Perpetual Federal Savings Bank reported unaudited consolidated earnings results for the first quarter ended December 31, 2012. For the quarter, the bank reported net income of $962,000 or basic and diluted earnings per share of $0.39 compared to net income of $187,000, or basic and diluted earnings per share of $0.08, for the quarter ended December 31, 2011. The factor primarily responsible for the changes in net income for the comparative three and twelve month periods is the provision for loan losses.

Net interest income was $2,919,000 against $3,026,000 a year ago. Net interest income decreased primarily due to changes in interest expense. Income before income taxes was $1,453,000 against $278,000 a year ago.