| Business Summary | | Citizens
First
Financial
Corp.
is
a
savings
and
loan
holding
company
that
operates
Citizens
Savings
Bank
(the
Bank).
The
Company
does
not
transact
any
material
business
other
than
through
the
Bank.
The
Bank's
principal
business
consists
of
the
acceptance
of
retail
deposits
from
the
general
public
in
the
area
surrounding
its
branch
offices,
and
the
investment
of
those
deposits,
together
with
funds
generated
from
operations
and
borrowings,
in
one-
to
four-family
residential
mortgage
loans,
multi-family,
commercial
real
estate,
consumer
and
other
loans.
The
Bank
originates
loans
for
investment
and
for
sale.
The
Bank's
deposit
gathering
is
concentrated
in
the
communities
surrounding
its
five
offices
located
in
the
municipalities
of
Bloomington,
Normal
and
Fairbury,
Illinois,
which
are
part
of
McLean
and
Livingston
Counties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CFSB
is
a
savings
and
loan
holding
company
for
Citizens
Savings
Bank,
F.S.B.,
a
federally-chartered
savings
bank
located
in
Central
IL.
For
the
six
months
ended
6/30/01,
interest
income
rose
4%
to
$12.6
million.
Net
interest
income
after
loan
provision
fell
10%
to
$4.6
million.
Net
income
fell
52%
to
$1.1
million.
Results
reflect
growth
in
loans
outstanding
offset
by
increased
interest
paid
on
deposits
and
the
absence
of
a
$2.4
million
gain
on
the
sale
of
a
branch
facility. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Lowell Thompson Chairman | -- | C. Landefeld, 60 Pres
and CEO | $270K | Dallas Smiley, 54 Sr.
VP and CFO | 158K | Richard Becker, 52 Sr.
VP and Sec. | 164K | 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
|
|