| Business Summary | | Leeds
Federal
Bankshares,
Inc.
is
a
federal
corporation
whose
only
significant
asset
is
its
investment
in
Leeds
Federal
Savings
Bank.
The
Bank
is
a
federally-chartered
savings
bank
and
a
community-oriented
savings
institution
that
is
primarily
engaged
in
the
business
of
attracting
deposits
and
investing
such
deposits
in
fixed-rate
one-
to
four-
family
residential
real
estate
mortgages
and
adjustable
rate
home
equity
loans
and,
to
a
lesser
extent,
commercial
real
estate
loans
and
consumer
loans.
The
Bank
also
invests
in
mortgage-backed
securities
issued
or
guaranteed
by
the
United
States
Government
or
agencies
thereof,
secured
short-term
loans
to
commercial
banks,
interest-earning
deposits
in
other
institutions,
and
other
short-
and
medium-term
investments.
The
Bank's
market
area
comprises
parts
of
the
Maryland
counties
of
Baltimore,
Howard,
Harford,
Anne
Arundel,
and
Carroll,
and
Baltimore
City. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | LFED
is
a
bank
holding
company
for
Leeds
Federal
Savings
Bank,
a
federally
chartered
savings
bank.
For
the
nine
months
ended
3/31/01,
total
interest
income
rose
4%
to
$17.1
million.
Net
interest
income
after
loan
provision
fell
9%
to
$5.6
million.
Net
income
fell
20%
to
$2.2
million.
Net
interest
income
reflects
increased
loan
balances
and
income
from
securities
offset
by
an
increase
in
interest
bearing
deposits.
Net
income
reflects
increased
personnel
and
ESOP
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Amer, 74 Chairman | -- | Gordon Clark, 58 Pres,
CEO, Director | $144K | Marguerite Wolf, 73 Vice
Chairman | -- | Dale Douglas, 58 Sr.
VP | -- | Kathleen Trumpler, 62 Treasurer | -- | Dollar
amounts are as of 30-June-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
|
|