| Business Summary | | Jacksonville
Savings
Bank
is
an
Illinois-chartered
savings
bank
that
conducts
its
business
from
its
main
office
and
four
full-service
branches,
two
of
which
are
located
in
Jacksonville,
Illinois
one
of
which
is
located
in
Virden,
Illinois,
and
one
of
which
is
located
in
Litchfield,
Illinois.
The
Bank
is
a
community-oriented
savings
bank
engaged
primarily
in
the
business
of
attracting
retail
deposits
from
the
general
public
in
its
market
area
and
using
such
funds
together
with
borrowings
and
funds
from
other
sources
to
primarily
originate
mortgage
loans
secured
by
one-
to
four-family
residential
real
estate
and
consumer
loans.
The
Bank
also
originates
commercial
and
agricultural
real
estate
loans,
multi-family
real
estate
loans
and
commercial
and
agricultural
business
loans.
Additionally,
the
Bank
invests
in
mortgage-backed
securities
primarily
issued
or
guaranteed
by
the
United
States
Government
or
agencies
thereof. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Jacksonville
Savings
Bank
is
an
Illinois-chartered
mutual
holding
company
for
the
Jacksonville
Savings
Bank
which
operates
four
full-service
branches
in
IL.
For
the
three
months
ended
3/31/01,
interest
income
rose
39%
to
$4.6
million.
Net
interest
income
after
LLP
increased
27%
to
$2
million.
Net
income
rose
29%
to
$456
thousand.
Net
interest
income
reflects
an
acquisition,
partially
offset
by
higher
interest
on
deposits.
Higher
income
reflects
higher
gains
on
loans
sale. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
after
tax
earnings
were
-622. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | |
| Position | Andrew Applebee | Chairman,
CEO | Richard Foss | Pres,
COO | Roger McKinney | Exec.
VP | Carol Radtke | VP,
CFO |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|