| Business Summary | | Pocahontas
Bancorp,
Inc.
was
organized
to
be
the
holding
company
for
Pocahontas
Federal
Savings
and
Loan
Association,
a
federally
chartered
savings
and
loan
association.
The
Bank
is
a
community-oriented
savings
institution
headquartered
in
Pocahontas,
Arkansas,
which
operates
14
full-service
offices
in
its
market
area,
which
consists
of
Northeast
Arkansas.
The
Bank
is
primarily
engaged
in
the
business
of
originating
single-family
residential
mortgage
loans
funded
with
deposits,
Federal
Home
Loan
Bank
advances
and
securities
sold
under
agreements
to
repurchase. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PFAL
is
a
bank
holding
company
for
Pocahontas
Federal
Savings
and
Loan,
a
federally
chartered
savings
and
loan
association.
For
the
six
months
ended
3/31/01,
interest
income
fell
10%
to
$13.9
million.
Net
interest
income
after
loan
loss
prov.
fell
19%
to
$4.6
million.
Net
income
fell
20%
to
$1.5
million.
Net
interest
income
reflects
lower
interest
earning
assets
and
higher
interest
expense
for
deposits.
Earnings
also
reflect
decreased
dividend
income. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
7,435;
after
tax
earnings
were
-964. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Ralph Baltz, 53 Chairman | -- | James Edington, 50 Pres,
CEO, Director | $224K | Dwayne Powell, 36 CFO,
Director | 181K | Richard Olvey, 57 Sr.
VP and Loan Officer | -- | Bill Stacy, 58 Sr.
VP and Loan Officer | -- | Dollar amounts are as of 30-Sep-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
|
|