| Business Summary | | Webster
City
Federal
Bancorp
and
its
subsidiaries,
Webster
City
Federal
Savings
Bank
(the
Bank)
and
Security
Title
and
Abstract,
Inc.,
conduct
operations
in
Webster
City,
Iowa.
The
Bank
is
primarily
engaged
in
the
business
of
attracting
deposits
from
the
general
public
in
its
market
area
and
investing
such
deposits
in
mortgage
loans
secured
by
one-
to
four-family
residential
real
estate.
The
Bank's
primary
area
for
lending
and
other
financial
services
consists
of
Hamilton
County,
Iowa,
and
the
surrounding
contiguous
counties.
Security
Title
and
Abstract,
Inc.
is
engaged
in
the
business
of
providing
abstracting
and
title
services.
The
primary
area
for
these
services
consists
of
Hamilton
County,
Iowa
and
the
surrounding
contiguous
counties.
At
December
31,
2000,
the
Company
had
total
assets
of
$95.4
million,
total
deposits
of
$65.1
million,
and
stockholders'
equity
of
$20.9
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | WCFB
operates
a
federally
chartered
capital
stock
savings
bank
located
in
Webster
City,
Iowa.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
3%
to
$3.4
million.
Net
interest
income
after
loan
loss
provision
fell
8%
to
$1.6
million.
Net
income
fell
17%
to
$554
thousand.
Net
interest
income
reflects
an
increase
in
average
loans
outstanding,
offset
by
increased
FHLB
advances.
Earnings
reflect
the
addition
of
three
persons
employed
at
the
Security
Title. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Carroll Haynes, 68 Chairman | -- | Phyllis Murphy, 50 Pres,
CEO, Director | $100K | Stephen Mourlam, 48 CFO,
Exec. VP, Director | -- | Kyle Swon, 39 Sr.
VP, 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
|
|