| Business Summary | | GFSB
Bancorp,
Inc.
is
a
unitary
savings
and
loan
holding
company.
The
Company's
wholly
owned
subsidiary,
Gallup
Federal
Savings
Bank,
is
a
community
oriented,
full
service
retail
savings
institution
offering
primarily
traditional
mortgage
loan
products.
The
Bank
attracts
deposits
from
the
general
public
and
uses
such
deposits
primarily
to
invest
in
residential
lending
on
owner
occupied
properties.
The
Bank
also
makes
consumer,
commercial
real
estate,
commercial,
construction,
and
multi-family
loans.
The
Bank's
market
area
consists
of
Gallup,
New
Mexico
and
the
surrounding
communities
of
McKinley
County,
New
Mexico.
At
June
30,
2000,
the
Company
had
total
assets
of
$176.8
million,
total
deposits
of
$79.9
million,
and
total
stockholders'
equity
of
$12.7
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | GFSB
Bancorp
is
the
savings
and
loan
holding
company
for
Gallup
Federal
Savings
Bank.
For
the
nine
months
ended
3/31/01,
interest
income
rose
24%
to
$10.8
million.
Net
interest
income
after
loan
loss
provision
rose
6%
to
$3.7
million.
Net
income
rose
20%
to
$1.2
million.
Net
interest
income
reflects
an
increase
in
the
loan
portfolio,
partially
offset
by
a
higher
loan
loss
provision.
Net
income
reflects
increased
service
charge
income
and
decreased
insurance
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Richard Kauzlaric, 62 Chairman,
Pres, CEO | $24K | James Nechero, Jr., 66 Vice
Chairman | -- | Jerry Spurlin, 58 CFO,
Assistant Sec. | 116K | Richard Gallegos, 49 Pres
of the Bank | 143K | Leonard Scalzi, 52 Sr.
VP - Commercial Lending Officer | -- | 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
|
|