| Business Summary | | Mahaska
Investment
Company
is
a
bank
holding
company
registered
under
the
Bank
Holding
Company
Act
of
1956
and
a
savings
and
loan
holding
company
under
the
Savings
and
Loan
Holding
Company
Act.
The
Company
owns
100%
of
the
stock
of
four
bank
subsidiaries
(collectively
referred
to
as
the
Banks).
These
four
banks
are
Mahaska
State
Bank,
Central
Valley
Bank,
Pella
State
Bank
and
Midwest
Federal
Savings
and
Loan
Association
of
Eastern
Iowa.
The
Company
also
owns
100%
of
the
stock
of
a
commercial
finance
company
MIC
Financial,
Inc.
The
Banks
engage
in
retail
and
commercial
banking
and
related
financial
services,
providing
the
usual
products
and
services
such
as
deposits,
commercial,
real
estate,
and
consumer
loans,
and
trust
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | OSKY
is
a
bank
holding
company
for
Mahaska
State
Bank,
Central
Valley
Bank,
Pella
State
Bank
and
On-Site
Credit
Services.
For
the
six
months
ended
6/01,
total
interest
income
rose
4%
to
$20
million.
Net
interest
income
after
loan
loss
prov.
fell
4%
to
$8.3
million.
Net
income
fell
5%
to
$2
million.
Net
interest
income
reflects
higher
loan
volumes,
offset
by
increased
interest
paid
on
CDs.
Net
income
reflects
an
increase
in
personnel,
occupancy
and
professional
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Charles Howard, 45 Chairman,
Pres and CEO | $219K | -- | David Meinert, 47 CFO,
Exec. VP, Director | 155K | -- | William Hassel, 52 Vice
Chairman and Pres of Midwest Federal Savings and Loan Association of Eastern Iowa, Directo | 180K | $53K | John Pothoven, 58 Chairman
and Pres of Mahaska State Bank, Director | 185K | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|