| Business Summary | | Wayne
Savings
Bancshares,
Inc.,
a
federal
corporation
majority-owned
by
Wayne
Savings
Bankshares,
M.H.C.,
is
the
holding
company
of
Wayne
Savings
Community
Bank
(the
Bank).
The
Bank
is
a
stock
savings
and
loan
association
headquartered
in
Wooster,
Ohio.
The
Bank
is
a
community-oriented
savings
institution
offering
traditional
financial
services
to
its
local
community.
The
Bank's
primary
lending
and
deposit
gathering
area
includes
Wayne,
Holmes,
Ashland,
and
Medina
counties.
The
Bank's
principal
business
activities
consist
of
originating
one-
to
four-family
residential
real
estate
loans
in
its
market
area;
originating
multi-family
residential
and
non-residential
real
estate
loans;
originating
consumer
loans
and
construction
loans;
and
investing
in
mortgage-backed
securities
and
currently
maintains
a
significant
portion
of
its
assets
in
liquid
investments. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | WAYN
is
an
Ohio-chartered
stock
savings
and
loan
association.
For
the
three
months
ended
6/30/01,
total
interest
income
rose
2%
to
$5.4
million.
Net
interest
income
after
loan
loss
provision
decreased
2%
to
$2.1
million.
Net
earnings
increased
30%
to
$376
thousand.
Net
interest
income
reflects
increased
earning
assets,
offset
by
increased
interest
paid
on
deposits.
Earnings
benefitted
from
increased
service
fees
and
decreased
employee
compensation
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2001
Compensation | | Pay | Exer | |
| Charles Finn, 63 Chairman,
Pres, CEO | $169K | $35K | Todd Tappel, 37 CFO,
Sr. VP, Sec. | -- | -- | Wanda Christopher-Finn, 58 Exec.
VP, CAO | 110K | 22K | Gary Miller, 60 Sr.
VP, CLO | -- | -- | Myron Swartzentruber, 33 VP,
Controller | -- | -- | Dollar
amounts are as of 31-Mar-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|