| Business Summary | | Bedford
Bancshares,
Inc.
is
the
holding
company
for
Bedford
Federal
Savings
Bank
and
as
a
unitary
savings
and
loan
holding
company
is
generally
not
restricted
in
the
types
of
business
activities
in
which
it
may
engage
provided
that
the
Bank
retains
a
specified
amount
of
its
assets
in
housing
related
investments.
The
Bank
is
a
federally
chartered
stock
savings
bank.
The
Bank
operates
a
traditional
savings
bank
business,
attracting
deposit
accounts
from
the
general
public
and
using
those
deposits,
together
with
other
funds,
primarily
to
originate
and
invest
in
loans
secured
by
single-family
residential
real
estate. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Bedford
Bancshares,
Inc.
is
a
unitary
savings
and
loan
holding
company
for
Bedford
Federal
Savings
Bank.
For
the
nine
months
ended
6/30/01,
total
interest
income
rose
14%
to
$11.1
million.
Net
interest
income
after
provision
for
loan
losses
rose
7%
to
$4.9
million.
Net
income
fell
1%
to
$1.7
million.
Net
interest
income
reflects
an
increase
in
average
loans
receivable,
partially
offset
by
an
increase
in
deposits.
Net
income
reflects
an
increase
in
staffing. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Hugh Bond, 68 Chairman | -- | Harold Neal, 63 Pres
and CEO | $168K | James Smith, 55 VP,
Treasurer and Controller | -- | Nancy Snyder, 38 VP
and Sec. | -- | Russell Millner, 58 VP | -- | Dollar
amounts are as of 30-Sep-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
|
|