Neffs Bancorp Inc (PK:NEFB)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 5629 Route 873 NEFFS PA 18065-7700 |
| Tel: | N/A |
| Website: | https://www.neffsnatl.com/neffs-bancorp-inc |
| IR: | See website |
| Key People | ||
| John J. Remaley President, Chief Executive Officer, Director; Chairman of the Board of the Bank | Michael J. Bailey Executive Vice President, Cashier; Chief Operations Officer of the Bank | Kevin A. Schmidt Vice President, Director; President and Chief Executive Officer of the Bank | David C. Matulevich Treasurer, Secretary |
| Business Overview |
| Neffs Bancorp, Inc. is a bank holding company of The Neffs National Bank (the Bank). The Bank provides a full range of financial services to individuals, small businesses, and corporate customers. The Bank operates from two locations in Lehigh County and Northampton County, Pennsylvania. It is engaged in providing residential mortgages, consumer loans and commercial loans to customers located within the Lehigh Valley of Pennsylvania. Its primary deposits are checking accounts, savings accounts, and certificates of deposit. Its personal banking products and services include consumer credit, student loans, credit cards, Neffs online banking, checking accounts, money market demand accounts, free savings and club accounts, young savers & young adult savers and certificates of deposit/individual retirement account (IRAS). Its commercial loans include commercial credit, NetTeller online banking, remote deposit capture, business checking accounts, money market demand accounts and others. |
| Financial Overview |
| For the fiscal year ended 31 December 2015, Neffs Bancorp Inc interest income increased 2% to $12.7M. Net interest income after loan loss provision increased 6% to $9.9M. Net income applicable to common stockholders increased 8% to $4.3M. Net interest income after loan loss provision reflects Taxable increase of 4% to $3.6M, Interest and fees on loans increase of 2% to $7.4M. |
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