| Business Summary | | Northwest
Indiana
Bancorp
is
the
holding
company
for
Peoples
Bank
SB
(the
Bank),
which
resulted
from
the
conversion
of
Peoples
Bank
from
a
federal
stock
savings
bank
to
an
Indiana
stock
savings
bank.
Peoples
Bank
SB
is
a
wholly
owned
subsidiary
of
the
Bancorp.
The
Bank
is
primarily
engaged
in
the
business
of
attracting
deposits
from
the
general
public
and
the
origination
of
loans,
mostly
upon
the
security
of
single-family
residences
and
commercial
real
estate,
as
well
as
construction
loans
and
various
types
of
consumer
loans
and
commercial
business
loans,
within
its
primary
market
area
of
Lake
County,
in
northwest
Indiana.
In
addition,
the
Bank's
trust
department
provides
estate
administration,
estate
planning,
guardianships,
land
trusts,
retirement
planning,
self-directed
IRA
and
Keogh
accounts,
investment
agency
accounts,
and
serves
as
personal
representative
of
estates
and
acts
as
trustee
for
revocable
and
irrevocable
trusts. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Northwest
Indiana
Bancorp
is
a
one-bank
holding
Company
for
Peoples
Bank
SB,
an
Indiana
savings
bank.
For
the
six
months
ended
6/01,
total
interest
income
rose
6%
to
$14.4
million.
Net
interest
income
after
loan
loss
provision
rose
less
than
1%
to
$7.3
million.
Net
income
rose
3%
to
$2.2
million.
Net
interest
income
reflects
an
increase
in
average
loan
balances,
partially
offset
by
higher
costs
of
funds.
Earnings
reflect
increased
fees
and
service
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| David Bochnowski, 55 Chairman,
Pres, CEO | $361K | -- | Edward Furticella, 53 CFO,
Exec. VP, Treasurer, Director | 183K | -- | Joel Gorelick, 53 Exec.
VP, and Exec. VP and CLO of the Bank, Director | 183K | $22K | Jon DeGuilio, 45 Exec.
VP, Sec. | -- | -- | 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
|
|