| Business Summary | | East
Texas
Financial
Services,
Inc.
is
the
savings
and
loan
holding
company
of
First
Federal
Savings
and
Loan
Association
of
Tyler.
The
principal
business
of
the
Company
consists
of
attracting
retail
deposits
from
the
general
public
and
investing
those
funds
in
one-
to
four-family
residential
mortgage
loans,
commercial
real
estate,
one-
to
four-family
construction,
multi-family,
commercial
and
consumer
loans.
The
Company
also
purchases
mortgage-backed
securities
and
invests
in
United
States
Government
and
agency
obligations
and
other
permissible
investments.
Its
primary
market
area
is
East
Texas,
with
a
concentration
in
Smith
and
Upshur
Counties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ETFS
is
a
bank
holding
Co.
for
First
Federal
Savings
and
Loan
Association
of
Tyler.
For
the
nine
months
ended
6/30/01,
total
interest
income
rose
32%
to
$10.7
million.
Net
interest
income
after
loan
loss
prov.
rose
21%
to
$3
million.
Net
income
totalled
$479
thousand,
up
from
$234
thousand.
Net
interest
income
reflects
increased
interest
earning
assets,
partially
offset
by
higher
interest
paid
on
deposits.
Earnings
reflect
a
higher
gain
on
the
sale
of
assets. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Jack Flock, 87 Chairman | -- | Gerald Free, 61 Vice
Chairman, Pres, CEO | $196K | Joe Hobson, 47 Sr.
VP, Lending of the Association | -- | Derrell Chapman, 42 VP,
COO and Chief Financial Officer | 116K | M. Earl Davis, 62 VP,
Compliance and Marketing | -- | Dollar amounts are as of 30-Sep-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
|
|