| Business Summary | | Hingham
Institution
for
Savings
is
a
Massachusetts-chartered
savings
bank
that
provides
savings,
checking
and
term
certificate
accounts,
and
residential
and
commercial
mortgage
loans.
The
Company
offers
a
variety
of
mortgages
and
mortgage-related
services,
home
equity
loans,
automobile
loans,
overdraft
protection,
fixed-rate
equity
loans,
personal
loans,
passbook
loans,
financing
for
all
types
of
income-producing
real
estate,
checking
accounts,
passbook
savings
accounts,
statement
savings
accounts,
and
money
market
accounts
for
personal
banking
customers.
For
business
banking
customers,
there
are
three
different
types
of
business
checking
for
different
business
needs,
as
well
as
business
certificate
of
deposit
accounts
and
business
money
market
accounts. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HIFS,
a
MA-chartered
savings
bank,
provides
savings,
checking
and
term
certificate
accounts,
and
residential
and
commercial
mortgage
loans.
For
the
six
months
ended
6/30/01,
interest
income
rose
13%
to
$13
million.
Net
interest
income
after
loan
loss
provision
rose
12%
to
$6.3
million.
Net
income
rose
23%
to
$2.5
million.
Net
interest
income
after
LLP
reflects
an
increase
in
interest
earning
assets.
Net
income
also
reflects
$136
thousand
in
gains
on
the
sale
of
securities. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Robert Gaughen Jr. | Pres,
CEO | Deborah Jackson | Sr.
VP, Treasurer | William Donovan Jr. | VP-Admin. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|