| Business Summary | | Community
Savings
Bankshares,
Inc.
(Bankshares)
is
a
Delaware-chartered
stock
holding
company
whose
primary
asset
is
its
investment
in
its
wholly
owned
subsidiary,
Community
Savings,
F.
A.
(the
Association).
The
Association
is
a
community-oriented
financial
institution
engaged
primarily
in
the
business
of
attracting
deposits
from
the
general
public
residing
in
the
Association's
market
area.
It
uses
such
funds,
together
with
other
borrowings,
to
invest
in
various
residential
and
commercial
real
estate
loans,
consumer
and
commercial
business
loans,
mortgage-backed
and
related
securities
and
investment
securities.
As
of
December
31,
2000,
Bankshares
had
total
assets
of
$962.7
million,
total
loans
of
$691.3
million,
total
deposits
of
$681.1
million
and
total
shareholders'
equity
of
$112.5
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CMSV,
a
Delaware-chartered
stock
holding
company,
is
the
parent
company
for
Community
Savings,
F.A.,
a
savings
and
loan
association.
For
the
six
months
ended
6/01,
interest
income
increased
7%
to
$33.7
million.
Net
interest
income
after
LLP
decreased
2%
to
$13.8
million.
Net
income
fell
23%
to
$2.8
million.
Interest
income
reflects
an
increase
in
average
interest
earning
assets,
offset
by
a
lower
net
interest
rate
spread.
Net
income
reflects
higher
employee
compensation
and
benefits. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Frederick Teed, 72 Chairman | -- | -- | James Pittard, Jr., 54 Pres,
CEO | $294K | $262K | Larry Baker, 61 CFO,
Sr. VP, Treasurer, Director of Fin. | 166K | 14K | Feriel Hughes, 51 Sr.
VP of Marketing, HR and Training | -- | -- | Michael Reinhardt, 55 Sr.
VP, Director of the Branch Operations Division | -- | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|