| Business Summary | | Algiers
Bancorp,
Inc.
is
the
holding
company
for
Algiers
Bank
and
Trust
(the
Bank),
a
state-chartered
stock
savings
and
loan
association.
The
Bank
currently
conducts
business
from
its
main
office
in
New
Orleans,
Louisiana,
a
branch
office
in
Terrytown,
Louisiana,
and
a
third
branch
in
New
Orleans,
Louisiana.
The
Bank
is
primarily
engaged
in
attracting
deposits
from
the
general
public
through
its
branches
and
using
those
and
other
available
sources
of
funds
to
originate
loans
throughout
the
Greater
New
Orleans,
Louisiana
metropolitan
area.
The
Bank
originates
commercial,
construction,
home
improvement,
consumer
and
one-to-four
family
residential
mortgage
loans.
The
Bank
sells
the
majority
of
its
fixed-rate
residential
mortgage
loans
in
the
secondary
market.
At
December
31,
2000,
the
Company
had
$48.9
million
of
total
assets,
total
deposits
of
$38.7
million,
and
total
stockholders'
equity
of
$7.0
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Algiers
Bancorp,
Inc.
is
the
holding
company
for
Algiers
Bank
and
Trust.
For
the
three
months
ended
3/31/01,
total
interest
income
rose
21%
to
$843
thousand.
Net
interest
income
after
loan
loss
provision
rose
30%
to
$285
thousand.
Net
loss
rose
26%
to
$134
thousand.
Net
interest
income
after
LLP
reflects
an
increase
in
the
average
yield
on
interest
earning
assets
and
an
increase
in
loans
and
interest
bearing
deposits.
Higher
losses
reflect
higher
compensation
and
benefits
expenses. | More
from
Market Guide: Significant
Developments |
| | | Hugh
E. Humphrey,
Chmn./Pres./CEO Francis
M. Minor,
CFO. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|