| Business Summary | | Midland
Capital
Holdings
Corporation
(the
Company)
was
organized
by
Midland
Federal
Savings
and
Loan
Association
(the
Association)
for
the
purpose
of
becoming
a
thrift
institution
holding
company.
On
July
23,
1998,
the
Association
became
a
wholly
owned
subsidiary
of
the
Company
through
a
stock
conversion.
The
Association
is
principally
engaged
in
the
business
of
attracting
deposits
from
the
general
public
and
using
them
to
originate
residential
mortgage
and,
to
a
lesser
extent,
consumer,
multi-family
and
other
loans
in
its
primary
market
area.
The
Association
has
also
made
substantial
investments
in
mortgage-backed
securities,
investment
securities
and
liquid
assets.
The
Association's
primary
market
area
consists
of
southwest
Chicago
and
the
southwest
suburban
communities
of
Bridgeview,
Oak
Lawn,
Palos
Hills,
Hickory
Hills,
Burbank,
Chicago
Ridge,
Lockport,
Orland
Park
and
Lemont,
which
it
serves
through
its
main
office
in
Bridgeview
and
three
branch
offices
in
southwest
Chicago. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MCPH
is
a
bank
holding
company
for
Midland
Federal
Savings
and
Loan
Association.
For
the
nine
months
ended
3/31/01,
total
interest
income
rose
8%
to
$6.8
million.
Net
interest
income
after
LLP
rose
8%
to
$2.8
million.
Net
income
rose
20%
to
$272
thousand.
Net
interest
income
reflects
increased
average
balances
of
interest
earning
assets.
Net
income
reflects
increased
commission
fees
and
decreased
advertising
expenses. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
2,182;
after
tax
earnings
were
107. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Paul Zogas, 45 Chairman,
Pres, CEO | $168K | Charles Zogas, 46 COO,
Exec. VP, Sec., Treasurer, Director | -- | Richard Taylor, 50 VP
- Lending, Director | -- | 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
|
|