| Business Summary | | GA
Financial,
Inc.
is
a
savings
and
loan
holding
company
and
the
parent
of
Great
American
Federal
(the
Association)
and
New
Eagle
Capital
Inc.
The
Association
is
a
federally
chartered
savings
and
loan
association
and
is
wholly
owned
by
the
Company.
The
Association's
principal
business
is
to
operate
a
customer-oriented
savings
and
loan
association.
The
Association
attracts
retail
deposits
from
the
general
public
in
its
primary
market
area
and
invests
those
funds
primarily
in
fixed-rate
one-
to
four-family
owner-occupied
mortgage
loans,
consumer
loans
and
investment,
mortgage-backed
and
mortgage-related
securities.
Its
primary
market
area
is
the
area
surrounding
its
branch
offices
while
its
lending
activities
include
areas
throughout
Allegheny,
Beaver,
Butler,
Fayette,
Washington
and
Westmoreland
Counties,
Pennsylvania. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | GAF
is
a
savings
and
loan
holding
company
for
Great
American
Federal
Savings
and
Loan
Association.
For
the
six
months
ended
6/30/01,
interest
income
fell
less
than
1%
to
$29.3
million.
Net
interest
income
after
loan
loss
provision
rose
less
than
1%
to
$11.3
million.
Net
income
decreased
14%
to
$3
million.
Net
interest
income
reflects
decreased
mortgage
related
activities,
offset
by
lower
interest
cost
on
borrowings.
Earnings
suffered
from
higher
compensation
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Kish, 55 Chairman,
CEO of the Company and the Association. | $259K | Raymond Suchta, 52 CFO
and Treasurer of the Company and VP and Chief Financial Officer | 155K | Todd Cover, 40 Exec.
VP and COO of the Association | 268K | 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
|
|