| Business Summary | | Guaranty
Federal
Bancshares
Inc.
is
the
holding
company
for
Guaranty
Federal
Savings
Bank.
The
Company
is
a
unitary
savings
and
loan
holding
company
which,
under
existing
laws,
generally
is
not
restricted
in
the
types
of
business
activities
in
which
it
may
engage
provided
the
Bank
retains
a
specified
amount
of
its
assets
in
housing-related
investments.
The
primary
activity
of
the
Company
is
to
oversee
its
investment
in
the
Bank.
The
Bank's
principal
business
has
been,
and
continues
to
be,
attracting
retail
deposits
from
the
general
public
and
investing
those
deposits,
together
with
funds
generated
from
operations,
in
both
permanent
and
construction
one-
to
four-family
residential
mortgage
loans,
multi-family
residential
mortgage
loans,
commercial
real
estate
loans,
and
consumer
and
other
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Guaranty
Federal
bancshares
is
a
holding
company
for
Guaranty
Federal
Savings
Bank,
a
federally-chartered
stock
savings
bank.
For
the
nine
months
ended
3/31/01,
interest
income
rose
17%
to
$20.2
million.
Net
interest
income
after
loan
loss
prov.
rose
1%
to
$7.9
million.
Net
income
fell
6%
to
$2.5
million.
Results
reflect
increased
avg.
balance
of
earning
assets
and
avg.yield,
offset
by
increased
costs
of
liabilities
and
the
Company's
expansion
and
system
conversion
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Jack Barham, 67 Chairman,
VP | -- | James Haseltine, 54 Pres,
CEO, Director | $137K | William Williams, 53 Exec.
VP, COO | -- | Bruce Winston, 52 VP,
CFO | -- | 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
|
|