| Business Summary | | Prestige
Bancorp,
Inc.
conducts
business
as
a
unitary
savings
and
loan
holding
company.
As
of
December
31,
2000,
the
Company
holds
the
shares
of
the
Prestige
Bank,
a
Federal
Savings
Bank
(the
Savings
Bank).
The
Savings
Bank
is
a
federally
chartered
savings
that
conducts
business
from
its
executive
offices
located
in
Pleasant
Hills,
Pennsylvania
and
five
full-service
offices
located
in
Allegheny
and
Washington
Counties,
Pennsylvania.
The
Savings
Bank's
lending
operations
follow
the
traditional
pattern
of
primarily
emphasizing
the
origination
of
one-to-four
family
residential
loans
for
portfolio
retention.
The
loan
products
Savings
Bank
offers
include
commercial
business
loans,
commercial
real
estate
loans,
construction
loans,
and
consumer
loans,
including
home
equity
or
home
improvement
loans,
automobile
loans,
student
loans,
credit
card
loans,
cash
collateral
personal
loans
and
unsecured
personal
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PRBC
is
the
holding
company
for
Prestige
Bank,
a
federally
chartered
stock
savings
bank.
For
the
six
months
ended
6/30/01,
total
interest
income
fell
7%
to
$6.9
million.
Net
interest
income
after
loan
loss
prov.
fell
11%
to
$2.3
million.
Net
income
fell
8%
to
$332
thousand.
Net
interest
income
reflects
lower
earning
asset
balances
and
increased
interest
paid
on
deposits.
Earnings
were
partially
offset
by
$479
thousand
in
gains
on
curtailment
of
the
pension
plan. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Mark Schoen, 47 Chairman,
CEO | $25K | James Hein, 37 CFO | -- | Patricia White, 54 Exec.
VP, Treasurer, Sec., 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
|
|