| Business Summary | | MFB
Corp.
is
a
unitary
savings
and
loan
holding
company.
The
Company's
wholly
owned
subsidiary,
MFB
Financial,
directly,
and
indirectly
through
its
service
corporation
subsidiary,
Mishawaka
Financial
Services,
Inc.,
offers
a
number
of
consumer
and
commercial
financial
services.
These
services
include
residential
real
estate
loans,
home
equity
and
second
mortgage
loans,
construction
loans,
commercial
loans,
loans
secured
by
deposits
and
other
consumer
loans,
NOW
accounts,
passbook
savings
accounts,
certificates
of
deposit,
consumer
and
commercial
demand
deposit
accounts,
individual
retirement
accounts,
trust
services
and
a
variety
of
insurance
products
and
brokerage
services.
MFB
Financial
provides
its
services
through
its
seven
offices
comprised
of
three
in
Mishawaka,
two
in
South
Bend,
one
in
Elkhart,
and
one
in
Goshen,
Indiana.
The
Bank's
market
area
for
loans
and
deposits
primarily
consists
of
St.
Joseph
and
Elkhart
counties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MFBC
is
a
bank
holding
company
for
MFB
Financial,
a
federally
chartered
bank
with
seven
offices
in
Indiana.
For
the
six
months
ended
3/31/01,
total
interest
income
rose
15%
to
$15.4
million.
Net
interest
income
after
loan
loss
prov.
fell
29%
to
$4
million.
Net
income
fell
52%
to
$674
thousand.
Net
interest
income
reflects
higher
loan
volumes
receivable,
offset
by
an
increase
in
the
loan
loss
provision.
Earnings
suffered
from
staffing
increases. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
7,398;
after
tax
earnings
were
740. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Charles Viater, 46 Pres
and CEO | $237K | M. Gilbert Eberhart, 66 Sec. | -- | Timothy Boenne, 54 VP
and Controller of MFB Financial | -- | Donald Kyle, 53 Exec.
VP and COO of MFB Financial | 126K | 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
|
|