| Business Summary | | Community
Investors
Bancorp,
Inc.
was
organized
for
the
purpose
of
acquiring
all
of
the
capital
stock
to
be
issued
by
the
First
Federal
Savings
and
Loan
Association
of
Bucyrus
upon
its
conversion
from
a
federally-chartered
mutual
savings
and
loan
to
a
federally-chartered
stock
association.
The
Association
is
a
traditional
savings
and
loan
association
primarily
engaged
in
attracting
deposits
from
the
general
public
through
its
offices
and
using
those
and
other
available
sources
of
funds
to
originate
loans
secured
by
single-family
residences
primarily
located
in
Crawford
County,
Ohio.
To
a
lesser
extent,
the
Association
originates
other
real
estate
loans
secured
by
non-residential
real
estate
and
construction
loans
and
non-real
estate
loans,
primarily
consumer
loans.
The
Association
also
invests
in
United
States
Treasury
and
federal
government
agency
obligations
and
mortgage-backed
securities
which
are
issued
or
guaranteed
by
federal
agencies. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CIBI
is
a
savings
and
loan
holding
company
for
First
Federal
Savings
and
Loan
Association
of
Bucyrus.
For
the
fiscal
year
ended
6/30/01,
interest
income
rose
4%
to
$8.8
million.
Net
interest
income
after
LLP
rose
9%
to
$3.6
million.
Net
income
rose
63%
to
$1.1
million.
Net
interest
income
reflects
an
increase
in
average
interest-earning
assets
and
a
higher
net
interest
margin.
Earnings
also
reflects
the
absence
of
a
$374
thousand
loss
on
disposition
of
mobile
home
loan
portfolio. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Dale Hoyles, 62 Chairman | -- | John Kennedy, 59 Pres
and Managing Officer | $92K | David Auck, 56 Vice
Chairman | -- | Brian Buckley, 53 VP | -- | Phillip Gerber, 47 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
|
|