| Business Summary | | Independence
Federal
Savings
Bank
is
a
federally
chartered
stock
savings
bank
located
in
Washington,
D.C.
The
Bank
is
primarily
engaged
in
first
mortgage
and
student
lending
programs. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | IFSB
is
a
federally
chartered
stock
savings
bank
located
in
Washington
D.C.,
primarily
engaged
in
first
mortgage
and
student
lending
programs.
For
the
nine
months
ended
9/00,
interest
income
rose
5%
to
$14
million.
Net
interest
income
after
loan
loss
prov.
remained
flat
at
$4.7
million.
Net
income
rose
22%
to
$1.1
million.
Net
interest
income
reflects
growth
in
student
loans,
partially
offset
by
increased
interest
costs.
Earnings
reflect
securities
gains. Recent Earnings Announcement For
the
3
months
ended
12/31/2000,
after
tax
earnings
were
66. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | |
| Position | William Fitzgerald, IV | Chairman | Donna Shuler | Pres,
CEO, Director | Kathleen Kearney | CFO | Aradyne Ardister | VP | Elgin Jenkins | Treasurer |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|