Profile: Provident Financial Holdings Inc (PROV.O)

PROV.O on Nasdaq

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Provident Financial Holdings, Inc., incorporated on January 10, 1996 is a holding company. Through its subsidiaries, the Bank engages in trustee for the Bank’s real estate transactions, holding real estate for investment, mortgage banking and community banking. The Bank has three wholly owned subsidiaries: Provident Financial Corp (PFC), Profed Mortgage, Inc., and First Service Corporation. The Corporation operates in two business segments: community banking and mortgage banking. The Bank’s community banking operations consist of accepting deposits from customers within the communities surrounding its service offices and investing those funds. The Bank's mortgage banking activities consist of the origination, purchase and sale of single-family mortgage loans.

Community banking

The Bank’s community banking operations consist of accepting deposits from customers within the communities surrounding its service offices and investing those funds in single family, multi-family, commercial real estate, construction, commercial business, consumer and other mortgage loans. The Bank also offers business checking accounts, other business banking services, and services loans for others.

Mortgage banking

The Bank's mortgage banking activities consist of the origination, purchase and sale of single-family mortgage loans. The Bank’s mortgage banking operations consist of both wholesale and retail loan originations. As of June 30, 2014, total single-family loans held for investment $404.3 million, or 53.1% of the total loans held for investment. As of June 30, 2014, multi-family mortgage loans were $301.2 million and commercial real estate loans were $96.8 million, or 38.6% and 12.4%, respectively, of loans held for investment.

Company Address

Provident Financial Holdings Inc

3756 Central Avenue
RIVERSIDE   CA   92506
P: +1909.6866060

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