| Business Summary | | LSB
Financial
Corp.
is
a
thrift
institution
holding
company
for
Lafayette
Savings
Bank,
FSB
(Lafayette
Savings),
a
federally
chartered
stock
savings
bank.
Lafayette
Savings
is
a
community-oriented
financial
institution.
Its
principal
business
consists
of
attracting
retail
deposits
from
the
general
public
and
investing
those
funds
primarily
in
permanent
first
mortgage
loans
secured
by
owner-occupied,
one-to
four-family
residences,
and
to
a
lesser
extent,
non-owner
occupied,
one-to
four-family
residential,
commercial
real
estate,
multifamily,
construction
and
development,
consumer
and
commercial
business
loans.
Lafayette
Savings
serves
Tippecanoe
County,
Indiana
and
its
surrounding
counties
through
its
four
retail-banking
offices.
As
of
December
31,
2000,
Lafayette
Savings
had
total
assets
of
$282.2
million,
deposits
of
$189.7
million
and
shareholders'
equity
of
$21.8
million.
Its
revenues
are
derived
principally
from
interest
on
mortgage
and
other
loans
and
interest
on
securities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | LSBI
is
a
holding
company
for
Lafayette
Savings
Bank,
FSB.
For
the
three
months
ended
3/31/01,
total
interest
income
increased
14%
to
$5.5
million.
Net
interest
income
after
loan
loss
provision
increased
2%
to
$2.1
million.
Net
income
decreased
5%
to
$515
thousand.
Net
interest
income
reflects
an
increase
in
average
interest-earning
assets,
partially
offset
by
an
increase
in
interest
expense.
Net
income
was
offset
by
an
increase
in
salaries
and
benefits. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
5,463;
after
tax
earnings
were
551. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Mariellen Neudeck, 59 Chairman | -- | John Corey, 66 Pres,
CEO, Director | $179K | Mary Jo David, 51 CFO,
VP, Sec., Treasurer, Director | -- | Harry Dunwoody, 54 Sr.
VP, Director | -- | 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
|
|