| Business Summary | | North
Central
Bancshares,
Inc.
is
the
holding
company
for
First
Federal
Savings
Bank
of
Iowa
(the
Bank),
a
federally
chartered
savings
bank
that
conducts
its
operations
from
its
main
office
located
in
Fort
Dodge,
Iowa
and
seven
branch
offices
located
in
Iowa.
Four
of
the
Bank's
branches
are
located
in
north
central
and
central
Iowa,
in
the
cities
of
Fort
Dodge,
Nevada,
Ames
and
Perry.
On
January
30,
1998,
the
Bank
acquired
Valley
Financial
Corp.,
an
Iowa
corporation,
and
the
holding
company
for
Valley
Savings
Bank,
FSB.
As
a
result
of
the
acquisition,
the
Bank
added
three
branches
in
southeastern
Iowa.
Principal
components
of
the
Company's
loan
portfolio
are
fixed-
and
adjustable-rate
first
mortgage
loans
secured
by
one-
to
four-family,
owner-occupied
residential
real
estate,
fixed-
and
adjustable-rate
first
mortgage
loans
secured
by
multi-family
residential
and
commercial
real
estate
and,
to
a
lesser
extent,
secured
and
unsecured
consumer
loans,
with
emphasis
on
second
mortgage
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FFFD
is
a
holding
company
for
the
First
Federal
Savings
Bank
of
Iowa,
a
federally
chatered
savings
bank.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
5%
to
$14
million.
Net
interest
income
after
loan
loss
prov.
fell
3%
to
$5.2
million.
Net
income
rose
4%
to
$2.1
million.
Net
interest
income
reflects
increased
mortgage
loans
and
consumer
loans,
offset
by
higher
interest
on
deposits.
Higher
income
reflects
an
increase
in
loan
originations. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| David Bradley, 49 Chairman,
Pres, CEO | $213K | John Pierschbacher, 41 CFO,
Treasurer | -- | C. Thomas Chalstrom, 37 Exec.
VP | -- | Kirk Yung, 38 Sr.
VP | -- | Jean Lake, 58 Sec. | -- | 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
|
|