| Business Summary | | Firstbank
NW
Corporation
is
the
holding
company
for
Firstbank
Northwest
(the
Bank),
formerly
known
as
First
Federal
Bank
of
Idaho,
a
Federal
Savings
Bank.
The
Bank
is
a
community-oriented
financial
institution
that
engages
primarily
in
the
business
of
attracting
deposits
from
the
general
public
and
using
those
funds
to
originate
residential
mortgage
loans,
commercial
and
agricultural
real
estate
loans
within
the
its
market
area.
The
Bank
also
is
active
in
originating
construction,
consumer
and
other
non-real
estate
loans.
The
Company's
general
market
area
includes
Northern
Idaho
and
Eastern
Washington. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FBNW
is
a
bank
holding
company
for
First
Bank
Northwest,
a
federally
chartered
stock
savings
bank.
For
the
three
months
ended
6/30/01,
total
interest
income
rose
9%
to
$5.3
million.
Net
interest
income
after
loan
loss
prov.
rose
9%
to
$2.3
million.
Net
income
rose
47%
to
$581
thousand.
Net
interest
income
after
LLP
reflects
an
increase
in
loans
and
interest
rate
reductions.
Net
income
also
reflects
increases
in
gains
on
the
sale
of
loans
and
securities
and
service
charges
and
fees. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Steve Cox, 54 Chairman | -- | Clyde Conklin, 50 Pres
and CEO of the Company and Chief Exec. Officer of the Bank | $167K | Larry Moxley, 50 Exec.
VP, CFO, Sec., Director | 151K | Donn Durgan, 47 Sr.
VP and CLO of the Bank | -- | Terence Otte, 44 Sr.
VP and COO of the Bank | -- | Dollar amounts are as of 31-Mar-2001 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
|
|