| Business Summary | | Falmouth
Bancorp,
Inc.
is
the
holding
company
for
Falmouth
Co-operative
Bank,
a
stock
co-operative
bank.
The
Company's
sole
business
activity
is
ownership
of
the
Bank.
The
Bank's
principal
business
consists
of
attracting
deposits
from
the
general
public
and
using
these
funds
to
originate
mortgage
loans
secured
by
one-
to
four-family
residences
located
primarily
in
Falmouth,
Massachusetts
and
surrounding
areas
and
to
invest
in
United
States
Government
and
Agency
securities.
The
Company
also
makes
investments
in
long-
and
short-term
marketable
securities
and
other
liquid
investments. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Falmouth
Bancorp,
Inc.
is
a
holding
company
for
Falmouth
Co-operative
Bank,
a
state
chartered
bank
with
three
offices
in
MA.
For
the
nine
months
ended
6/01,
total
interest
income
rose
20%
to
$7.2
million.
Net
interest
income
after
loan
loss
prov.
rose
14%
to
$3.7
million.
Net
income
rose
21%
to
$1
million.
Net
interest
income
reflects
an
increase
in
interest
and
fee
income,
partially
offset
by
a
higher
loss
provision.
Net
income
benefitted
from
an
increase
in
mortgages
sold. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Walter Murphy, 74 Chairman | -- | Santo Pasqualucci, 61 Pres,
CEO | $175K | George Young, lll, 55 VP
and CFO | -- | Jeanne Alves, 56 Sec. | -- | Dollar
amounts are as of 30-Sep-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
|
|