| Business Summary | | Kankakee
Bancorp,
Inc.
is
the
savings
and
loan
holding
company
of
Kankakee
Federal
Savings
Bank,
a
federally
chartered
savings
bank.
The
Bank
has
two
subsidiaries,
KFS
Service
Corp.
and
KFS
Insurance
Agency,
Inc.,
which
engage
in
the
business
of
providing
securities
brokerage
services
and
insurance
and
annuity
products
to
its
customers
and
appraisal
services
to
the
Bank
and
other
lenders
in
the
Kankakee
area.
The
Bank
engages
in
a
general
full
service
retail
banking
business
and
offers
a
broad
variety
of
consumer
oriented
products
and
services
to
residents
of
its
primary
market
areas.
The
Bank
principally
is
engaged
in
the
business
of
attracting
deposits
from
the
general
public
and
originating
residential
mortgage
loans
in
its
primary
market
areas. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | KNK,
a
bank
holding
company
for
Kankakee
Federal
Savings
Bank,
provides
banking
services
in
14
IL
locations.
For
the
six
months
ended
6/30/01,
interest
income
rose
16%
to
$16.5
million.
Net
interest
income
after
loan
loss
provision
rose
6%
to
$6.7
million.
Net
income
increased
8%
to
$1.4
million.
Net
interest
income
reflects
loan
growth,
partially
offset
by
loan
loss
provisions.
Earnings
benefitted
from
increased
service
fee
income. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| William Cheffer, 70 Chairman,
Pres, CEO | $51K | $39K | Larry Huffman, 54 Vice
Chairman | -- | -- | Michael Stanfa, 51 Exec.
VP and Sec. | -- | -- | Ronald Walters, 51 VP,
Treasurer and CFO of the Company and Sr. VP, Treasurer and CFO o | 130K | 20K | Carol Hoekstra, 45 Assistant
Sec. of the Company and Sr. VP of the Bank | -- | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|