| Business Summary | | GS
Financial
Corp.
is
the
holding
company
for
its
wholly
owned
subsidiary,
Guaranty
Savings
and
Homestead
Association
(the
Association),
a
state-chartered
stock
savings
and
loan
association.
The
Association's
unconsolidated
assets,
as
of
December
31,
2000,
totaled
$151.2
million
and
comprised
98.5%
of
the
total
consolidated
assets
of
the
Company.
The
Association
provides
financial
services
primarily
to
individuals,
mainly
through
the
origination
of
mortgage
loans
on
one-
to
four-family
residences.
The
Association
accepts
deposits
in
the
form
of
passbook
savings,
certificates
of
deposit,
demand
deposit
accounts
and
individual
retirement
accounts.
The
Association
also
invests
in
short-
and
long-term
liquid
investments,
such
as
United
States
Treasury
and
Agency
securities,
mortgage-backed
securities,
overnight
Federal
Funds,
money
market
investments
and
qualified
thrift-grade
mutual
funds. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | GS
Financial
is
the
holding
company
for
Guaranty
Savings
and
Homestead
Association,
a
stock
savings
and
loan
association.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
16%
to
$6.5
million.
Net
interest
income
after
loan
prov.
fell
11%
to
$2.6
million.
Net
income
rose
60%
to
$890
thousand.
Net
interest
income
reflects
increased
income
from
loans
and
CMOs
offset
by
a
higher
balance
of
FHLB
advances.
Net
income
benefited
from
a
$591
thousand
gain
on
investments. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Donald Scott, 49 Pres
and CEO | $218K | Bruce Scott, 48 Exec.
VP | 206K | Lettie Moll, 47 VP
and Sec. | -- | Ralph Weber, 56 VP | -- | 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
|
|