| Business Summary | | TF
Financial
Corporation
is
a
community
oriented
savings
institution
offering
a
variety
of
financial
services
to
meet
the
needs
of
the
communities
it
serves.
As
of
December
31,
2000
the
Company
operated
15
branch
offices
in
Bucks
and
Philadelphia
counties,
Pennsylvania
and
in
Mercer
County,
New
Jersey,
including
a
new
office
opened
in
Bucks
County,
Pennsylvania
during
the
first
quarter
of
2000.
The
Company
attracts
deposits
from
the
general
public
and
uses
such
deposits,
together
with
borrowings
and
other
funds
primarily
to
originate
or
purchase
loans
secured
by
first
mortgages
on
owner-occupied,
one-
to
four-family
residences
in
its
market
area
and
to
invest
in
mortgage-backed
and
investment
securities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | THRD
is
a
holding
Co.
for
Third
Federal
Savings
Bank,
a
federally
chartered
institution,
TF
Investments
and
Penns
Trail
Development.
For
the
six
months
ended
6/01,
total
interest
income
fell
1%
to
$24.1
million.
Net
interest
income
after
loan
loss
prov.
rose
4%
to
$10.1
million.
Net
income
rose
41%
to
$2.9
million.
Net
interest
income
reflects
lower
average
earning
assets
and
lower
FHLB
advances.
Earnings
reflect
gains
on
the
sale
of
premises
and
equipment. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Dusek, 61 Chairman | -- | John Stranford, 59 Pres,
CEO, Chief Operating Officer | $318K | Dennis Stewart CFO,
Sr. VP | 129K | Elizabeth Maier, 54 Sr.
VP and Sec. | -- | Floyd Haggar Sr. VP and CLO of the Bank | 148K | 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
|
|