| Business Summary | | Citizens
First
Bancorp,
Inc.
is
the
holding
company
of
Citizens
First
Saving
Bank
(Citizens
First).
The
Company
was
formed
on
March
7,
2001
upon
completion
of
the
conversion
from
the
mutual
to
stock
form
of
ownership
of
Citizens
First.
Citizens
First
operates
as
a
community-oriented
financial
institution,
specializing
in
the
acceptance
of
retail
deposits
from
the
general
public
in
the
areas
surrounding
its
14
full-service
banking
offices,
and
using
those
funds,
together
with
funds
generated
from
operations
and
borrowings,
to
originate
loans.
The
principal
lending
activity
of
Citizens
First
is
the
origination
of
mortgage
loans
for
the
purpose
of
purchasing
or
refinancing
one-
to
four-family
residential
property.
Citizens
First
also
originates
commercial
real
estate
loans,
construction
loans,
commercial
loans,
automobile
loans,
home
equity
loans
and
lines
of
credit
and
a
variety
of
consumer
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Citizens
First
Bancorp,
Inc.,
is
the
holding
company
of
Citizens
First
Saving
Bank.
For
the
three
months
ended
6/30/01,
interest
income
rose
21%
to
$17
million.
Net
interest
income
after
provision
for
loan
losses
rose
32%
to
$8.4
million.
Net
income
rose
30%
to
$2.7
million.
Net
interest
income
reflects
higher
interest
earning
assets
and
decreased
interest
paid
on
deposits.
Earnings
were
partially
offset
by
higher
compensation
expenses
and
increased
consulting
fees. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Marshall Campbell, 50 Chairman | -- | Larry Moeller, Sr., 56 Pres,
CEO, Director | $415K | Timothy Regan, 39 Sr.
VP, Sec., Controller, Director | 123K | J. Stephen Armstrong, 49 Sr.
VP, Commercial Banking | 107K | Randy Cutler, 45 Sr.
VP, Retail Banking and Branch Operations | 124K | Dollar
amounts are as of 31-Mar-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
|
|