| Business Summary | | Gouverneur
Bancorp,
Inc.
is
a
holding
company
for
its
wholly
owned
subsidiary,
Gouverneur
Savings
and
Loan
Association
(the
Bank).
The
Company's
principal
business
is
the
ownership
of
the
Bank.
Through
the
Bank's
full-service
office,
the
Company
services
a
primary
market
area
consisting
of
southern
St.
Lawrence
County
and
northern
Jefferson
and
Lewis
Counties
in
New
York
State.
Through
the
Bank,
the
Company's
business
consists
of
gathering
deposits
from
the
general
public
within
its
market
area
and
investing
those
deposits
primarily
in
loans,
debt
obligations
issued
by
the
United
States
Government
and
its
agencies
and
mortgaged-backed
securities.
The
Company's
loans
are
mainly
residential
one-
to
four-family
mortgage
loans.
More
recently,
the
Company
has
diversified
its
lending
by
increasing
its
number
of
automobile
loans,
construction
loans
and
real
estate
and
non-real
estate
commercial
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | GOV
is
the
holding
company
for
Gouverneur
Savings
and
Loan
Association,
which
serves
customers
in
St.
Lawrence
County,
NY
and
surrounding
areas.
For
the
nine
months
ended
6/30/01,
total
interest
income
rose
9%
to
$4.5
million.
Net
interest
income
after
LLP
fell
1%
to
$2.2
million.
Net
income
rose
4%
to
$593
thousand.
Net
interest
income
reflects
increases
in
the
Company's
loan
portfolio,
offset
by
lower
interest
spreads.
Earnings
reflect
higher
service
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Richard Bennett, 56 Pres,
CEO | $170K | Robert Twyman, 53 CFO | -- | 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
|
|