DSA Financial Corporation Reports Earnings for the First Quarter Ended September 30, 2009 and Declares a Quarterly Dividend.

LAWRENCEBURG, Ind., Oct. 16 /PRNewswire-FirstCall/ -- DSA Financial Corporation (OTC Bulletin Board: DSFN) announced its financial results for the first quarter of fiscal 2010. For the quarter ended September 30, 2009, the Company recorded net earnings of $145,000 or $0.09 per share. For the quarter ended September 30, 2008, the Company recorded net earnings of $184,000 or $0.12 per share, a decrease of $39,000 or 21.2%.

The decrease in earnings for the quarter was primarily attributed to an increase in the provision for losses on loans.

DSA Financial reported total assets of $123.6 million at September 30, 2009, total liabilities of $106.8 million, including deposits of $95.8 million and total stockholders' equity of $16.7 million.

In addition, Edward L. Fischer, 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 $0.105 per share. The dividend is payable on November 6, 2009 to stockholders of record as of October 28, 2009.

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.

                                 DSA Financial Corporation
                                       (In thousands)

                                   September 30,        June 30,
           ASSETS                      2009               2009

    Cash and cash equivalents         $5,898            $8,290
    Investment securities              9,278            11,489
    Loans receivable                  98,613            98,562
    Other assets                       9,797            10,074

           Total assets             $123,586          $128,415


    Deposits                         $95,814           $99,464
    Advances from the FHLB             9,000            10,500
    Other liabilities                  2,034             1,754

           Total liabilities         106,848           111,718

    Stockholders' equity, net         16,738            16,697

           Total liabilities and
            stockholders' equity    $123,586          $128,415

                                   DSA Financial Corporation
                            (In thousands, except per share data)

                                               Three months ended
                                                  September 30,
                                                2009       2008

    Total interest income                      $1,542      $1,749
    Total interest expense                        609         907
           Net interest income                    933         842

    Provision for losses on loans                 225          26

           Net interest income after provision
            for losses on loans                   708         816

    Other income                                  244         124

    General, administrative and other expense     758         663

           Earnings before income taxes           194         277

    Income taxes                                   49          93

           NET EARNINGS                          $145        $184

           EARNINGS PER SHARE - basic
            and diluted                          $.09        $.12

SOURCE DSA Financial Corporation


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