| Business Summary | | Ledger
Capital
Corp.,
formerly
Hallmark
Capital
Corp.,
is
a
holding
company
that
is
engaged
in
the
financial
services
business
through
its
wholly
owned
subsidiary,
West
Allis
Savings
Bank,
a
Wisconsin
state-chartered
stock
savings
bank
headquartered
in
Milwaukee,
Wisconsin.
The
Company
primarily
focuses
on
the
origination
and
purchase
of
mortgage
loans
(principally
loans
secured
by
one-
to
four-family
owner-occupied
homes)
within
and
outside
of
the
Company's
primary
lending
area;
the
purchase
of
mortgage-backed
and
related
securities,
and
the
origination
and
purchase
of
commercial
real-estate
and
business
loans
within
and
outside
of
the
Company's
primary
lending
area.
The
Company
offers
a
variety
of
retail
deposits
and
services
primarily
in
the
metropolitan
Milwaukee
area
(the
primary
lending
area). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | LEDG
is
a
bank
holding
Company
for
West
Allis
Savings
Bank,
a
Wisconsin
state
chartered
bank
serving
Milwaukee
and
Waukesha
Counties.
For
the
nine
months
ended
3/01,
total
interest
income
rose
4%
to
$29.9
million.
Net
interest
income
after
loan
prov.
fell
10%
to
$8.2
million.
Net
income
fell
27%
to
$1.8
million.
Net
interest
income
reflects
an
increase
in
average
gross
loans
offset
by
higher
rates
paid
on
deposits.
Net
income
also
reflects
increased
personnel
and
occupancy
expenses. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
9,409;
after
tax
earnings
were
505. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| James Smessaert, 62 Chairman,
Pres and CEO | $187K | Arthur Thompson, 40 CFO
and Treasurer | -- | Peter Gilbert, 52 COO,
Exec. VP, Sec., Director | 152K | Elizabeth Borst, 38 Sr.
VP | -- | 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
|
|