| Business Summary | | Flagstar
Bancorp,
Inc.
is
the
holding
company
for
Flagstar
Bank,
FSB,
a
federally
chartered
stock
savings
bank.
Through
its
retail
banking
centers
and
e-commerce
distribution
channels,
the
Company
attracts
deposits
from
the
general
public.
The
Company
utilizes
these
deposits,
along
with
other
funds
garnered
from
the
secondary
market,
to
originate
or
acquire
loans
on
a
nationwide
basis.
In
addition,
but
to
a
lesser
extent,
the
Company
provides
warehousing
lines
of
credit
on
a
nationwide
basis,
and
originates
commercial
real
estate
loans,
consumer
loans
and
non-real
estate
commercial
loans
within
its
retail
market
area.
The
Company
also
services
mortgage
loans
located
throughout
the
United
States.
As
of
December
31,
2000,
the
Company
conducted
its
retail
lending
operations
from
52
retail
banking
centers
and
42
loan
origination
centers
located
in
Michigan,
Florida,
Ohio
and
California. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FBC,
is
a
MI
based
holding
company
for
Flagstar
Bank,
FSB,
which
provides
mortgage
and
retail
banking
services.
For
the
six
months
ended
6/01,
total
interest
income
rose
29%
to
$220.6
million.
Net
interest
income
after
loan
prov.
rose
2%
to
$37.4
million.
Net
income
totalled
$27.4
million,
up
from
$12.4
million.
Net
interest
income
reflects
increased
average
earning
assets,
partially
offset
by
a
higher
loan
provision.
Net
income
reflects
increased
gains
from
the
sale
of
loans. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Thomas Hammond, 57 Chairman
and CEO of the Company and the Bank | $1.4M | Mark Hammond, 35 Vice
Chairman, Pres of the Company and the Bank | 1.0M | Michael Carrie, 46 CFO,
Exec. VP of the Company and the Bank, Director | 308K | Joan Anderson, 50 Exec.
VP of the Company and the Bank, Director | 256K | Kirstin Hammond, 34 Exec.
VP of the Company and the Bank | 238K | 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
|
|