First Community Financial - FCFN- Profile

First Community Financial Corporation. The Company is a one bank holding company for Community Savings Bank and its wholly owned subsidiary, Community Financial Services. The company completed the conversion from a state chartered mutual savings bank to a state chartered stock savings bank in 1999. The services provided by the company include attracting deposits from the general public and using such deposits to provide first mortgage loans for the purchase of real estate and commercial loans. Other services provided by the company include refinancing of loans secured by real estate. The company has two full service branches in Burlington, one full service branch in Graham and a loan origination office in Burlington, North Carolina. The bank became publicly held in June 1999. Interest and fees on loans accounted for 74% of 2000 revenues; other interest income, 22% and non-interest income, 4%. Accepts deposits from the general public & uses such funds to provide loans through 5 branches in North Carolina