| Business Summary | | HFB
Financial
Corporation
is
the
holding
company
for
Home
Federal
Savings
Bank
(the
Bank).
The
Company's
principal
business
is
the
business
of
the
Bank
and
its
subsidiary,
Home
Service
Corporation.
The
Bank
operates
through
three
full-service
offices
in
the
southeastern
Kentucky
communities
of
Middlesboro
and
Harlan,
and
one
full-service
office
in
the
east
Tennessee
community
of
New
Tazewell.
As
of
June
30,
2000,
the
Company
had
total
assets
of
$205.2
million,
deposits
of
$172.5
million,
net
loans
receivable
of
$131.4
million
and
stockholders'
equity
of
$18.0
million.
The
Company
is
engaged
principally
in
the
business
of
accepting
deposits
from
the
general
public
and
originating
permanent
loans
that
are
secured
by
one-
to
four-family
residential
properties
located
in
its
market
area.
The
Company
also
originates
consumer
loans
and
commercial
real
estate
loans,
and
maintains
a
substantial
investment
portfolio
of
mortgage-backed
and
other
investment
securities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HFB
Financial
Corporation
is
a
holding
company
for
Home
Federal
Savings
Bank
which
serves
northeastern
Tennessee
and
southeastern
Kentucky.
For
the
nine
months
ended
3/31/01,
interest
income
rose
10%
to
$11.8
million.
Net
interest
income
after
provision
for
loan
losses
fell
10%
to
$4.6
million.
Net
income
fell
13%
to
$1.1
million.
Results
reflect
higher
earning
asset
balances,
offset
by
increased
interest
on
deposits
and
increased
salaries
and
occupancy
expenses. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
after
tax
earnings
were
379. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | Robert
V. Costanzo,
Chmn. David
B. Cook,
CEO Stanley
Alexander,
CFO Kenneth
V. Jones,
COO. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|