Roma Financial Posts Q2 Loss

(RTTNews) - Roma Financial Corp. (ROMA), the holding company of Roma Bank and RomAsia Bank, reported a loss for the second quarter of $355,000 or $0.01 per share, compared to net income of $0.9 million or $0.03 per share for the year-ago quarter.

"The loss in the quarter was a direct consequence of the loss incurred by Roma Bank from the previously disclosed check kiting scheme. The matter has been referred to the FBI and we will pursue any and all civil remedies to mitigate our loss," said Peter Inverso, President and CEO.

At June 30, 2013, the company's consolidated assets were $1.73 billion, compared to $1.81 billion at December 31, 2012. Loans, before the allowance for loan losses, fell slightly to $1.03 billion, compared to $1.05 billion at the end of 2012, while deposits decreased to $1.41 billion from $1.48 billion at December 31, 2012.

Stockholders' equity at the end of the quarter increased to $217.2 million, compared to $215.6 million at December 31, 2012.