| Business Summary | | PennFed
Financial
Services,
Inc.
is
the
holding
company
for
Penn
Federal
Savings
Bank.
The
Company
is
a
community-oriented
financial
institution
offering
a
variety
of
financial
services.
The
Company
attracts
deposits
from
the
general
public
and
uses
such
deposits,
together
with
borrowings
and
other
funds,
to
originate
and
purchase
one-
to
four-family
residential
mortgage
loans,
and,
to
a
lesser
extent,
to
originate
commercial
and
multi-family
real
estate
and
consumer
loans.
The
Company
also
invests
in
mortgage-backed
securities
secured
by
one-
to
four-family
residential
mortgages,
United
States
government
agency
obligations
and
other
permissible
investments.
At
June
30,
2000,
the
Company
had
total
assets
of
$1.7
billion,
deposits
of
$1.1
billion,
and
stockholders'
equity
of
$114
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PennFed
Financial
Services,
Inc.
is
a
savings
and
loan
holding
company
for
Penn
Federal
Savings
Bank.
For
the
fiscal
year
ended
6/30/01,
total
interest
income
increased
8%
to
$120.4
million.
Net
interest
income
after
LLP
rose
less
than
1%
to
to
$36.7
million.
Net
income
decreased
3%
to
$12.5
million.
Net
interest
income
reflects
an
increase
in
interest
earning
assets,
partially
offset
by
lower
net
interest
margins.
Earnings
reflect
increased
compensation
and
benefit
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Anderson Anderson, 52 Chairman | -- | -- | Joseph LaMonica, 50 Pres,
CEO | $410K | -- | Jeffrey Carfora, 42 Exec.
VP and CFO | 152K | -- | Lucy Tinker, 60 Sr.
Exec. VP and COO | 250K | -- | Patrick McTernan, 48 Sr.
Exec. Vice Pres, Gen. Counsel, Sec. | 243K | $78K | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|