Anchor Bancorp, the holding company for Anchor Bank, has reported fiscal year second quarter earnings for the quarter ending Dec. 31, 2016. The company reported net income of $420,000, or 17 cents per diluted share, compared to a net loss of $286,000 or 12 cents per share for the same quarter a year ago.

For the six months ended Dec. 31, the company reported net income of $993,000, or 41 cents per share.

“I am pleased with our continued loan growth of $3.1 million or .89 percent for the quarter; additionally we have maintained a strong net interest margin at 4.16 percent,” said Jerald L. Shaw, President and Chief Executive Officer. “While our efficiency ratio increased from September 30, 2016, we continue to focus on increasing our income and reducing expenses, which we believe will improve our efficiency ratio over time,” he said.

Fiscal 2nd Quarter Highlights

• Loans receivable, net, increased $6.8 million, or 2.0 percent, to $354.1 million at Dec. 31, from $347.4 million at June 30, 2016.

• Deposits increased $26.7 million, or 8.9 percent, to $327.6 million at Dec. 31, 2016.

• Total assets increased by $9.4 million, or 2.2 percent, to $440.9 million at Dec. 31, from $431.5 million at June 30, 2016.

• Loans receivable, net, increased $6.8 million, or 2 percent, to $354.1 million at Dec. 31, from $347.4 million at June 30, as a result of an increase in construction lending.