Hamilton Bancorp, Inc. (HBK) 10-K Annual Report June 2016

TOWSON, Md. (May 5, 2016)—Hamilton Bancorp, Inc. (the “Company”) (NASDAQ: HBK), the parent company of Hamilton Bank (the “Bank”), today announced its operating results for the fiscal year and three month period ending March 31, 2016 with the following highlights:

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Continued organic growth and the acquisition of Fairmount Bancorp, Inc. (“Fairmount”) resulted in $393 million in total assets at March 31, 2016, representing growth of $102 million, or 35%, compared to total assets of $291 million at March 31, 2015. Total loans at March 31, 2016 increased by $63 million, or 39%, to $223 million year over year.

●	Total deposits increased $92 million, or 41%, to $314 million at March 31, 2016, compared to total deposits of $222 million at March 31, 2015.

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Net income, excluding the effect of $71,000 in acquisition related expenses, was $159,000, or $0.05 per common share for the Company, for the quarter ending March 31, 2016, compared to a net loss of $141,000, or $(0.04) per common share, for the same quarter ending March 31, 2015. The Company reported net income of $117,000 including acquisition-related expenses, or $0.04 per common share for the quarter ending March 31, 2016.

●	Net interest income for the fourth quarter ending March 31, 2016 was $2.6 million, an increase of $635,000, or 32%, compared to $2.0 million for the same period a year ago.

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For the fiscal year ending March 31, 2016, pre-tax income of $1.24 million was reported, before adjusting for one-time acquisition related expenses, compared to a pre-tax loss of $578,000 for fiscal 2015—an improvement of $1.8 million compared to the same period a year ago. The Company reported a net loss after acquisition related expenses and tax of $93,000, or $(0.03) per common share for fiscal 2016, compared to a net loss of $314,000, or $(0.10) per common share, for the same period a year ago.

“This past year marked several major milestones for Hamilton as we celebrated 100 years of community banking and grew commercial loans and core deposits while successfully completing our acquisition of a local community bank,” said Robert DeAlmeida, President and CEO. “We look forward to concluding our second acquisition and continued organic growth in loans and deposits, while always looking for ways to operate more efficiently.”

The following information was filed by Hamilton Bancorp, Inc. (HBK) on Wednesday, June 1, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Hamilton Bancorp, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2016 10-K Annual Report includes:

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Hamilton Bancorp, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 21: Subsidaries Of The Registrant

Exhibit 23.0: Consents Of Experts And Counsel

Exhibit 23.1: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.0: Section 1350 Certification

Ticker: HBK
CIK: 1551739
Form Type: 10-K Annual Report
Accession Number: 0001437749-16-034628
Submitted to the SEC: Wed Jun 29 2016 5:21:57 PM EST
Accepted by the SEC: Wed Jun 29 2016
Period: Thursday, March 31, 2016
Industry: Savings Institution Federally Chartered

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Hamilton Bancorp, Inc. (HBK) SEC Filing 10-K Annual report for the fiscal year ending Thursday, March 31, 2016

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