| Business Summary | | PS
Financial,
Inc.
is
a
holding
company
for
Preferred
Savings
Bank.
As
a
community-oriented
financial
institution,
PS
Financial
seeks
to
serve
the
financial
needs
of
communities
in
its
market
area.
PS
Financial's
business
involves
attracting
deposits
from
the
general
public
and
using
such
deposits,
together
with
other
funds,
to
originate
primarily
one-
to
four-family
residential
mortgage
loans
and,
to
a
lesser
extent,
multi-family
and
commercial
real
estate
loans
in
its
market
area.
The
Company
also
invests
in
mortgage-backed
and
other
securities
and
other
permissible
investments.
The
Company
offers
a
variety
of
accounts
having
a
range
of
interest
rates
and
terms.
The
Company's
deposits
include
savings
accounts,
checking
accounts,
money
market
accounts
and
certificate
accounts
with
terms
of
six
months
to
five
years.
In
general,
the
Company
solicits
deposits
only
in
its
primary
market
area
and
does
not
accept
brokered
deposits. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PS
Financial
is
a
bank
holding
company
for
Preferred
Savings
Bank,
a
federally
chartered
stock
savings
bank.
For
the
six
months
ended
6/30/01,
total
interest
income
decreased
14%
to
$3.8
million.
Net
interest
income
after
loan
loss
provision
fell
35%
to
$1.2
million.
Net
income
decreased
32%
to
$433
thousand.
Net
interest
income
reflects
lower
average
interest-earning
assets,
and
higher
interest
on
FHLB
advances.
Net
income
reflect
higher
gains
on
the
sale
of
securities. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Sylvester Ptak, 76 Chairman | -- | Kimberly Rooney, 44 Pres,
CEO | $142K | Jeffrey Przybyl, 35 CFO | -- | 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
|
|