| Business Summary | | First
SecurityFed
Financial,
Inc.
is
the
holding
company
of
First
Security.
First
Security's
business
involves
attracting
deposits
from
the
general
public
and
using
such
deposits,
together
with
other
funds,
to
originate
primarily
one-
to
four-family
residential
mortgage
loans
and,
to
a
lesser
extent,
multi-family
and
commercial
real
estate,
construction,
consumer
and
other
loans
in
its
market
area.
The
Bank
also
invests
in
mortgage-backed
and
other
securities
and
other
permissible
investments.
The
Bank
offers
a
variety
of
accounts
having
a
range
of
interest
rates
and
terms.
The
Bank's
deposits
include
passbook
and
NOW
accounts,
money
market
accounts
and
certificate
accounts
with
terms
of
three
months
to
five
years.
The
Bank
solicits
deposits
only
in
its
primary
market
area
and
does
not
accept
brokered
deposits. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FSFF
is
a
bank
holding
company
for
First
Security
Federal
Savings
Bank,
a
federally
chartered
mutual
savings
bank
with
branches
in
Chicago,
IL
and
Philadelphia,
PA.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
9%
to
$15.1
million.
Net
interest
income
after
loan
loss
prov.
rose
4%
to
$7.4
million.
Net
income
rose
11%
to
$3.2
million.
Net
interest
income
reflect
loan
growth,
partially
offset
by
higher
interest
costs.
Earnings
reflect
gains
on
real
estate
sales. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Paul Nadzikewycz, 62 Chairman | -- | Julian Kulas, 66 Pres,
CEO of the Bank | $195K | Harry Kucewicz, 44 CFO,
Treasurer of the Corp. and the Bank | -- | Paul Brandriwsky, 45 COO,
VP of the Corp. and the Bank | -- | Adrian Hawryliw, 64 VP
of the Bank and of the Corp. | -- | 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
|
|