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Great American Bancorp Inc (PK:GTPS)

Business Focus: Banks

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 1311 South Neil Street
CHAMPAIGN IL 61820
Tel: N/A
Website: https://www.greatamericanbancorp.com
IR: See website
Key People
Ronald E. Guenther
Chairman of the Board
George R. Rouse
President, Chief Executive Officer, Director
Patrick J. Mcwilliams
Chief Financial Officer, Treasurer, Company Secretary
Business Overview
Great American Bancorp, Inc. is a thrift holding company. The Company's principal activity is the ownership and management of its wholly owned subsidiary, First Federal Savings Bank of Champaign-Urbana (the Bank). The Bank is primarily engaged in providing a full range of banking and financial services to individual and corporate customers in Champaign County, Illinois. The Bank also provides full-service brokerage activities through a third-party broker-dealer and engages in the sale of tax-deferred annuities. The Bank's subsidiary, Park Avenue Service Corporation (PASC), offers insurance services to customers located primarily in Illinois. GTPS Insurance Agency, a division of PASC, sells a variety of insurance products to both individuals and businesses, including life, health, auto, property and casualty insurance. It grants mortgage, commercial and consumer loans to customers. The Bank operates through two full-service offices located in Champaign and Urbana, Illinois.
Financial Overview
For the three months ended 31 March 2024, Great American Bancorp Inc interest income increased 31% to $2.5M. Net interest income after loan loss provision increased 29% to $2.5M. Net income increased 74% to $923K. Net interest income after loan loss provision reflects Net Interest Margin, Total - % increase of 47% to 5.49%, Deposits with financial institutions and increase from $303K to $644K.