| Business Summary | | Hemlock
Federal
Financial
Corporation
is
the
holding
company
of
Hemlock
Federal
Bank
for
Savings
(Hemlock
Federal),
a
federally
chartered
stock
savings
bank.
Hemlock
Federal
is
a
community-oriented
financial
institution,
whose
business
involves
attracting
deposits
from
the
general
public
and
using
such
deposits,
together
with
other
funds,
to
originate
primarily
one-
to
four-family
residential
mortgages
and,
to
a
lesser
extent,
multi-family,
consumer
and
other
loans
primarily
in
its
market
area.
Hemlock
Federal
also
invests
in
mortgage-backed
and
other
securities
and
other
permissible
investments.
Hemlock
Federal
serves
the
financial
needs
of
communities
in
its
market
area
through
its
main
office
located
in
Oak
Forest,
Illinois,
and
its
five
branch
offices
located
in
Oak
Lawn,
Bolingbrook,
Lemont
and
Chicago.
As
of
December
31,
2000,
Hemlock
Federal
had
total
assets
of
$276.7
million,
deposits
of
$179.4
million
and
equity
of
$19.1
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Hemlock
Federal
Financial
is
a
holding
company
for
Hemlock
Federal
Bank
for
Savings,
a
federally-chartered
stock
savings
bank
in
Oak
Forest,
IL.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
17%
to
$9.3
million.
Net
interest
income
after
loan
loss
provision
rose
7%
to
$3.9
million.
Net
income
rose
15%
to
$977
thousand.
Results
reflect
increased
earning
asset
balances,
increased
service
charges
on
deposit
accounts
and
higher
net
securities
gains. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Maureen Partynski, 41 Chairman
and CEO | $203K | Michael Stevens, 41 Pres,
Director | 228K | Jean Thornton, 40 VP,
Controller, Treasurer | -- | Rosanne Belczak, 40 VP,
Sec., Director | -- | 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
|
|