| Business Summary | | IndyMac
Bancorp,
Inc.
is
the
holding
company
for
IndyMac
Bank,
a
leading
technology-based
mortgage
banker
with
proprietary
systems
to
facilitate,
among
other
things,
automated
underwriting
and
risk-based
pricing
on
a
nationwide
basis.
IndyMac's
mortgage
banking
group
offers
multi-channel
distribution
of
its
mortgage
products
and
services
through
a
nationwide
network
of
mortgage
brokers,
mortgage
bankers
and
community
financial
institutions
in
addition
to
programs
offered
directly
to
consumers
and
through
realtors
and
home
builders.
IndyMac
Bank
also
provides
community
lending
services
through
its
limited
Southern
California
branch
system.
IndyMac
Bank
is
FDIC-insured
and
offers
a
full
array
of
Web-enhanced
banking
services
in
addition
to
its
core
mortgage
products
and
services
and
provides
commercial
loans
to
homebuilders
across
the
nation
for
the
purpose
of
constructing
new
single-family
residences. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NDE
is
the
holding
company
for
IndyMac
Bank,
a
technology-based
mortgage
banker.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
36%
to
$274
million.
Net
interest
income
after
loan
loss
provision
rose
12%
to
$83.3
million.
Net
income
before
acct.
change
fell
25%
to
$55.6
million.
Net
interest
income
reflects
higher
average
earning
assets,
partially
offset
by
interest
paid
on
deposits.
Net
income
reflects
the
absence
of
an
income
tax
benefit. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| David Loeb, 77 Chairman | $550K | $3.9M | Michael Perry, 38 CEO,
Vice Chairman | 934K | 3.8M | Carmella Grahn, 37 Exec.
VP and CFO | 452K | 266K | Roger Molvar, 45 Exec.
VP, CAO | -- | -- | S. Blair Abernathy, 39 Exec.
VP of IndyMac and the Exec. VP, Capital Markets of IndyMac's Mortgage Banking | 587K | -- | 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
|
|