| Business Summary | | KS
Bancorp,
Inc.
is
the
savings
bank
holding
company
of
KS
Bank,
Inc.,
a
North
Carolina-chartered
capital
stock
savings
bank.
KS
Bancorp's
principal
business
activities
consist
of
the
ownership
of
the
Bank
and
a
loan
to
the
Bank's
Employee
Stock
Ownership
Plan
for
its
purchase
of
the
Company's
common
stock.
The
principal
business
of
the
Bank
is
accepting
deposits
from
the
general
public
and
using
those
deposits
and
other
sources
of
funds
to
make
mortgage
loans
secured
by
residential
real
estate
located
in
the
Bank's
primary
market
area. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | KS
Bancorp,
Inc.
is
a
bank
holding
company
for
KS
Bank,
Inc.,
a
state
chartered
bank
with
six
offices
in
North
Carolina.
For
the
six
months
ended
6/30/01,
interest
income
rose
11%
to
$6.4
million.
Net
interest
income
after
loan
loss
provision
rose
less
than
1%
to
$2.6
million.
Net
income
fell
9%
to
$593
thousand.
Net
interest
income
reflects
loan
growth,
partially
offset
by
increased
interest
costs
on
deposits.
Earnings
were
offset
by
increased
salaries. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Harold Keen, 52 Pres
and CEO | $143K | Earl Worley, Jr., 36 CFO,
Sr. VP | -- | William Clarke, 44 Sr.
VP | -- | Kevin Jorgenson, 53 Sr.
VP | -- | Ted Godwin, 51 Sr.
VP of the Bank | -- | 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
|
|