ended March 31, 2009, the Company reported net income of $3.1 million,
or $2.44 diluted earnings per share, as compared to net income of
$304,000, or $0.24 diluted earnings per share, for the six months ended
March 31, 2008. The earnings for the six months ended March 31, 2009
include a deferred tax benefit of $2.6 million related to an
other-than-temporary impairment charge of $7.8 million on the Company’s
Fannie Mae and Freddie Mac preferred stock holdings at September 30,
2008. This deferred tax benefit was not recorded until the first quarter
of fiscal 2009 as a result of the Emergency Economic Stabilization Act
of 2008 not being enacted into law until October 3, 2008.
Eureka Bank, founded in
1886, is a federally chartered stock savings bank and operates two
offices. The Company’s common
stock trades in the over-the-counter market under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.


April
21, 2009
Contact: Gary B.
Pepper
Chief Financial Officer
(412) 681-8400
EUREKA FINANCIAL CORP.
ANNOUNCES
QUARTERLY CASH DIVIDEND
Pittsburgh,
Pennsylvania – April 20, 2009– Edward F. Seserko, President of
Eureka Financial Corp., Pittsburgh, Pennsylvania, announced today
that the Corporation’s Board of Directors approved a regular quarterly
cash dividend of $.15 per share. The $.15 cash dividend will be paid, on
or about April 30, 2009, to stockholders of record as of April 22, 2009.
Eureka Bank, founded in
1886, is a federally chartered stock savings bank and operates two
offices. Eureka Financial Corp’s common stock is traded on the OTC
(Over the Counter Market) under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.

January
22, 2009
Contact:
Edward F. Seserko
President and CEO
(412) 681-8400
EUREKA FINANCIAL
CORPORATION ANNOUNCES EARNINGS
FOR THE FIRST QUARTER ENDED DECEMBER 31, 2008
Pittsburgh,
Pennsylvania – Eureka Financial Corporation, (the
"Company"), Pittsburgh, Pennsylvania, announced that
earnings for the quarter ended December 31, 2008, were $2.9 million, or
$2.26 diluted earnings per share, as compared to earnings of $145,000,
or $.11 diluted earnings per share, for the quarter ended December 31,
2007. The earnings for the quarter ended December 31, 2008, included a
deferred tax benefit of $2.6 million. Excluding the deferred tax
benefit, the Company would have earned $205,000, or $.16 diluted
earnings per share. The deferred tax benefit of $2.6 million is related
to the other-than-temporary impairment charge of $7.8 million on Fannie
Mae and Freddie Mac preferred stock holdings at September 30, 2008. This
deferred tax benefit was not recorded until the first quarter as a
result of the Emergency Economic Stabilization Act of 2008 not being
enacted into law until October 3, 2008.
The Bank, founded in
1886, is a federally chartered stock savings bank and operates two
offices in Pittsburgh. The Company’s common stock trades in the
over-the-counter market under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.
|
EUREKA FINANCIAL CORPORATION |
|
Selected Financial Data |
|
(Dollars in thousands except per share data) |
|
|
|
|
|
|
|
|
|
(Unaudited) |
|
|
|
|
|
December 31 |
|
September 30, |
|
|
|
2008 |
|
2008 |
|
|
|
|
|
|
|
Total assets |
$ |
104,629 |
$ |
93,974 |
|
Cash and investments |
|
9,729 |
|
8,172 |
|
Loans receivable, net |
|
88,925 |
|
82,651 |
|
Allowance for loan losses |
|
(729) |
|
(760) |
|
Deposits |
|
80,184 |
|
80,229 |
|
Total liabilities |
|
91,392 |
|
83,352 |
|
Stockholders' equity |
$ |
13,237 |
$ |
10,622 |
|
|
|
|
|
|
|
Nonaccrual loans |
$ |
317 |
$ |
321 |
|
Repossessed real estate |
|
0 |
|
0 |
|
Total nonperforming assets |
$ |
317 |
$ |
321 |
|
|
|
|
|
|
|
Allowance for loan losses to nonperforming loans |
|
229.97% |
|
236.76% |
|
Nonperforming loans to net loans |
|
0.36% |
|
0.39% |
|
Nonperforming assets to total assets |
|
0.30% |
|
0.34% |
|
Book value per share |
$ |
10.59 |
$ |
8.58 |
|
Number of common shares outstanding |
|
1,250,100 |
|
1,237,898 |
|
|
|
|
|
|
|
Three Months Ended |
|
'December 31, (Unaudited) |
|
|
|
2008 |
|
2007 |
|
|
|
|
|
|
|
Interest income |
$ |
1,489 |
$ |
1,555 |
|
Interest expense |
|
630 |
|
785 |
|
Net interest income |
|
859 |
|
770 |
|
Provision for loan losses |
|
25 |
|
20 |
|
|
|
|
|
|
|
Net interest income after provision for loan losses |
|
834 |
|
750 |
|
Noninterest income |
|
20 |
|
30 |
|
Noninterest expense |
|
599 |
|
604 |
|
|
|
|
|
|
|
Income before income taxes |
|
255 |
|
176 |
|
Income tax (benefit) expense |
|
(2,597) |
|
30 |
|
|
|
|
|
|
|
Net income |
$ |
2,852 |
$ |
146 |

December
31, 2008
Contact: Gary B.
Pepper
Chief Financial Officer
(412) 681-8400
EUREKA FINANCIAL
CORP. ANNOUNCES
QUARTERLY CASH DIVIDEND
Pittsburgh,
Pennsylvania – December 31, 2008– Edward F. Seserko, President of
Eureka Financial Corp., Pittsburgh, Pennsylvania, announced today
that the Corporation’s Board of Directors approved a regular quarterly
cash dividend of $.15 per share. The $.15 cash dividend will be paid to
stockholders of record as of January 15, 2009, on or about January 31,
2009. Eureka Financial Corp’s common stock is traded on the OTC (Over
the Counter Market) under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.

October
31, 2008
Contact:
Edward F. Seserko
President and CEO
(412) 681-8400
EUREKA FINANCIAL CORP.
ANNOUNCES EARNINGS
FOR THE FOURTH QUARTER AND YEAR ENDED SEPTEMBER 30, 2008
Pittsburgh, Pennsylvania –
Eureka Financial Corp. (the "Company"), the parent holding
company for Eureka Bank (the "Bank"), Pittsburgh,
Pennsylvania, today announced earnings for the fourth quarter and
year ended September 30, 2008. The Company recorded an
other-than-temporary impairment charge on its preferred stock holdings
of Fannie Mae and Freddie Mac of $7.8 million in the quarter ended
September 30, 2008. As a result of the Emergency Economic Stabilization
Act of 2008 ("EESA"), which was enacted into law on October 3,
2008, the Company will record a deferred tax benefit of approximately
$2.6 million in their first fiscal quarter ending December 31, 2008
associated with the other-than-temporary impairment losses. Before the
enactment of EESA, such losses would have been treated as capital losses
for both tax and financial reporting purposes. Under EESA, ordinary loss
treatment is available to financial institutions for such securities.
For the three months
ended September 30, 2008, the Company lost $7.8 million, or $11.88
diluted earnings per share, as compared to earnings of $153,000, or
$0.12 diluted earnings per share, for the three months ended September
30, 2007. For the year ended September 30, 2008, the Company lost $7.2
million, or $5.70 diluted earnings per share, as compared to earnings of
$762,000, or $0.60 diluted earnings per share, for the year ended
September 30, 2007.
Edward Seserko,
President and Chief Executive Officer, stated "While this loss
certainly impaired net income for year ended September 30, 2008, the
Bank remains well capitalized. We are looking forward to putting this
one-time write down behind us and focusing on restoring net income to
normal levels."
The Bank, founded in
1886, is a federally chartered stock savings bank and operates two
offices in Pittsburgh. The Company’s common stock trades in the
over-the-counter market under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.


September
23, 2008
Contact:
Edward F. Seserko
President and CEO
(412) 681-8400
EUREKA FINANCIAL
CORPORATION ANNOUNCES QUARTERLY DIVIDEND
Pittsburgh,
Pennsylvania – Eureka Financial Corporation (the "Company"),
Pittsburgh, Pennsylvania (OTCBB: EKFC), announced today that it is
reducing its quarterly dividend from $0.35 per share to $0.15 per share,
beginning immediately. The dividend will be paid on October 31, 2008 to
stockholders of record at the close of business on October 15, 2008.
Edward F. Seserko,
President and Chief Executive Officer, stated, "The Bank’s Tier I
capital ratio is expected to be approximately 10.0% at September 30,
2008, after factoring in the Fannie Mae and Freddie Mac securities
impairment charge. Under regulatory standards, the Bank will remain
"well capitalized.". Nevertheless, the Board of Directors and
senior management feel it is imperative to retain and build capital
given the current extraordinarily difficult operating environment.
Further, the lower dividend reflects the Board’s expectation of lower
future net income due to the absence of the receipt of dividend income
from holdings of Fannie Mae and Freddie Mac preferred stock, which
totaled approximately $500,000 in fiscal 2008. This decision was made
after great thought, market evaluation and capital needs analysis."
The Bank, founded in
1886, is a federally chartered stock savings bank and operates two
offices in Pittsburgh. The Company’s common stock trades in the
over-the-counter market under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.

September 10, 2008
Contact:
Edward F. Seserko
President and CEO
(412) 681-8400
EUREKA FINANCIAL CORPORATION ANNOUNCES
IMPAIRMENT
ON FANNIE MAE AND FREDDIE MAC STOCK;
REMAINS “WELL CAPITALIZED”
Pittsburgh,
Pennsylvania – Eureka Financial Corporation (the “Company”),
Pittsburgh, Pennsylvania (OTCBB: EKFC), announced today that it intends to take a non-cash impairment charge on
the Fannie Mae and Freddie Mac preferred and common stock it owns.
At June 30, 2008, these investments had an amortized cost of $8.2
million and a total market value of $6.8 million.
Management determined that any decline in value of such
securities at June 30, 2008 was not other than temporary.
However,
since June 30, 2008, the market value of these securities has declined
significantly. On September
7, 2008, the United States Department of Treasury announced that it was
seizing control of Fannie Mae and Freddie Mac and prohibiting those
entities from paying dividends on its common and preferred securities.
These actions caused the market value of the preferred and common
stock to fall to minimal levels. Because
of the apparent unlikelihood that Fannie Mae and Freddie Mac preferred
and common stock will recover their value, the Company will record an
other than temporary impairment charge in its fiscal fourth quarter,
which ends September 30, 2008, based on the then existing fair market
value of the Fannie Mae and Freddie Mac preferred and common stock owned
by the Company.
Management
has calculated that, assuming a worst case scenario in which the
securities have no value, that even after the impairment charge, the
capital ratios of the Company’s subsidiary, Eureka Bank, will remain
above the amounts necessary to be categorized as “well-capitalized”
under current regulatory requirements at September 30, 2008.
The
Bank, founded in 1886, is a federally chartered stock savings bank and
operates two offices in
Pittsburgh
. The Company’s common
stock trades in the over-the-counter market under the symbol “EKFC.”
The
foregoing material may contain forward-looking statements concerning the
financial condition, results of operations and business of the Company.
We caution that such statements are subject to a number of
uncertainties and actual results could differ materially and, therefore,
readers should not place undue reliance on any forward-looking
statements. The Company does
not undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.

July 28, 2008
Contact:
Edward F. Seserko
President and CEO
(412) 681-8400
EUREKA FINANCIAL CORP.
ANNOUNCES EARNINGS
FOR THE THREE AND NINE MONTHS ENDED JUNE 30, 2008
Pittsburgh,
Pennsylvania – Eureka Financial Corp., (the "Company"), the
parent holding company for Eureka Bank, (the "Bank"),
Pittsburgh, Pennsylvania, announced earnings for the three and nine
months ended June 30, 2008. For the three months ended June 30, 2008,
the Company earned $169,000, or $.13 diluted earnings per share, as
compared to earnings of $169,000 or $.13 diluted earnings per share, for
the three months ended June 30, 2007. For the nine months ended June 30,
2008, the Company earned $473,000, or $.37 diluted earnings per share,
as compared to earnings of $609,000 or $.48 diluted earnings per share,
for the nine months ended June 30, 2007.
The Bank, founded in
1886, is a federally chartered stock savings bank and operates two
offices in Pittsburgh. The Company’s common stock trades on the OTC
(Over the Counter Market) under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.
|
EUREKA
FINANCIAL CORPORATION |
|
|
Selected
Financial Data |
|
|
(Dollars
in thousands except per share data) |
|
|
|
|
|
(Unaudited) |
|
|
|
|
|
|
|
|
June
30, |
|
September
30, |
|
|
|
|
|
|
2008 |
|
2007 |
|
|
|
|
|
|
|
|
|
|
|
| Total
assets |
|
|
$ |
98,953 |
$ |
100,483 |
|
|
| Cash and
investments |
|
|
|
15,388 |
|
21,427 |
|
|
| Loans
receivable, net |
|
|
|
80,177 |
|
76,027 |
|
|
| Allowance
for loan losses |
|
|
|
(670) |
|
(590) |
|
|
| Deposits |
|
|
|
79,729 |
|
73,078 |
|
|
| Total
liabilities |
|
|
|
81,525 |
|
80,506 |
|
|
| Stockholders'
equity |
|
|
$ |
17,428 |
$ |
19,977 |
|
|
|
|
|
|
|
|
|
|
|
| Nonaccrual
loans |
|
|
$ |
168 |
$ |
328 |
|
|
| Repossessed
real estate |
|
|
|
0 |
|
25 |
|
|
| Total
nonperforming assets |
|
|
$ |
168 |
$ |
353 |
|
|
|
|
|
|
|
|
|
|
|
| Allowance
for loan losses to nonperforming loans |
|
|
|
398.81% |
|
179.88% |
|
|
| Nonperforming
loans to net loans |
|
|
|
0.21% |
|
0.43% |
|
|
| Nonperforming
assets to total assets |
|
|
|
0.17% |
|
0.35% |
|
|
| Book
value per share |
|
|
$ |
14.11 |
$ |
16.16 |
|
|
| Number
of common shares outstanding |
|
|
|
1,234,760 |
|
1,235,858 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Three
Months Ended |
|
Nine Months
Ended
|
|
|
June
30, (Unaudited) |
|
June 30,
(Unaudited)
|
|
|
2008 |
|
2007 |
|
2008 |
|
2007 |
|
|
|
|
|
|
|
|
|
| Interest
income |
$ |
1,531 |
$ |
1,488 |
$ |
4,637 |
$ |
4,423 |
| Interest
expense |
|
695 |
|
726 |
|
2,226 |
|
2,120 |
|
Net interest income |
|
836 |
|
762 |
|
2,411 |
|
2,303 |
| Provision
for loan losses |
|
30 |
|
19 |
|
80 |
|
44 |
|
|
|
|
|
|
|
|
|
| Net
interest income after provision for loan losses |
|
806 |
|
743 |
|
2,331 |
|
2,259 |
| Noninterest
income |
|
32 |
|
22 |
|
84 |
|
67 |
| Noninterest
expense |
|
620 |
|
574 |
|
1,839 |
|
1,596 |
|
|
|
|
|
|
|
|
|
| Income
before income taxes |
|
218 |
|
191 |
|
576 |
|
730 |
| Income
tax expense |
|
49 |
|
22 |
|
103 |
|
121 |
|
|
|
|
|
|
|
|
|
| Net
income |
$ |
169 |
$ |
169 |
$ |
473 |
$ |
609 |

June 17, 2008
Contact: Gary B.
Pepper
Chief Financial Officer
(412) 681-8400
EUREKA FINANCIAL CORP.
ANNOUNCES
QUARTERLY CASH DIVIDEND
Pittsburgh,
Pennsylvania – June 17, 2008– Edward F. Seserko, President of Eureka
Financial Corp., Pittsburgh, Pennsylvania, announced today that the
Corporation’s Board of Directors approved a regular quarterly cash
dividend of $.35 per share. The $.35 cash dividend will be paid, on or
about July 31, 2008, to stockholders of record as of July 15, 2008.
Eureka Bank, founded in
1886, is a federally chartered stock savings bank and operates two
offices. Eureka Financial Corp’s common stock is traded on the OTC
(Over the Counter Market) under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.

April 25, 2008
Contact:
Edward F. Seserko
President and CEO
(412) 681-8400
EUREKA FINANCIAL
CORP. ANNOUNCES EARNINGS
FOR THE THREE AND SIX MONTHS ENDED MARCH 31, 2008
Pittsburgh,
Pennsylvania – Eureka Financial Corp., (the "Company"), the
parent holding company for Eureka Bank, (the "Bank"),
Pittsburgh, Pennsylvania, announced earnings for the three and six
months ended March 31, 2008. For the three months ended March 31, 2008,
the Company earned $158,000, or $.12 diluted earnings per share, as
compared to earnings of $200,000 or $.16 diluted earnings per share, for
the three months ended March 31, 2007. For the six months ended March
31, 2008, the Company earned $304,000, or $.24 diluted earnings per
share, as compared to earnings of $440,000 or $.35 diluted earnings per
share, for the six months ended March 31, 2007.
The Bank, founded in
1886, is a federally chartered stock savings bank and operates two
offices in Pittsburgh. The Company’s common stock trades on the OTC
(Over the Counter Market) under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.
|
|
|
EUREKA FINANCIAL
CORPORATION |
|
|
|
|
|
|
|
Selected Financial
Data |
|
|
|
|
|
|
(Dollars in
thousands except per share data) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Unaudited) |
|
|
|
|
|
|
|
|
|
March 31, |
|
September 30, |
|
|
|
|
|
|
|
2008 |
|
2007 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
|
$ |
99,703 |
$ |
100,483 |
|
|
|
Cash and investments |
|
|
|
16,495 |
|
21,427 |
|
|
|
Loans receivable,
net |
|
|
|
79,761 |
|
76,027 |
|
|
|
Allowance for loan
losses |
|
|
|
(640) |
|
(590) |
|
|
|
Deposits |
|
|
|
78,995 |
|
73,078 |
|
|
|
Total liabilities |
|
|
|
81,620 |
|
80,506 |
|
|
|
Stockholders' equity |
|
|
$ |
18,083 |
$ |
19,977 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonaccrual loans |
|
|
$ |
146 |
$ |
328 |
|
|
|
Repossessed real
estate |
|
|
|
0 |
|
25 |
|
|
|
Total nonperforming
assets |
|
|
$ |
146 |
$ |
353 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan
losses to nonperforming loans |
|
|
|
438.36% |
|
179.88% |
|
|
|
Nonperforming loans
to net loans |
|
|
|
0.18% |
|
0.43% |
|
|
|
Nonperforming assets
to total assets |
|
|
|
0.15% |
|
0.35% |
|
|
|
Book value per share |
|
|
$ |
14.57 |
$ |
16.16 |
|
|
|
Number of common
shares outstanding |
|
|
|
1,241,222 |
|
1,235,858 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
|
|
|
March 31,
(Unaudited) |
|
|
|
March 31,
(Unaudited) |
|
|
|
|
|
2008 |
|
2007 |
|
2008 |
|
2007 |
|
|
|
|
|
|
|
|
|
|
|
Interest income |
$ |
1,551 |
$ |
1,476 |
$ |
3,106 |
$ |
2,935 |
|
Interest expense |
|
746 |
|
703 |
|
1,531 |
|
1,394 |
|
Net interest income |
|
805 |
|
773 |
|
1,575 |
|
1,541 |
|
Provision for loan
losses |
|
30 |
|
18 |
|
50 |
|
25 |
|
|
|
|
|
|
|
|
|
|
|
Net interest income
after provision for loan losses |
|
775 |
|
755 |
|
1,525 |
|
1,516 |
|
Noninterest income |
|
22 |
|
22 |
|
52 |
|
45 |
|
Noninterest expense |
|
615 |
|
533 |
|
1,219 |
|
1,022 |
|
|
|
|
|
|
|
|
|
|
|
Income before income
taxes |
|
182 |
|
244 |
|
358 |
|
539 |
|
Income tax expense |
|
24 |
|
44 |
|
54 |
|
99 |
|
|
|
|
|
|
|
|
|
|
|
Net income |
$ |
158 |
$ |
200 |
$ |
304 |
$ |
440 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Information for
inclusion in narrative: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income |
$ |
158,000 |
$ |
200,000 |
$ |
304,000 |
$ |
440,000 |
|
|
|
|
|
|
|
|
|
|
|
Earnings Per Share -
Basic |
$ |
0.13 |
$ |
0.16 |
$ |
0.25 |
$ |
0.36 |
|
|
|
|
|
|
|
|
|
|
|
Earnings Per Share -
Diluted |
$ |
0.12 |
$ |
0.16 |
$ |
0.24 |
$ |
0.35 |

March 25, 2008
Contact: Gary B.
Pepper
Chief Financial Officer
(412) 681-8400
EUREKA FINANCIAL
CORP. ANNOUNCES
QUARTERLY CASH DIVIDEND
Pittsburgh,
Pennsylvania – March 25, 2008– Edward F. Seserko, President of
Eureka Financial Corp., Pittsburgh, Pennsylvania, announced today
that the Corporation’s Board of Directors approved a regular quarterly
cash dividend of $.35 per share. The $.35 cash dividend will be paid, on
or about April 30, 2008, to stockholders of record as of April 15, 2008.
Eureka Bank, founded in
1886, is a federally chartered stock savings bank and operates two
offices. Eureka Financial Corp’s common stock is traded on the OTC
(Over the Counter Market) under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.

December
19, 2007
Contact: Gary B.
Pepper
Chief Financial Officer
(412) 681-8400
EUREKA FINANCIAL CORP.
ANNOUNCES
QUARTERLY CASH DIVIDEND
Pittsburgh,
Pennsylvania – December 19, 2007– Edward F. Seserko, President of
Eureka Financial Corp., Pittsburgh, Pennsylvania, announced today
that the Corporation’s Board of Directors approved a regular quarterly
cash dividend of $.35 per share. The $.35 cash dividend will be paid to
stockholders of record as of January 15, 2008, on or about January 31,
2008. Eureka Financial Corp’s common stock is traded on the OTC (Over
the Counter Market) under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.

November
1, 2007
Contact: Edward F. Seserko
President and CEO
(412) 681-8400
EUREKA FINANCIAL CORP.
ANNOUNCES EARNINGS
FOR THE FOURTH QUARTER AND YEAR ENDED SEPTEMBER 30, 2007
Pittsburgh,
Pennsylvania – Eureka Financial Corp., (the "Company"), the
parent holding company for Eureka Bank, (the "Bank"),
Pittsburgh, Pennsylvania, today announced earnings for the fourth
quarter and year ended September 30, 2007. For the three months ended
September 30, 2007, the Company earned $146,000, or $0.12 diluted
earnings per share, as compared to earnings of $244,000, or $0.19
diluted earnings per share, for the three months ended September 30,
2006. For the fiscal year ended September 30, 2007, the Company earned
$755,000, or $0.60 diluted earnings per share, as compared to earnings
of $1.0 million, or $0.82 diluted earnings per share, for the fiscal
year ended September 30, 2006.
The earnings for the
fiscal year ended September 30, 2007, reflect an increase in interest
expense of approximately $550,000 from the fiscal year ended September
30, 2006. This market-driven expense compressed the Company’s margins,
which caused the decline in earnings for the fiscal year ended September
30, 2007.
The Bank, founded in
1886, is a federally chartered stock savings bank and operates one
office in the Oakland community of Pittsburgh. The Company’s common
stock trades in the over-the-counter market under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.
|
EUREKA FINANCIAL CORPORATION
|
|
Selected Financial Data
|
|
(Dollars in thousands except per share data)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
September 30,
|
|
September 30,
|
|
|
|
|
|
|
|
|
2007
|
|
2006
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
|
$
|
100,674
|
$
|
96,478
|
|
|
|
|
Cash and investments
|
|
|
|
22,084 |
|
22,590
|
|
|
|
|
Loans receivable, net
|
|
|
|
75,388
|
|
70,817
|
|
|
|
|
Allowance for loan losses
|
|
|
|
(590) |
|
(613)
|
|
|
|
|
Deposits
|
|
|
|
72,906
|
|
67,862
|
|
|
|
|
Total liabilities
|
|
|
|
80,509 |
|
76,040
|
|
|
|
|
Stockholders' equity
|
|
|
$
|
20,165 |
$
|
20,438
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonaccrual loans
|
|
|
$
|
328 |
$
|
338
|
|
|
|
|
Repossessed real estate
|
|
|
|
25 |
|
400
|
|
|
|
|
Total nonperforming assets
|
|
|
$
|
353 |
$
|
738
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for loan losses to nonperforming loans
|
|
|
|
179.88%
|
|
181.36%
|
|
|
|
|
Nonperforming loans to net loans
|
|
|
|
0.44%
|
|
0.48%
|
|
|
|
|
Nonperforming assets to total assets
|
|
|
|
0.35%
|
|
0.76%
|
|
|
|
|
Book value per share
|
|
|
$
|
16.32
|
$
|
16.62
|
|
|
|
|
Number of common shares outstanding
|
|
|
|
1,235,858
|
|
1,229,493
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Twelve Months Ended
|
|
|
|
|
September 30, (Unaudited)
|
|
September 30, (Unaudited)
|
|
|
|
|
2007
|
|
2006
|
|
2007
|
|
2006
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income
|
$
|
1,523
|
$
|
1,417
|
$
|
5,946 |
$
|
5,559 |
|
|
Interest expense
|
|
764
|
|
644
|
|
2,884
|
|
2,333
|
|
|
Net interest income
|
|
759 |
|
773 |
|
3,062 |
|
3,226 |
|
|
Provision for loan losses
|
|
42
|
|
15
|
|
86
|
|
27
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income after provision for loan
losses
|
|
717 |
|
758 |
|
2,976 |
|
3,199 |
|
|
Noninterest income
|
|
20 |
|
31 |
|
87 |
|
102 |
|
|
Noninterest expense
|
|
516
|
|
486
|
|
2,112
|
|
2,037
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income taxes
|
|
221 |
|
303 |
|
951 |
|
1,264 |
|
|
Income tax expense
|
|
75
|
|
59
|
|
196
|
|
226
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
$
|
146 |
$
|
244 |
$
|
755 |
$
|
1,038 |
|
|
|
|
|
|
|
|
|
|
|
|

September
19, 2007
Contact: Gary B.
Pepper
Chief Financial Officer
(412) 681-8400
EUREKA FINANCIAL CORP.
ANNOUNCES
QUARTERLY CASH DIVIDEND
Pittsburgh,
Pennsylvania – September 19, 2007– Edward F. Seserko, President of
Eureka Financial Corp., Pittsburgh, Pennsylvania, announced today
that the Corporation’s Board of Directors approved a regular quarterly
cash dividend of $.35 per share. The $.35 cash dividend will be paid to
stockholders of record as of October 15, 2007, on or about October 31,
2007. Eureka Financial Corp’s common stock is traded on the OTC (Over
the Counter Market) under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.

July
20, 2007
Contact: Edward F. Seserko
President and CEO
(412) 681-8400
EUREKA FINANCIAL CORP.
ANNOUNCES EARNINGS
FOR THE THREE AND NINE MONTHS ENDED JUNE 30, 2007
Pittsburgh,
Pennsylvania – Eureka Financial Corp., (the "Company"), the
parent holding company for Eureka Bank, (the "Bank"),
Pittsburgh, Pennsylvania, announced earnings for the three and nine
months ended June 30, 2007. For the three months ended June 30, 2007,
the Company earned $169,000, or $.13 diluted earnings per share, as
compared to earnings of $258,000, or $.20 diluted earnings per share,
for the three months ended June 30, 2006. For the nine months ended June
30, 2007, the Company earned $609,000, or $.48 diluted earnings per
share, as compared to earnings of $794,000 or $.62 diluted earnings per
share, for the nine months ended June 30, 2006.
The Bank, founded in
1886, is a federally chartered stock savings bank and operates one
office in the Oakland community of Pittsburgh. The Company’s common
stock trades in the over-the-counter market under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.
|
|
|
|
EUREKA
FINANCIAL CORPORATION |
|
|
|
|
|
Selected
Financial Data |
|
|
|
|
|
(Dollars
in thousands except per share data) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Unaudited) |
|
|
|
|
|
|
|
|
|
June
30, |
|
September
30, |
|
|
|
|
|
|
|
2007 |
|
2006 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
assets |
|
|
$ |
97,612 |
$ |
96,478 |
|
|
|
Cash
and investments |
|
|
|
20,803 |
|
22,590 |
|
|
|
Loans
receivable, net |
|
|
|
73,704 |
|
70,817 |
|
|
|
Allowance
for loan losses |
|
|
|
(563) |
|
(613) |
|
|
|
Deposits |
|
|
|
72,528 |
|
67,862 |
|
|
|
Total
liabilities |
|
|
|
77,388 |
|
76,040 |
|
|
|
Stockholders'
equity |
|
|
$ |
20,224 |
$ |
20,438 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonaccrual
loans |
|
|
$ |
152 |
$ |
338 |
|
|
|
Repossessed
real estate |
|
|
|
101 |
|
400 |
|
|
|
Total
nonperforming assets |
|
|
$ |
253 |
$ |
738 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance
for loan losses to nonperforming loans |
|
|
|
370.39% |
|
181.36% |
|
|
|
Nonperforming
loans to net loans |
|
|
|
0.21% |
|
0.48% |
|
|
|
Nonperforming
assets to total assets |
|
|
|
0.26% |
|
0.76% |
|
|
|
Book
value per share |
|
|
$ |
16.39 |
$ |
16.62 |
|
|
|
Number
of common shares outstanding |
|
|
|
1,234,193 |
|
1,229,493 | |