| Business Summary | | HF
Financial
Corp.
was
formed
for
the
purpose
of
owning
all
of
the
outstanding
stock
of
Home
Federal
Savings
Bank
issued
in
the
mutual
to
stock
conversion
of
Home
Federal.
Home
Federal
is
a
federally
chartered
stock
savings
bank.
Home
Federal
serves
20
cities
in
eastern
South
Dakota
through
its
network
of
27
retail
banking
offices
located
throughout
eastern
South
Dakota
and
one
Internet
branch
located
at
www.homefederal.com.
The
Bank
attracts
deposits
from
the
general
public
and
uses
such
deposits,
together
with
borrowings
and
other
funds,
to
originate
one-
to
four-family
residential,
consumer,
multi-family,
commercial
real
estate,
construction,
agricultural
and
commercial
business
loans.
The
Bank,
through
its
wholly-owned
subsidiaries,
offers
annuities,
health,
life,
hazard
and
other
insurance
products
and
appraisal
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HFFC
owns
and
operates
a
federally
chartered
stock
savings
bank,
a
mortgage
subsidiary
and
a
credit
card
provider.
For
the
nine
months
ended
3/31/01,
total
interest
income
rose
15%
to
$44.8
million.
Net
interest
income
after
loan
loss
provision
rose
25%
to
$16.3
million.
Net
income
fell
7%
to
$3.7
million.
Results
reflect
higher
average
loan
and
securities
balances
and
a
lower
provision
for
loan
losses,
offset
by
reduced
credit
card
fee
income
and
higher
occupancy
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Curtis Hage, 54 Chairman,
Pres and CEO | $290K | $20K | Gene Uher, 52 Exec.
VP and COO and Sec. | 198K | -- | Brent Johnson, 38 Sr.
VP/CFO/Treasurer | 130K | -- | Mary Hitzemann, 47 Sr.
VP - HR | -- | -- | David Brown, 38 Sr.
VP/Sr. Commercial Lending Officer | -- | -- | Dollar
amounts are as of 30-June-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
|
|