| Business Summary | | First
Federal
Bancorp,
Inc.,
a
unitary
savings
and
loan
holding
company,
is
engaged,
through
its
wholly
owned
subsidiary,
First
Federal
Savings
Bank
of
Eastern
Ohio
(First
Federal),
in
the
savings
and
loan
business
in
Ohio.
A
stock
federal
savings
bank
that
has
served
the
Zanesville,
Ohio,
area
for
over
100
years,
First
Federal
is
primarily
engaged
in
the
business
of
attracting
savings
deposits
from
the
general
public
and
investing
such
funds
in
loans
secured
by
one-
to
four-
family
residential
real
estate
located
primarily
in
eastern
Ohio.
In
recent
years,
First
Federal
has
increased
its
origination
of
consumer
loans,
primarily
direct
and
indirect
loans,
for
the
purchase
of
automobiles. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FFBZ
is
a
unitary
savings
and
loan
holding
company
for
First
Federal
Savings
Bank
of
Eastern
Ohio.
For
the
nine
months
ended
6/30/01,
total
interest
income
increased
14%
to
$14.1
million.
Net
interest
income
after
loan
loss
provision
rose
15%
to
$6
million.
Net
income
increased
53%
to
$1.8
million.
Net
interest
income
reflects
higher
interest
earned
on
loans
and
a
lower
loan
loss
provision.
Net
income
also
reflects
higher
service
charges
on
deposit
accounts. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
4,587;
after
tax
earnings
were
773. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| John Matesich, III, 57 Chairman | -- | -- | J. William Plummer, 55 Pres,
CEO | $196K | -- | Connie LaPlante, 44 Treasurer | 122K | $53K | Ward Coffman, III, 47 Sec. | -- | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|