| Business Summary | | Empire
Federal
Bancorp,
Inc.
is
the
holding
company
of
Empire
Federal
Savings
Bank.
The
Bank
is
a
community
oriented
financial
institution
that
has
traditionally
offered
a
variety
of
savings
products
to
its
retail
customers
while
concentrating
its
lending
activities
on
the
origination
of
loans
secured
by
one-
to
four-
family
residential
dwellings.
The
Bank
considers
Gallatin,
Park
and
Sweet
Grass
counties
in
south
central
Montana
to
be
its
primary
market
area.
During
1999,
the
Bank
received
regulatory
approval
to
open
a
de
novo
branch
in
Billings,
Montana,
and
management
expects
to
open
the
new
branch
in
April
2000. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Empire
Federal
Bancorp
is
a
bank
holding
company
for
Empire
Federal
Savings
Bank,
a
federally
chartered
bank
with
three
offices
in
south
central
Montana.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
15%
to
$4.8
million.
Net
interest
income
after
loan
loss
provision
rose
7%
to
$2.4
million.
Net
income
fell
13%
to
$559
thousand.
Results
reflect
increased
earning
asset
balances
due
to
growth
of
the
loan
portfolio,
offset
by
costs
related
to
new
offices. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Edwin Doig, 69 Chairman | -- | William Ruegamer, 56 Pres
and CEO of the Savings Bank and the Corp. | $155K | Beverly Harris, 67 Vice
Chairman | -- | Kenneth Cochran, 58 Sr.
VP of the Bank, Director | 106K | 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
|
|