Eureka Financial Corp. Announces Earnings for the Three Months Ended December 31, 2012

  Eureka Financial Corp. Announces Earnings for the Three Months Ended
  December 31, 2012

Business Wire

PITTSBURGH -- February 5, 2013

Eureka Financial Corp., (the “Company”), the parent holding company for Eureka
Bank (the “Bank”), Pittsburgh, Pennsylvania, today announced net income for
the three months ended December 31, 2012 of $333,000, or $0.25 diluted
earnings per share, as compared to net income of $388,000, or $0.31 diluted
earnings per share, for the three months ended December 31, 2011. The decrease
in net income was primarily attributable to an increase in noninterest expense
and, to a lesser extent, an increase in the provision for loan losses and a
decrease in net interest income. The increase in noninterest expense was
primarily due to increases in regular operational activities. The decrease in
net interest income resulted from a decrease in interest income on investment
securities that was partially offset by an increase in interest income on
loans. The decrease in interest income on securities was primarily the result
of called securities and lower rates available on investments available for
purchase. The decrease in interest income was partially offset by a decrease
in interest expense, primarily due to the low interest rate environment.

The Bank, founded in 1886, is a federally chartered stock savings bank and
operates two offices in the Pittsburgh metropolitan area. 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 31,     September 30,
                                                2012             2012
Total assets                                  $ 141,111        $ 138,489
Cash and investments                            22,589           22,502
Loans receivable, net                           114,934          112,440
Allowance for loan losses                       (1,182)          (1,142)
Deposits                                        116,670          114,497
Total liabilities                               118,572          116,103
Stockholders' equity                          $ 22,539         $ 22,386
Nonaccrual loans                              $ 1,044          $ 660
Repossessed assets                              30               100
Total nonperforming assets                    $ 1,074          $ 760
Allowance for loan losses to total loans        1.03%            1.02%
Nonperforming loans to net loans                0.91%            0.59%
Nonperforming assets to total assets            0.76%            0.55%
Book value per share                          $ 17.10          $ 16.89
Number of common shares outstanding             1,317,897        1,325,397
                                                Three Months Ended
                                                December 31,
                                                2012             2011
Interest income                               $ 1,683          $ 1,727
Interest expense                                312              344
Net interest income                             1,371            1,383
Provision for loan losses                       40               20
Net interest income after provision for         1,331            1,363
loan losses
Noninterest income                              36               20
Noninterest expense                             861              754
Income before income taxes                      506              629
Income tax expense                              173              241
Net income                                    $ 333            $ 388
Earnings per share-basic and diluted          $ 0.25           $ 0.31


Eureka Financial Corp.
Edward F. Seserko
President and CEO
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