| Business Summary | | First
Defiance
Financial
Corp.
is
a
unitary
thrift
holding
company
that,
through
its
subsidiaries
focuses
on
traditional
banking,
mortgage
banking,
and
property
and
casualty,
life
and
group
health
insurance
products.
The
Company's
traditional
banking
activities
include
originating
and
servicing
residential,
commercial,
and
consumer
loans
and
providing
a
broad
range
of
depository
services.
The
Company's
mortgage
banking
activities
consist
primarily
of
purchasing
and
selling
residential
mortgage
loans,
originating
residential
mortgages,
and
servicing
residential
mortgage
portfolios
for
investors.
The
Company's
insurance
activities
consist
primarily
of
commissions
relating
to
the
sale
of
property
and
casualty,
life
and
group
health
insurance
and
investment
products.
At
December
31,
2000,
the
Company
had
consolidated
assets
of
$1.1
billion
and
consolidated
deposits
of
$545.9
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FDEF
is
a
unitary
thrift
holding
company
for
First
Federal
Bank
of
the
Midwest,
The
Leader
Mortgage
Company
and
First
Insurance
and
Investments.
For
the
three
months
ended
3/01,
interest
income
rose
4%
to
$16.4
million.
Net
interest
income
after
LLP
fell
5%
to
$4.5
million.
Net
income
rose
39%
to
$3.1
million.
Net
interest
income
reflects
an
increase
in
average
balances
in
mortgage
servicing
rights,
offset
by
lower
net
interest
margins.
Net
income
reflects
higher
mortgage
banking
income. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
16,294;
after
tax
earnings
were
2,586. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Small, 50 Chairman,
Pres and CEO | $295K | Don Van Brackel, 62 Vice
Chairman | -- | John Wahl, 40 Exec.
VP, CFO, Treasurer and Controller | 182K | James Rohrs, 53 Exec.
VP | 182K | Sheldon Brodsky, 58 Pres
and CEO | 430K | Dollar amounts are as of 31-Dec-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
|
|