United Community Bancorp has reported an 11.87 percent rise in profit for the quarter ended Sep. 30, 2016. The company has earned $0.78 million, or $0.19 a share in the quarter, compared with $0.70 million, or $0.16 a share for the same period last year.      

Revenue during the quarter grew 5.23 percent to $4.61 million from $4.38 million in the previous year period. Net interest income for the quarter dropped 1.16 percent over the prior year period to $3.32 million. Non-interest income for the quarter rose 22.59 percent over the last year period to $1.31 million.

United Community Bancorp has made provision of $0.02 million for loan losses during the quarter, down 61.36 percent from $0.04 million in the same period last year.

Efficiency ratio for the quarter improved to 79.16 percent from 82 percent in the previous year period. A decline in efficiency ratio indicates a rise in profitability.

Deposits stood at $441.97 million as on Sep. 30, 2016, up 2.50 percent compared with $431.20 million on Sep. 30, 2015.

Investments stood at $188.97 million as on Sep. 30, 2016, down 3.78 percent or $7.43 million from year-ago. Shareholders equity was at $70.68 million as on Sep. 30, 2016.

Return on average assets moved up 5 basis points to 0.59 percent in the quarter from 0.54 percent in the last year period. At the same time, return on average equity increased 52 basis points to 4.43 percent in the quarter from 3.91 percent in the last year period.

Meanwhile, nonperforming assets to total assets was 0.59 percent in the quarter, down from 1.21 percent in the last year period.

Average equity to average assets ratio was 13.33 percent for the quarter, down from 13.76 percent for the previous year quarter.