| Business Summary | | IBL
Bancorp,
Inc.
was
incorporated
to
serve
as
the
holding
company
for
Iberville
Building
&
Loan
Association
(Association),
following
its
conversion
from
mutual
to
stock
form
(Conversion).
The
Company
purchased
all
of
the
capital
stock
of
the
Association
in
exchange
for
50%
of
the
net
Conversion
proceeds.
The
principal
business
of
the
Company
consists
of
attracting
deposits
from
the
general
public
and
investing
those
funds
in
loans,
secured
by
one-
to
four-family
residential
properties.
These
residential
properties
are
located
in
the
Company's
primary
market
area,
which
mainly
consists
of
the
Louisiana
parishes
of
Iberville
and
West
Baton
Rouge. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | IBLB
is
the
holding
company
for
the
Iberville
Building
and
Loan
Association.
For
the
six
months
ended
6/30/01,
interest
income
rose
15%
to
$1.3
million.
Net
interest
income
after
loan
loss
provision
rose
2%
to
$596
thousand.
Net
income
fell
46%
to
$84
thousand.
Net
interest
income
reflects
increased
earning
assets,
partially
offset
by
increased
deposits.
Net
income
was
offset
by
an
increase
in
compensation
and
benefits. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| G. Lloyd Bouchereau, Jr., 59 Pres,
CEO, Director | $103K | Danny Strickland, 34 VP,
Director | -- | Gary Pruitt, 59 Sec.,
Treasurer, Director | -- | 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
|
|