| Business Summary | | PFSB
Bancorp,
Inc.
was
formed
as
the
holding
company
for
Palmyra
Savings
in
connection
with
the
conversion
of
Palmyra
Savings
from
mutual
to
stock
form
of
ownership.
PFSB
Bancorp's
sole
business
activity
is
the
ownership
of
all
of
Palmyra
Savings'
capital
stock.
Palmyra
Savings'
principal
business
is
attracting
deposits
from
the
general
public
and
originating
loans
secured
by
one-to-four
family
residential
real
estate
properties
located
in
its
market
area.
Palmyra
Savings
conducts
business
from
its
main
office
in
Palmyra
(Marion
County)
and
two
branch
offices
located
in
Canton
(Lewis
County)
and
Kahoka
(Clark
County).
Substantially
all
of
Palmyra
Savings'
depositors
live
in
Lewis,
Clark
and
Marion
Counties
and
most
of
Palmyra
Savings'
loans
are
secured
by
properties
located
in
these
counties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PFSB
Bancorp,
Inc.
is
a
bank
holding
company
for
Palmyra
Savings
and
Building
Association,
a
federally
chartered
bank
with
offices
in
Missouri.
For
the
nine
months
ended
6/30/01,
total
interest
income
rose
5%
to
$3.6
million.
Net
interest
income
after
loan
loss
provision
fell
13%
to
$1.1
million.
Net
income
fell
84%
to
$23
thousand.
Results
reflect
increased
interest
paid
on
borrowings,
increased
losses
on
foreclosed
assets
and
increased
salaries
and
benefits. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Eldon Mette, 63 Pres,
CEO | $141K | Ronald Nelson, 47 VP,
Treasurer and Sec. | -- | 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
|
|