| Business Summary | | Patapsco
Bancorp,
Inc.
has
no
significant
assets
other
than
its
investment
in
Patapsco
Bank.
The
Company
is
primarily
engaged
in
the
business
of
directing,
planning
and
coordinating
the
business
activities
of
the
Bank.
Patapsco
Bank
is
a
commercial
bank
operating
through
a
single
office
located
in
Dundalk,
Maryland
and
serving
eastern
Baltimore
County.
The
principal
business
of
the
Bank
historically
was
the
investment
of
deposits
from
the
general
public
in
loans
secured
by
first
mortgages
on
one-
to
four-family
(single-family)
residences
in
the
Bank's
market
area.
The
Bank
derived
its
income
principally
from
interest
earned
on
loans
and,
to
a
lesser
extent,
interest
earned
on
mortgage-backed
securities
and
investment
securities
and
noninterest
income. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PATD
is
the
holding
Co.
for
Patapsco
Bank,
a
state
bank
that
attracts
deposits
and
originates
consumer,
residential
and
commercial
loans
in
Dundalk,
MD.
For
the
fiscal
year
ended
6/30/01,
interest
income
rose
46%
to
$11.6
million.
Net
interest
income
after
LLP.
rose
24%
to
$4.9
million.
Net
income
applicable
to
Com.
rose
28%
to
$1
million.
Net
interest
income
reflect
the
Northfield
acquisition,
partially
offset
by
higher
LLP.
Earnings
reflect
increased
non-interest
income. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
3,230;
after
tax
earnings
were
295. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Thomas O' Neill, 47 Chairman | -- | Joseph Bouffard, 50 Pres,
CEO, Director | $144K | Michael Dee, 40 CFO,
VP, Controller | -- | Frank Duchacek, Jr., 56 Sr.
VP- Commercial Lending | -- | Debra Penczek, 44 VP
- Operations | -- | 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
|
|