OREANDA-NEWS. DSA Financial Corporation (OTCBB:DSFN) John P. Young, President and Chief Executive Officer of DSA Financial, announced today that the Company’s board of directors has declared a dividend on its common stock of $0.11 per share. The dividend is payable on November 8, 2016 to stockholders of record as of October 24, 2016.

DSA Financial also announced its financial results for the first quarter of fiscal year 2017. For the quarter ended September 30, 2016, the Company recorded net earnings of $203,000 or $0.13 per share. For the quarter ended September 30, 2015, the Company recorded net earnings of $190,000 or $0.12 per share, an increase of $13,000 or 6.8%.The quarter-to-quarter increase in earnings was attributed primarily to an increase of $62,000 or 52.1%, in other income, partially offset by a $20,000 or 2.8%, increase in general, administrative and other expense, a $19,000 increase in total interest expense and a $10,000 increase in income taxes. Other income for the three month period ended September 30, 2016 included gains on sale of loans that were $45,000 greater than the three month period ended September 30, 2015.DSA Financial reported total assets of $125.3 million at September 30, 2016, total liabilities of $107.3 million, including deposits of $96.6 million and total stockholders’ equity of $18.0 million.DSA Financial Corporation is the holding company for Dearborn Savings Bank, a federally chartered savings institution headquartered in Lawrenceburg, Indiana. Dearborn Savings Bank operates through its main office and one branch office located in Lawrenceburg, Indiana.CONTACT:  Steven Doll  812 537-0940  sdoll@dearbornsavings.com 

   
DSA FINANCIAL CORPORATION  
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION  
(unaudited, dollars in thousands except per share data)  
                               
                       September 30,
      June 30,
      
      ASSETS                 2016       2016      
                               
  Cash and cash equivalents           $ 2,602     $ 5,583      
  Investment and mortgage-backed securities         22,421       20,573      
  Loans receivable                 91,752       90,634      
  Other assets                 8,482       8,502      
                               
      Total assets               $   125,257     $   125,292      
                               
                               
      LIABILITIES AND STOCKHOLDERS' EQUITY          
                               
  Deposits               $ 96,566     $ 96,736      
  Advances from the FHLB             8,000       8,000      
  Other liabilities                 2,716       2,474      
                               
      Total liabilities                 107,282       107,210      
                               
  Stockholders' Equity                 17,975       18,082      
                               
      Total liabilities and stockholders' equity       $   125,257     $   125,292      
                               
   
  DSA FINANCIAL CORPORATION
  CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS
                               
                      Three months ended    
                      September 30,    
                               
                        2016       2015      
                               
  Total interest income               $ 1,030     $ 1,030      
                               
  Total interest expense                 181       162      
                               
      Net interest income               849       868      
                               
  Provision for losses on loans             -       -      
                               
      Net interest income after provision for                
      losses on loans                 849       868      
                               
  Other income                 181       119      
                               
  General, administrative and other expense           724       704      
                               
      Earnings before income taxes             306       283      
                               
  Income taxes                 103       93      
                               
      NET EARNINGS           $   203     $   190      
                               
      EARNINGS PER SHARE           $   0.13     $    0.12