| Business Summary | | Skibo
Financial
Corp.,
a
majority
owned
subsidiary
of
the
Skibo
Bancshares,
M.H.C.,
is
the
holding
company
of
First
Carnegie
Deposit
(the
Bank).
The
Company
operates
three
offices
in
a
market
area
that
covers
portions
of
both
the
Pittsburgh
and
Washington,
Pennsylvania
metropolitan
areas.
The
Company
offers
one-
to
four-family
and
multi-family
residential
real
estate
loans,
commercial
real
estate
loans
(including
farms),
government
agency
guaranteed
and/or
insured
real
estate
loans
and
SBA
and
other
government
guaranteed
consumer
and
commercial
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SKBO
is
a
non-traditional
savings
institution
with
three
branches
in
PA,
attracting
deposits
used
primarily
to
purchase
and
originate
1-to-4
family
mortgage
and
farm
loans.
For
the
fiscal
year
ended
3/31/01,
total
interest
income
rose
less
than
1%
to
$10.1
million.
Net
interest
income
after
loan
loss
prov.
fell
3%
to
$4.1
million.
Net
income
rose
3%
to
$1.1
million.
Results
reflect
an
increase
in
mortgage-back
securities
and
investment
income
and
lower
compensation
and
employee
benefits. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| John Burne, 74 Chairman | -- | Walter Kelly, 55 Pres,
CEO, Director | $246K | Carol Gilbert, 56 COO,
Chief Financial Officer, Treasurer | -- | Alexander Senules, 68 VP,
Sec., Director | -- | Dollar amounts are as of 31-Mar-2001 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
|
|