| Business Summary | | Rome
Bancorp,
Inc.
is
the
stock
holding
company
for
The
Rome
Savings
Bank
(the
Bank),
a
New
York-chartered
stock
savings
bank.
The
Company's
sole
business
is
conducted
by
its
wholly
owned
subsidiary,
the
Bank.
The
Bank'
s
principal
business
is
accepting
deposits
from
the
general
public
and
using
those
deposits
to
make
residential
and
commercial
real
estate
loans,
as
well
as
commercial
and
consumer
loans
to
individuals
and
small
businesses
primarily
in
Oneida
County
and
also
elsewhere
in
New
York
State.
The
Bank
also
invests
in
long
and
short-term
marketable
securities
and
other
liquid
investments. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Rome
Bancorp,
Inc.
is
the
holding
company
for
Rome
Savings
Bank,
which
is
a
New
York-chartered
savings
bank.
For
the
six
months
ended
6/30/01,
interest
income
rose
10%
to
$8.6
million.
Net
interest
income
after
loan
loss
provision
rose
3%
to
$4.8
million.
Net
income
rose
20%
to
$1.1
million.
Net
interest
income
reflects
an
increase
in
average
earning
assets,
partially
offset
by
higher
interest
bearing
costs.
Earnings
reflect
a
decrease
in
total
non-interest
expense. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
4,260;
after
tax
earnings
were
562. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Charles Sprock, 61 Chairman,
Pres and CEO | $365K | David Nolan CFO, VP | -- | Marion Scoville, 70 Sec.
and Exec. Assistant to the Pres, Director | -- | D. Bruce Fraser VP-
Branch Admin. and Security | -- | James Sullivan Vice
Preswisdent and Sr. Loan Officer of Rome Savings | -- | 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
|
|