Stocks to Watch ? Pulaski Financial Corp. (PULB) |

Stocks to Watch ? Pulaski Financial Corp. (NASDAQ: PULB)

Pulaski Financial Corp. serves as the holding company of Pulaski Bank (the Bank). Its primary assets are focused in its investment in the Bank and cash. It also maintains two-special purpose subsidiaries which issue preferred securities. On the other hand, the Bank provides several financial products and services for businesses and retail customers via its 12 full-service offices in the St. Louis metropolitan area and six loan production offices in the St. Louis and Kansas City metropolitan areas.

The Bank is involved mainly in the attraction of deposits from individuals and businesses. Pulaski Bank uses these deposits, together with borrowed funds, to originate the following:

• One- to four-family residential mortgage loans
• Residential construction loans
• Home equity lines of credit
• Multi-family and commercial real estate
• Commercial and industrial

Lending Activities

The Company is a direct endorsement lender with the Federal Housing Administration (FHA). It provides several adjustable-rate mortgage (ARM) loans. These loans may be sold in the secondary market or originated for portfolio investment. The Company also creates real estate construction and development loans that consist of one-to-four family residential construction loans made to retail mortgage customers and builders, loans for the development of land to be used for residential or commercial real estate construction, and loans for the construction of multi-family and commercial properties.

It is mainly involved in commercial real estate lending, through direct originations. Its commercial real estate loans are usually prime-based, floating-rate loans, or short-term (one to five year), fixed-rate loans. These are secured by property, such as inventory, equipment, finished goods and accounts receivable.

Investment Activities

The Bank primarily invests in different types of liquid assets such as the United States Treasury obligations, securities of various federal agencies and state and municipal governments, deposits at the Federal Home Loan Bank (FHLB) of Des Moines, certificates of deposit of federally insured institutions, certain bankers? acceptances and federal funds.

It is involved in maintaining a portfolio of U.S. Treasury obligations and investment grade mortgage-backed securities in the form of Ginnie Mae, Freddie Mac and Fannie Mae participation certificates and collateralized mortgage obligations.

Sources of Funds

The Bank?s main sources of funds are deposits (including brokered deposits), loan repayments, loan sales, FHLB borrowings and borrowings from the Federal Reserve Bank. It offers its deposit activities to people from the St. Louis metropolitan area.

Pulaski Financial Corp. (NASDAQ: PULB) 52 week: 6.15 ? 8.05? ?Mkt cap: 90.57M?? Shares:? 11.29M

Tags: Pulaski Financial, Pulaski Financial Corp., Pulaski Financial Corporation, PULB, Stocks to watch

Source: http://www.buypennystocks.com/penny-stocks-blog/stocks-to-watch-pulaski-financial-corp-pulb

strait of hormuz new years eve party ideas mars needs moms gary johnson gary johnson stephen curry hes just not that into you