| Business Summary | | Frankfort
First
Bancorp,
Inc.
is
the
holding
company
for
First
Federal
Savings
Bank
of
Frankfort.
At
June
30,
2000,
the
Company
had
total
assets
of
$145.5
million,
deposits
of
$82.5
million
and
shareholder's
equity
of
$18.8
million.
First
Federal
Bank
is
primarily
engaged
in
the
business
of
attracting
deposits
from
the
general
public
and
originating
loans
secured
by
first
mortgages
on
one-
to
four-family
residences
in
First
Federal's
market
area.
First
Federal
also
originates,
to
a
lesser
extent,
church
loans,
home
equity
loans,
and
other
loans.
First
Federal
currently
operates
through
three
banking
offices
located
in
Frankfort,
Kentucky. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Frankfort
First
Bancorp
is
a
bank
holding
company
for
First
Federal
Savings
Bank
of
Frankfort.
For
the
nine
months
ended
3/31/01,
total
interest
income
increased
10%
to
$8.2
million.
Net
interest
income
after
loan
loss
provision
decreased
1%
to
$3
million.
Net
income
declined
less
than
1%
to
$1.2
million.
Net
interest
income
reflects
increased
income
from
loans,
offset
by
an
increased
number
of
Advances
outstanding
and
higher
rates
paid
on
borrowings. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
2,745;
after
tax
earnings
were
379. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| William Jennings, 64 Chairman,
CEO | $10K | Don Jennings, 35 Pres | -- | R. Clay Hulette, 38 VP,
CFO, Chief Accounting Officer | -- | Danny Garland, 55 VP,
Sec. | 81K | Joyce Jennings, 63 VP | -- | Dollar
amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|