| Business Summary | | MutualFirst
Financial
Inc.
is
a
savings
and
loan
holding
company
that
has
a
wholly
owned
subsidiary,
Mutual
Federal
Savings
Bank.
The
Company's
principal
business
consists
of
attracting
retail
deposits
from
the
general
public
and
investing
those
funds
primarily
in
permanent
loans
secured
by
first
mortgages
on
owner-occupied,
one-
to
four-family
residences
and
a
variety
of
consumer
loans.
The
Company
also
originates
loans
secured
by
commercial
and
multi-family
real
estate,
commercial
business
loans
and
construction
loans
secured
primarily
by
residential
real
estate.
The
Company's
revenues
are
derived
principally
from
interest
on
loans
and
interest
on
investments,
as
well
as
mortgage-backed
securities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MutualFirst
Financial
Inc.
is
the
holding
company
for
Mutual
Federal
Savings
Bank
which
operates
13
full-service
banking
offices
in
Delaware,
Randolph,
and
Kosciusko
in
IN.
For
the
six
months
ended
6/30/01,
interest
income
rose
45%
to
$28.2
million.
Net
interest
income
after
LLP
rose
33%
to
$12.4
million.
Net
income
rose
27%
to
$3.9
million.
Results
reflects
an
increase
in
loans
from
Marion
Capital
Holdings,
partially
offset
by
higher
deposits
and
salary
and
benefit
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Wilbur Davis, 46 Chairman | -- | R. Donn Roberts, 62 Pres
and CEO | $466K | Julie Skinner, 60 Vice
Chairman | -- | Timothy McArdle, 50 Sr.
VP, Treasurer and Controller | 153K | Steven Campbell, 57 Sr.
VP - Retail Banking Division | 182K | 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.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|