| Business Summary | | PSB
Bancorp,
Inc.
(PSB)
is
the
holding
company
of
First
Penn
Bank
(the
Bank).
At
December
31,
2000,
PSB
had
total
assets
of
$254.8
million
and
total
deposits
of
$204.2
million.
First
Penn
Bank
operates
seven
full-service
offices.
Six
offices
are
located
in
Philadelphia,
Pennsylvania
and
one
office
is
located
in
Glenside,
Montgomery
County,
Pennsylvania.
The
Bank
is
primarily
engaged
in
the
business
of
attracting
deposits
from
the
general
public
in
First
Penn
Bank's
market
area
and
investing
such
deposits
in
loans
secured
by
residential
mortgage
loans,
commercial
real
estate
loans,
commercial
business
loans,
construction
loans,
student
loans
and
mortgage-backed
securities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PSB
Bancorp,
Inc.
is
a
bank
holding
company
for
First
Penn
Bank,
a
commercial
bank.
For
the
six
months
ended
6/30/01,
total
interest
income
decreased
6%
to
$10
million.
Net
interest
income
after
loan
loss
provision
decreased
18%
to
$4.5
million.
Net
income
fell
26%
to
$990
thousand.
Net
interest
income
reflects
decreased
total
loan
volumes
and
decreased
interest
rates
earned.
Earnings
also
reflect
$130
thousand
in
investment
securities
losses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Vincent Fumo, 57 Chariman
of the Board and CEO | $358K | Anthony DiSandro, 53 Pres,
COO | 379K | Rosanne Pauciello, 54 Director
and Corp. Sec. | -- | Gary Polimeno, 48 VP
and Treasurer of First Penn Bank | 152K | 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
|
|