| Business Summary | | CFS
Bancorp
Inc.
conducts
business
as
a
unitary
savings
and
loan
holding
company.
The
Company
operates
the
Citizens
Financial
Services,
FSB
(the
Bank).
Deposits
are
the
primary
source
of
the
Bank's
funds
for
lending
and
other
investment
purposes.
In
addition
to
deposits,
the
Bank
derives
funds
from
loan
principal
repayments
and
prepayments
and
borrowings.
Loan
repayments
are
a
relatively
stable
source
of
funds,
while
deposit
inflows
and
outflows
are
significantly
influenced
by
general
interest
rates
and
money
market
conditions.
The
Company
also
provides
fiduciary
services
through
the
Bank's
Trust
Department.
Services
offered
include
fiduciary
services
for
trusts
and
estates
and
land
trusts.
The
Bank
currently
has
two
active,
wholly
owned
subsidiaries:
CFS
Insurance
Agency
Inc.
and
CFS
Investment
Services
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CFS
Bancorp
is
a
bank
holding
company
for
Citizens
Financial
Services,
FSB,
a
federal
savings
bank
with
branches
in
IN
and
IL.
For
the
six
months
ended
6/01,
total
interest
income
fell
less
than
1%
to
$58
million.
Net
interest
income
after
loan
loss
provision
fell
3%
to
$20.2
million.
Net
income
rose
33%
to
$6
million.
Net
interest
income
reflects
decreased
mortgage
volume,
along
with
tighter
spreads.
Earnings
reflect
the
inclusion
of
insurance
proceeds. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Thomas Prisby, 59 Chairman
and CEO | $481K | James Prisby, 50 Vice
Chairman, Pres, COO | 406K | John Stephens, 56 CFO,
Exec. VP | 296K | Janice Dobrinich, 45 Sr.
VP | 119K | David Hinshelwood VP
of Sales | -- | 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
|
|