FPB Financial Corp. (FPBF.PK)

FPB Financial Corp. operates as the holding company for Florida Parishes Bank (bank), which principally engages in generating deposits and originating loans in Tangipahoa Parish, southeast Louisiana. It offers various deposit accounts, including passbook accounts, money market accounts, NOW accounts, and noninterest-bearing deposits. The bank’s loan portfolio includes one- to four-family residential real estate loans; construction loans; commercial real estate loan; land loans; and consumer loans, including short-term loans secured by one- to four-family residences and loans secured by deposit accounts, second mortgages, automobile loans, unsecured loans, and other loans. It invests in the United States treasury obligations, securities of various federal agencies, and securities of state and municipal governments, certificates of deposit, bankers' acceptances, federal funds, and common stock. It also serves customers in the adjacent parishes of Livingston and St. Tammany. FPB Financial Corp. was organized in 1999 and is based in Hammond, Louisiana.

FPB Financial Corp., a Louisiana corporation, is the parent holding company for Florida Parishes Bank, a federally chartered stock savings bank. For the 9 months ended 9/30/02, total interest income rose 1% to $3.5M. Net interest income after loan loss prov. rose 18% to $1.6M. Net income rose 40% to $364K. Results reflect increased loan portfolio, lower interest on deposits and increased service charges on deposits.