| Business Summary | | Alamogordo
Financial
Corporation
owns
100%
of
the
outstanding
shares
of
Alamogordo
Federal
Savings
and
Loan
Association
(Alamogordo
Federal).
Alamogordo
Federal
is
a
community-oriented
savings
association
engaged
primarily
in
the
business
of
offering
FDIC-insured
deposits
to
customers
and
investing
those
deposits,
together
with
funds
generated
from
operations
and
borrowings,
in
loans,
investment
securities
and
mortgage-backed
securities.
Alamogordo
Federal's
mortgage
loans
include
one-
to
four-family
residential,
multifamily
and
nonresidential,
construction
and
land
loans.
Consumer
and
other
loans
include
second
mortgage,
consumer,
commercial
business
and
deposit
account
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Alamogordo
Financial
Corporation
is
a
bank
holding
company
for
Alamogordo
Federal
Savings
and
Loan
Association.
For
the
nine
months
ended
3/31/01,
interest
income
fell
4%
to
$7.6
million.
Net
interest
income
after
loan
loss
prov.
fell
4%
to
$2.8
million.
Net
income
fell
12%
to
$543
thousand.
Net
interest
income
reflects
lower
interest
on
loans
and
securities
and
higher
interest
paid
on
deposits.
Net
income
reflects
the
absence
of
a
$29
thousand
gain
on
the
sale
of
land. | More
from
Market Guide: Significant
Developments |
| | | Robert
W. Hamilton,
Chmn. R. Miles
Ledgerwood,
Pres./CEO Julia
A. Eggleston,
COO/Sr. VP Norma
J. Clute,
CFO/Treas./VP Howard
M. Smith,
VP. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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