| Business Summary | | Indian
Village
Bancorp,
Inc.,
the
holding
company
of
Village
Community
Bank,
principally
is
involved
in
the
business
of
attracting
deposits
from
the
general
public
and
originating
loans
secured
by
one-to-four
family
residential
real
estate
properties
located
in
its
market
area.
Tuscarawas
County
in
east
central
Ohio
is
Indian
Village's
primary
market
area,
although
it
also
originates
loans
to
borrowers
and
accepts
deposits
from
individuals
residing
in
contiguous
counties.
Indian
Village
has
concentrated
its
lending
activities
on
fixed-rate
one-
to
four-family
mortgage
loans.
To
a
lesser
extent,
Indian
Village
also
originates
multi-family,
commercial
real
estate,
land,
residential
construction
loans,
and
consumer
loans.
Indian
Village
occasionally
purchases
participation
interests
in
multi-family
loans
originated
by
other
lenders
and
secured
by
properties
located
in
other
areas
of
Ohio. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Indian
Village
Bancorp
is
a
bank
holding
company
for
Indian
Village
Community
Bank.
For
the
comparable
nine
months
ended
3/31/01,
total
interest
income
rose
22%
to
$3.8
million.
Net
interest
income
after
LLP
fell
5%
to
$1.3
million.
Net
income
rose
19%
to
$226
thousand.
Net
interest
income
reflects
higher
average
interest
earning
assets,
offset
by
a
decrease
in
the
interest
rate
spread.
Net
income
reflects
an
increase
in
gains
on
the
sale
of
securities. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
1,253;
after
tax
earnings
were
112. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Rebecca Mastin, 46 Chairperson
of the Board | -- | Marty Lindon, 42 Pres,
CEO | $78K | John Beitzel, 51 Vice
Chairman | -- | Lori Frantz, 40 VP,
Treasurer, CFO | -- | Michael Cochran, 49 Sec. | -- | Dollar
amounts are as of 31-Dec-1999 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
|
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