| Business Summary | | First
Federal
Bankshares,
Inc.
serves
as
the
holding
company
for
First
Federal
Bank,
a
federally
chartered
stock
savings
bank.
The
Bank
is
a
community-oriented
financial
institution
offering
traditional
financial
services
to
its
local
community.
The
Bank's
primary
lending
area
includes
mid-
and
northwest-Iowa
and
contiguous
portions
of
Nebraska
and
South
Dakota.
The
Bank's
primary
lending
activity
involves
the
origination
of
fixed
rate
and
adjustable
rate
mortgage
loans
secured
by
single
family
residential,
multi-family
residential
and
non-residential
real
estate.
To
a
lesser
extent,
the
Bank
makes
second
mortgage
loans
secured
by
the
borrower's
principal
residence
and
other
types
of
consumer
loans
such
as
auto
loans
and
home
improvement
loans.
At
June
30,
2000,
the
Company
had
total
assets
of
$723.4
million,
total
deposits
of
$471.6
million
and
stockholders'
equity
of
$68.1
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FFSX,
a
holding
Co.
for
First
Federal
Bank
of
Siouxland,
is
a
federally
chartered
savings
bank
serving
in
the
Sioux
City
metropolitan
area
and
adjacent
counties.
For
the
fiscal
year
ended
6/30/01,
interest
income
rose
5%
to
$50.6
million.
Net
interest
income
after
LLP
fell
25%
to
$13.2
million.
Net
income
fell
38%
to
$3
million.
Results
reflect
increased
interest
earning
assets,
offset
by
higher
interest
paid.
Earnings
reflect
lower
gains
on
the
sale
of
real
estate. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Barry Backhaus, 55 Pres,
CEO and Chairman | $390K | $43K | Jon Cleghorn, 58 Director,
Exec. Vice Pres and Chief Operating Officer | 269K | 26K | Steven Opsal, 46 Exec.
VP | 235K | -- | Sandra Sabel Sr. VP | 177K | -- | 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
|
|