| Business Summary | | FirstFed
Bancorp,
Inc.
is
the
bank
holding
company
for
First
Federal
Savings
Bank,
a
federally
chartered
savings
bank,
and
First
State
Bank
of
Bibb
County,
an
Alabama
state-chartered
commercial
bank
(collectively,
the
Banks).
The
Company's
assets
consist
primarily
of
its
investment
in
the
Banks
and
liquid
investments.
The
Company
engages
in
no
significant
activity
except
through
the
Banks'
operations.
At
December
31,
2000,
the
Company
approximately
had
total
assets
of
$157.2
million,
total
deposits
of
$136.4
million
and
stockholders'
equity
of
$20.2
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FirstFed
Bancorp,
Inc.
is
a
bank
holding
company
for
for
First
Federal
Savings
Bank
and
First
State
Bank
of
Bibb
County.
FFDB
attracts
deposits
and
invests
in
1-to-4
family
residential
mortgage
loans.
For
the
six
months
ended
6/01,
interest
income
rose
6%
to
$6.9
million.
Net
interest
income
after
loan
loss
prov.
fell
1%
to
$3.4
million.
Net
income
fell
19%
to
$667
thousand.
Results
reflect
increased
average
asset
yield
and
lower
interest
margin,
offset
by
higher
employee
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| B. Goodwin, III, 48 Chairman,
Pres, CEO of the Company and First Federal; Chairman, Pres, CEO of First State | $243K | Lynn Joyce, 37 CFO,
VP, Sec., and Treasurer of the Company and First Federal | 105K | C. Larry Seale, 64 Exec.
VP of the Company and First Federal | 127K | 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
|
|