Community Federal Bancorp, Inc. Announces Second Quarter Fiscal 1998 Earnings.TUPELO tupelo, in botany tupelo: see black gum. Tupelo, city, United States Tupelo (t  `pĭlō, ty , Miss.--(BUSINESS WIRE)--April 20, 1998--Community Federal Bancorp, Inc. (NASDAQ NASDAQin full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CFTP CFTP Coupling from the Past (probability theory) CFTP Certified Finance and Treasury Professional (Australia) CFTP Compagnie Franco Tunisienne des Petroles (Tunisia oil company) ) (the "Company") announced financial results for the second quarter ended March 31, 1998. The Company earned $734,000 for the quarter ended March 31, 1998, compared to $888,000 for the quarter ended March 31, 1997. Basic earnings per share for the quarter ended March 31, 1998 was $0.18 versus $0.21 for 1997. Diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of for the second quarter ended March 31, 1998 was $0.17 versus $0.20 for the quarter ended March 31, 1997. The Company earned $1.4 million for the six months period ended March 31, 1998 as compared to $1.8 million for the six months period ended March 31, 1997. Basic earnings per share for the six month period ended March 31, 1998 was $0.34 versus $0.41 for 1997. Diluted earnings per share for the six month period was $0.32 versus $0.41 for the six months ended March 31, 1997. Interest income and expense increased $382,000 or 10.6% and $6he six months ended March 31, 1998, compared tomonths ended March 31, 1998, respectively. Thesfund the Company's continued loan growth. Non-interest expense increased $270,000 or 42.7% and $539,000 or 44.8% for the three and six months ended March 31, 1998, respectively, compared to the three and six months ended March 31, 1997. These costs were in line with expectations and represented in increased compensation and benefits associated with adding loan officers, raising personnel levels to staff the Company's new branch as well as operational cost associated with the new branch. As of March 31, 1998, the Company had $254 million total assets and $60 million in Stockholders Equity. Book value was $14.76, based on 4,064,965 outstanding shares of common stock. The Bank is the Company s only subsidiary, and conducts business from its main office located at 333 Court Street and a branch located at 3425 West Main, both in Tupelo, Mississippi Tupelo (IPA: [tu:pəlo]) is the largest city and county seat within Lee County, Mississippi. It is the eighth largest city in the state of Mississippi, smaller than Meridian, and larger than Olive Branch. . CONTACT: Community Federal Bancorp Inc., Tupelo Jim Ingram
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