quick fix on IF - ELSE statment

I've added an else statment in this code, but the result is showing multiple times the result after the else. The output is like: "No funds available No funds available No funds available No funds available..."

    <div class="ddleft">{section name=p loop=$ps}
   {if $ps[p].balance > 0 and $ps[p].status == 1}
     <input type=radio name=type value="account_{$ps[p].id}">
     Deposit from Account Balance 
   {else}
     No funds available

   {/if}
{/section}</div>