| Business Summary | | FFLC
Bancorp,
Inc.
focuses
on
attracting
retail
deposits
from
the
general
public
and
investing
those
deposits,
together
with
payments
and
repayments
on
loans
and
investments
and
funds
generated
from
operations,
primarily
in
mortgage
loans
secured
by
one-to-four-family,
owner-occupied
homes,
commercial
real
estate
loans
and
securities,
and,
to
a
lesser
extent,
construction,
commercial,
consumer
and
other
loans,
and
multi-family
residential
mortgage
loans.
The
Bank's
revenues
are
derived
principally
from
interest
on
its
loans
and
mortgage-backed
securities
portfolios
and
interest
and
dividends
on
its
investment
securities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FFLC
is
a
holding
company
for
First
Federal
Saving
Bank
of
Lake
County.
FFLC
principal
business
is
to
attract
retail
deposits
from
the
public
and
invest
those
deposits.
For
the
six
months
ended
6/01,
total
interest
income
rose
23%
to
$28.3
million.
Net
interest
income
after
loan
loss
prov.
rose
6%
to
$9.7
million.
Net
income
rose
8%
to
$2.9
million.
Results
reflect
higher
earning
assets,
partially
offset
by
higher
interest
expenses.
Earnings
reflect
increased
deposit
account
fees. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Claron Wagner, 69 Chairman | -- | -- | Stephen Kurtz, 47 Pres,
CEO | $220K | $50K | James Logan, 52 Vice
Chairman | -- | -- | Paul Mueller, 49 Exec.
VP and Treasurer of the Bank | 184K | 19K | Sandra Rutschow, 61 Sec.
of the Company and Sec. and VP of the Bank | -- | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|