| Business Summary | | DutchFork
Bancshares,
Inc.
is
the
holding
company
for
Newberry
Federal
Savings
Bank.
Newberry
Federal
is
headquartered
in
Newberry,
South
Carolina,
and
has
three
banking
offices
located
in
Newberry
County
and
one
banking
office
located
in
northwest
Lexington
County.
The
Bank
is
a
traditional
savings
bank,
specializing
in
the
acceptance
of
retail
deposits
from
the
general
public
in
the
areas
surrounding
its
four
full-service
offices
and
using
those
funds,
together
with
funds
from
operations,
the
conversion
and
borrowings,
to
originate
residential
mortgage
loans
and
consumer
loan
and,
to
a
lesser
extent,
construction,
land
and
commercial
business
loans.
In
addition,
the
Bank
invests
significant
funds
in
mortgage-backed
securities
including
collateralized
mortgage
obligations.
As
of
September
30,
2000,
the
Company
had
total
assets
of
$224.07
million,
total
deposits
of
$147.73
million,
and
total
stockholders'
equity
of
$31.30
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | DFBS
is
the
holding
company
for
Newberry
Federal
Savings
Bank
serving
customers
through
four
branches
in
central
South
Carolina.
For
the
nine
months
ended
6/30/01,
total
interest
income
rose
4%
to
$11.9
million.
Net
interest
income
after
LLP
rose
13%
to
$5
million.
Net
income
rose
from
$961
thousand
to
$2.9
million.
Results
reflect
higher
securities
interest
and
a
lower
loan
loss
provision.
Earnings
also
reflect
higher
securities
gains
and
a
$1.8
million
gain
on
the
Chapin
branch
sale. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| J. Thomas Johnson, 54 Chairman,
CEO, Pres | $291K | Robert Owen, 74 Vice
Chairman | -- | Steve Sligh, 51 CFO,
Exec. VP, Treasurer, Director | 244K | Robert Livingston, III, 59 Sec.,
Director | -- | Dollar amounts are as of 30-Sep-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
|
|