| Business Summary | | First
Capital,
Inc.
was
organized
for
the
purpose
of
becoming
the
holding
company
for
First
Federal
Bank,
a
Federal
Savings
Bank
(the
Bank),
upon
the
Bank's
reorganization.
The
Bank
became
a
wholly
owned
subsidiary
of
the
Company
when
First
Capital,
Inc.,
M.H.C.
converted
from
a
federal
mutual
holding
company
to
a
stock
holding
company.
The
principal
lending
activity
of
the
Bank
is
the
origination
of
residential
mortgage
loans.
To
a
lesser
extent,
the
Bank
also
originates
consumer,
commercial
business,
commercial
real
estate,
including
farm
properties,
and
residential
construction
loans.
The
Bank
periodically
invests
in
mortgage-backed
securities,
including
those
guaranteed
or
insured
by
the
Government
National
Mortgage
Association
(Ginnie
Mae),
Fannie
Mae
or
Freddie
Mac.
Deposits
and
loan
repayments
are
the
major
source
of
the
Bank's
funds
for
lending
and
other
investment
purposes. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | First
Capital,
Inc.
is
the
bank
holding
company
for
First
Federal
Bank,
a
Federal
savings
bank.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
13%
to
$9.4
million.
Net
interest
income
after
loan
loss
provision
rose
10%
to
$4.4
million.
Net
income
rose
40%
to
$1.5
million.
Net
interest
income
reflects
increased
earning
asset
balances,
partially
offset
by
increased
interest
paid
on
FHLB
advances.
Earnings
reflect
higher
service
charges
and
loan
sale
gains. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| J. Gordon Pendleton, 67 Chairman | $109K | William Harrod, 44 Pres,
Chief Exec. Officer | 167K | Samuel Uhl, 55 COO | 201K | 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
|
|