| Business Summary | | Homestead
Bancorp,
Inc.
is
a
federally
chartered
savings
bank
that
conducts
business
through
two
full-service
offices
located
in
Ponchatoula
and
Amite,
Louisiana.
The
Bank
is
primarily
engaged
in
attracting
deposits
from
the
general
public.
Homestead
uses
such
funds
to
originate
loans
secured
by
single-family
residences
located
primarily
in
Tangipahoa,
Livingston
and
St.
Helena
Parishes,
Louisiana
and
to
purchase
mortgage-backed
securities.
As
of
December
31,
2000,
the
Bank
had
$111.6
million
of
total
assets
and
$99.2
million
of
total
liabilities,
including
$41.5
million
of
deposits. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HSTD
operates
a
federally
chartered
savings
bank
that
conducts
business
through
two
offices
located
in
Ponchatoula
and
Amite,
LA.
For
the
three
months
ended
3/31/01,
total
interest
income
rose
8%
to
$2.1
million.
Net
interest
income
after
loan
loss
prov.
rose
3%
to
$717
thousand.
Net
income
rose
5%
to
$151
thousand.
Net
interest
income
reflects
an
increase
in
the
volume
of
the
loan
portfolio,
partially
offset
by
a
higher
cost
of
funds.
Net
income
reflects
higher
loan
sales. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
after
tax
earnings
were
159. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Milton Schanzbach, 74 Chairman | -- | Lawrence Caldwell, Jr., 53 Pres,
CEO, Director | $116K | Barbara Theriot, 56 Sec.,
Treasurer, Director | -- | 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
|
|