| Business Summary | | WVS
Financial
Corp.
is
the
parent
holding
company
of
West
View
Savings
Bank.
The
principal
categories
of
loans
in
the
Company's
portfolio
are
single-family
and
multi-family
residential
real
estate
loans,
commercial
real
estate
loans,
construction
loans,
consumer
loans
and
land
acquisition
and
development
loans.
The
Company
continued
to
hold
a
significant
portion
of
its
investment
portfolio
in
United
States
Government
and
agency
obligations.
The
Company's
principal
source
of
funds
for
use
in
lending
and
for
other
general
business
purposes
has
traditionally
come
from
deposits
obtained
through
the
Company's
home
and
branch
offices. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | WVFC
is
a
chartered
unitary
bank
holding
company
for
West
View
Savings
Bank.
For
the
fiscal
year
ended
6/30/01,
total
interest
income
increased
4%
to
$29.1
million.
Net
interest
income
after
loan
loss
provision
decreased
10%
to
$9.8
million.
Net
income
increased
9%
to
$4.8
million.
Net
interest
income
reflects
an
increase
in
earning
assets,
offset
by
decreased
interest
spreads.
Net
income
reflects
decreased
salaries
and
employee
benefits
expenses. | More
from
Market Guide: Significant
Developments |
| | | William
J. Hoegel,
Chmn. David
J. Bursic,
Pres./
CEO Margaret
VonDerau,
Sr. VP/Treas./Secy. Edward
M. Wielgus,
Sr. VP. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|