| Business Summary | | Pamrapo
Bancorp,
Inc.
is
a
savings
and
loan
holding
company
of
Pamrapo
Savings
Bank,
S.L.A.
(the
Bank).
The
Bank
is
principally
engaged
in
attracting
retail
deposits
from
the
general
public
and
investing
those
funds
in
fixed-rate
one-
to
four-family
residential
mortgage
loans
and,
to
a
lesser
extent,
in
multi-family
residential
mortgage
loans,
commercial
real
estate
loans,
home
equity
and
second
mortgage
loans,
consumer
loans
and
mortgage-backed
securities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PBCI,
a
holding
company
for
Pamrapo
Savings
Bank,
is
a
NJ
chartered
stock
savings
association
that
operates
in
Bayonne,
Hoboken,
Fort
Lee,
Brick
and
Jamesburg,
NJ.
For
the
six
months
ended
6/01,
interest
income
rose
9%
to
$17.7
million.
Net
interest
income
after
loan
provision
fell
2%
to
$8.6
million.
Net
income
fell
5%
to
$2.1
million.
Net
interest
income
reflects
increased
loan
income
offset
by
a
lower
net
interest
spread.
Net
income
reflects
increased
occupancy
and
equipment
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Daniel Massarelli, 69 Chairman
of the Company and the Bank | -- | William Campbell, 63 Pres,
CEO | $336K | Gary Thomas, 52 CFO,
VP, Treasurer | 152K | Robert Hughes, 62 VP
of the Company and Bank | 141K | 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
|
|