| Business Summary | | First
Federal
Bancshares,
Inc.
serves
as
the
holding
company
for
First
Federal
Bank
(First
Federal).
First
Federal
operates
as
a
community-oriented
financial
institution,
specializing
in
the
acceptance
of
retail
deposits
from
the
general
public
in
the
areas
surrounding
its
six
full-service
banking
offices.
It
uses
these
funds,
together
with
funds
generated
from
operations
and
borrowings,
to
originate
loans.
The
principal
lending
activity
of
First
Federal
is
the
origination
of
mortgage
loans
for
the
purpose
of
purchasing
or
refinancing
one-
to
four-family
residential
property.
First
Federal
also
originates
multi-family
and
commercial
real
estate
loans,
residential
construction
loans,
commercial
business
loans,
a
variety
of
consumer
loans
and
loans
primarily
for
long-term
investment
purposes.
First
Federal
invests
in
mortgage-backed
securities,
securities
issued
by
the
United
States
Government
and
state
and
local
governments
and
other
permissible
investments. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | First
Federal
Bancshares
is
a
bank
holding
company
for
First
Federal
Bank,
a
federally
chartered
bank
with
six
offices
in
Illinois.
For
the
comparable
six
months
ended
6/30/01,
total
interest
income
rose
12%
to
$8.1
million.
Net
interest
income
after
loan
loss
provision
rose
33%
to
$3.4
million.
Net
income
rose
38%
to
$1.1
million.
Results
reflect
increased
average
loan
balances,
a
lower
provision
for
loan
losses
and
increased
other
fee
income. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Gerald Prunty, 72 Chairman | -- | James Stebor, 51 Pres,
CEO, Director | $113K | Millie Shields, 41 Sr.
VP | -- | Mark Tyrpin, 35 VP-
Head of the Commercial Loan Department | -- | Cathy Pendell, 41 Treasurer | -- | Dollar
amounts are as of 28-Feb-2001 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
|
|