| Business Summary | | First
Keystone
Financial,
Inc.
is
the
sole
shareholder
of
First
Keystone
Federal
Savings
Bank
(the
Bank),
which
is
primarily
engaged
in
attracting
deposits
from
the
general
public
and
investing
those
funds,
together
with
other
available
sources
of
funds,
primarily
borrowings,
to
originate
loans.
The
Bank
is
a
traditional,
community-oriented
federal
savings
bank,
emphasizing
customer
service
and
convenience.
A
substantial
portion
of
the
Bank's
deposits
are
comprised
of
core
deposits,
consisting
of
passbook,
money
market
(MMDA),
NOW
and
non-interest-bearing
accounts.
First
Keystone
originates
residential
first
mortgage
loans
for
resale
into
the
secondary
market,
while
retaining
for
its
portfolio
adjustable-
and
fixed-rate
mortgage
loans
that
complement
the
Bank's
asset/liability
strategies. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | First
Keystone
Financial
is
a
holding
company
for
First
Keystone
Federal
Savings
Bank.
For
the
nine
months
ended
6/30/01,
total
interest
income
rose
4%
to
$24
million.
Net
interest
income
after
loan
loss
provision
fell
4%
to
$8.3
million.
Net
income
fell
18%
to
$1.9
million.
Net
interest
income
reflects
an
increase
in
interest
earning
assets.
Earnings
were
offset
by
an
increase
in
salaries
and
employee
benefit
and
occupancy
and
equipment
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Donald Guthrie, 65 Pres,
CEO, Director of the Company and the Bank | $297K | Thomas Kelly, 74 Exec.
VP, CFO | 200K | Elizabeth Mulcahy, 43 Sr.
VP of HR | -- | Stephen Henderson, 43 Sr.
VP and CLO | 120K | Carol Walsh, 43 Sec. | -- | 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
|
|