| Business Summary | | First
Sentinel
Bancorp,
Inc.
is
a
thrift
holding
company
that
was
organized
by
First
Savings
Bank
(the
Bank)
for
the
purpose
of
holding
all
of
the
capital
stock
of
the
Bank.
The
Company's
principal
business,
which
is
conducted
through
the
Bank,
is
attracting
retail
deposits
from
the
general
public
and
investing
those
deposits,
together
with
funds
generated
from
operations
and
borrowings,
primarily
in
single-family
residential
mortgage
loans,
real
estate
construction
loans,
commercial
real
estate
loans,
home
equity
loans
and
lines
of
credit
and
multi-family
residential
mortgage
loans.
The
Company
maintains
a
significant
portfolio
of
mortgage-backed
securities
and
invests
in
United
States
Government,
federal
agency
and
corporate
debt
securities
and
other
marketable
securities.
The
Company's
revenues
are
derived
principally
from
interest
on
its
loan
and
mortgage-backed
securities
portfolios,
and
interest
and
dividends
on
its
investment
securities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FSLA
is
a
bank
holding
company
for
First
Savings
Bank
of
New
Jersey.
For
the
six
months
ended
6/30/01,
interest
income
rose
1%
to
$67.6
million.
Net
interest
income
after
loan
loss
provision
rose
1%
to
$28.9
million.
Net
income
rose
5%
to
$12.1
million.
Interest
income
reflects
higher
average
loan
balances.
Earnings
reflect
increased
fees
and
service
charges
as
well
as
lower
occupancy
and
advertising
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Philip Ruegger, Jr., 74 Chairman | -- | John Mulkerin, 63 Pres,
CEO, Director of the Company and the Bank | $513K | Christopher Martin, 44 CFO,
COO, Execuitve VP, Director of the Company and the Bank; Sec. to the Company | 414K | Maryanne Guenther Sr.
VP, Marketing | -- | Richard St. George Sr.
VP, Information Technology and Systems | -- | 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
|
|