| Business Summary | | Greater
Atlantic
Financial
Corp.
is
a
savings
and
loan
holding
company.
The
Company
conducts
substantially
all
of
its
business
through
the
Greater
Atlantic
Bank,
a
federally
chartered
savings
Bank,
and
its
wholly
owned
subsidiary,
Greater
Atlantic
Mortgage
Corporation.
The
Company
offers
traditional
banking
services
to
customers
from
five
Bank
branches
located
throughout
the
greater
Washington,
DC/Baltimore
metropolitan
area.
The
Company
also
originates
mortgage
loans
for
sale
in
the
secondary
market
through
Greater
Atlantic
Mortgage.
The
Bank
currently
offers
both
fixed-rate
and
adjustable-rate
mortgage
loans
with
maturities
of
up
to
30
years
secured
by
single-family
residences,
which
term
includes
real
property
containing
from
one
to
four
residences. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | GAFC,
and
its
wholly
owned
subsidiary,
Greater
Altantic
Mortgage
Corp.,
offer
banking
service
to
customers
in
Washington,
DC/Baltimore
area.
For
the
nine
months
ended
6/30/01,
total
interest
income
rose
43%
to
$17.9
million.
Net
interest
income
after
loan
loss
prov.
rose
34%
to
$4.7
million.
Net
loss
fell
35%
to
$605
thousand.
Net
interest
income
reflects
loan
growth,
partially
offset
by
higher
costs
of
borrowed
funds.
Lower
loss
reflects
higher
gain
on
loan
sales. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Charles Calomiris Chairman | -- | Carroll Amos, 52 Pres,
CEO, Director | $148K | David Ritter, 50 CFO,
Sr. VP | -- | Edward Allen, 52 COO,
Sr. VP | -- | Jeremiah Behan, 50 Sr.
VP, Construction Lending | -- | Dollar amounts are as of 30-Sep-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
|
|