| Business Summary | | MSB
Financial,
Inc.
is
the
holding
company
for
Marshall
Savings
Bank
F.S.B.
The
principal
business
of
the
Company
consists
of
attracting
retail
deposits
from
the
general
public
and
investing
those
funds
primarily
in
permanent
and
construction
loans
secured
by
first
mortgages
on
owner-occupied,
one-
to
four-family
residences.
To
a
lesser
extent,
the
Company
also
originates
consumer
loans
and
permanent
and
construction
loans
secured
by
first
mortgages
on
non-owner-occupied
one-
to
four-family
residences
and
commercial
and
multi-family
real
estate.
At
June
30,
2000,
the
Company
had
total
assets
of
$93.2
million,
total
deposits
of
$49.6
million,
and
total
shareholders'
equity
of
$14.1
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MSBF
is
a
holding
Co.
for
Marshall
Savings
Bank,
a
federally
chartered
stock
savings
bank
in
MI
that
attracts
deposits
and
invests
in
loans
secured
by
first
mortgages
on
1-to-4
family
units.
For
the
fiscal
year
ended
6/30/01,
interest
income
rose
8%
to
$7.5
million.
Net
interest
income
after
loan
loss
prov.
rose
6%
to
$3.7
million.
Net
income
rose
25%
to
$1.4
million.
Results
reflect
increased
net
loan
receivables
and
increased
sales
of
mortgage
loans. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
1,838;
after
tax
earnings
were
422. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Aart VanElst, 96 Chairman | -- | Charles Cook, 52 Pres,
CEO | $154K | Dollar amounts are as of 30-June-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
|
|