| Business Summary | | United
Community
Financial
Corp.
is
a
holding
company
that
owns
The
Home
Savings
and
Loan
Company
of
Youngstown,
Ohio
(Home
Savings).
Home
Savings
conducts
business
from
its
main
office
located
in
Youngstown,
Ohio,
16
full-service
branches
and
four
loan
production
offices.
Funds
for
lending
and
other
investment
activities
are
obtained
primarily
from
savings
deposits,
which
are
insured
up
to
applicable
limits
by
the
FDIC,
principal
repayments
of
loans
and
maturities
of
securities.
The
principal
business
of
Home
Savings
is
the
origination
of
mortgage
loans
on
one-
to
four-family
residential
real
estate
located
in
its
primary
market
area.
Home
Savings
also
originates
loans
secured
by
non-residential
real
estate.
In
addition
to
real
estate
lending,
Home
Savings
originates
commercial
loans
and
various
types
of
consumer
loans,
including
home
equity
loans,
education
loans,
loans
secured
by
savings
accounts,
motor
vehicles,
boats
and
recreational
vehicles
and
unsecured
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | United
Community
Financial
Corp.,
a
holding
company,
provides
consumer
and
business
banking
services
to
its
market
area
in
northeastern
OH.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
10%
to
$48.7
million.
Net
interest
income
after
LLP
rose
1%
to
$24.2
million.
Net
income
rose
1%
to
$6.1
million.
Results
reflect
an
increase
in
interest
earning
assets,
partially
offset
by
higher
interest
paid
on
deposits.
Earnings
reflect
lower
commission
income. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Douglas McKay, 53 Chairman
and Pres | $537K | David Lodge, 61 Pres
and COO of Hame Savings | 445K | Patrick Kelly, 42 Treasurer | 246K | Donald Varner, 69 Sec.,
Director | 230K | 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.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|