E-2
Exhibit 99
INDEPENDENT ACCOUNTANT'S REPORT
Board of Directors and Stockholders
WVS Financial Corporation
We have reviewed the accompanying consolidated balance sheet of WVS Financial
Corporation and subsidiary as of September 30, 2000, and the related
consolidated statement of income for the three-month periods ended September 30,
2000 and 1999, the consolidated statement of changes in stockholders' equity for
the three-month period ended September 30, 2000, and the statement of cash flows
for the three-month periods ended September 30, 2000 and 1999. These financial
statements are the responsibility of the Company's management.
We conducted our review in accordance with standards established by the American
Institute of Certified Public Accountants. A review of interim financial
information consists principally of applying analytical procedures to financial
data and making inquiries of persons responsible for financial and accounting
matters. It is substantially less in scope than an audit conducted in accordance
with generally accepted auditing standards, the objective of which is the
expression of an opinion regarding the financial statements taken as a whole.
Accordingly, we do not express such an opinion.
Based on our review, we are not aware of any material modifications that should
be made to the accompanying financial statements for them to be in conformity
with generally accepted accounting principles.
We have previously audited, in accordance with generally accepted auditing
standards, the consolidated balance sheet as of June 30, 2000, and the related
consolidated statements of income, changes in stockholders' equity and cash
flows for the year then ended (not presented herein); and in our report dated
July 28, 2000 we expressed an unqualified opinion on those consolidated
financial statements.
/s/ S.R. Snodgrass, A.C.
------------------------
S.R. Snodgrass, A.C.
Wexford, PA
November 9, 2000
