| Business Summary | | Montgomery
Financial
Corporation
was
organized
by
Montgomery
Savings,
a
Federal
Association,
for
the
purpose
of
serving
as
a
savings
and
loan
holding
company.
The
principal
asset
of
the
Company
is
the
outstanding
stock
of
the
Association,
its
wholly
owned
subsidiary.
The
Association
is
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
one-
to
four-family
residences.
The
Association
also
invests
in
United
States
Government
and
federal
agency
obligations
and
mortgage-backed
securities,
which
are
insured
by
federal
agencies.
The
Association
currently
owns
one
subsidiary,
MSA
Service
Corporation,
a
real
estate
management
company. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Montgomery
Financial
is
a
bank
holding
company
for
Montgomery
Savings,
a
federally-chartered
savings
and
loan
association
with
five
offices
in
IN.
For
the
nine
months
ended
3/31/01,
total
interest
income
rose
6%
to
$7.8
million.
Net
interest
income
after
loan
loss
provision
fell
9%
to
$2.7
million.
Net
income
fell
41%
to
$331
thousand.
Results
reflect
increased
interest
paid
on
deposits,
reduced
gains
on
securities
and
increased
personnel
and
occupancy
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| C. Rex Henthorn, 62 Chairman
of Directors | -- | Earl Elliott, 67 Director,
CEO and Pres | $197K | J. lee Walden, 52 Director,
VP, Chief Operating Officer and Chief Financial Officer | -- | Nancy McCormick, 44 Sec.
and Treasurer | -- | 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
|
|