| Business Summary | | QCF
Bancorp
is
the
holding
company
of
the
Queen
City
Federal
Savings
Bank.
The
Company's
principal
business
is
the
business
of
the
Bank.
The
Bank
is
a
federal
savings
bank
operating
through
three
offices
serving
north
central
St.
Louis
County
in
Minnesota.
The
Bank's
principal
business
consists
of
attracting
deposits
from
the
general
public
and
investing
those
funds
primarily
in
investment
securities
and
loans
secured
by
first
mortgages
on
owner-occupied,
single-family
residences
in
the
Bank's
market
area
and
consumer
loans.
The
Bank
also
originates
first
mortgage
loans
on
multi-family
and
commercial
real
estate
and
commercial
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | QCF
Bancorp
is
a
holding
company
for
Queen
City
Federal
Savings
Bank
with
operations
in
Virginia
and
Ely,
Minnesota.
For
the
nine
months
ended
3/31/00,
interest
income
increased
5%
to
$8.3
million.
Net
interest
income
after
loan
loss
provision
rose
2%
to
$4.5
million.
Net
income
rose
6%
to
$1.7
million.
Net
interest
income
after
LLP
reflects
increased
gains
on
securities,
paritally
offset
by
loss
provisions.
Earnings
benefitted
from
decreased
occupancy
costs. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1997 Pay | |
| Philip Schumacher, 71 Chairman | -- | Kevin Pietrini, 47 Pres,
CEO | $211K | Robert Muhich, 69 Director
and Sec. | -- | Daniel Schultz, 38 VP
and Treasurer | 138K | Gerald McKenna, 40 VP
of Lending | -- | Dollar amounts are as of 30-June-1997 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
|
|