GEORGETOWN BANCORP, INC. Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations This document may contain certain forward-looking statements, such as statements of the Company's or the Bank's plans, objectives, expectations, estimates and intentions. Forward-looking statements may be identified by the use of words such as "expects", "subject", and "believe", "will", "intends", "will be" or "would". These statements are subject to change based on various important factors (some of which are beyond the Company's or the Bank's control) and actual results may differ materially. Accordingly, readers should not place undue reliance on any forward-looking statements, which reflect management's analysis of factors only as of the date of which they are given. These factors include general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, the ability of the Company or the Bank to effectively manage its growth, and results of regulatory examinations, among other factors. The foregoing list of important factors is not exclusive. Readers should carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission, including Current Reports on Form 8-K. Except as required by applicable law and regulation, the Company does not undertake - and specifically disclaims any obligation - to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. Overview The Company's results of operations depend primarily on net interest and dividend income, which is the difference between the interest and dividend income earned on its interest-earning assets...
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GEORGETOWN BANCORP, INC. Files SEC form 8-K, Change in Directors or Principal Officers

Show all filings for GEORGETOWN BANCORP, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for GEORGETOWN BANCORP, INC. 29-Oct-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational...
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Georgetown Bancorp, Inc. Reports Increased Profitability for Three Months Ended September 30, 2009

Georgetown Bancorp, Inc. Selected Financial Data         At or for the At or for the Three Months Ended Year Ended September 30, 2009 June 30, 2009 (Dollars in thousands, except share data) Selected Financial Condition Data: Total assets $ 195,195 $ 201,191 Cash and cash equivalents 6,028 11,356 Loans receivable, net 162,801 163,825 Allowance for l...
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GEORGETOWN BANCORP, INC. Financials

PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue2,957  2,890  2,862  2,712  Cost of Revenue673  721  653  563  Gross Profit2,284  2,169  2,209  2,149  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative1,546  1,566  1,416  1,405  Non Recurring -   -  (14)14  Others66  (1)96  87  Total Operating Expenses -   -   -   -  Operating Income or Loss672  604  711  643  Income from Continuing OperationsTotal Other Income/Expenses Net -   -   -   -  Earnings Before Interest And Taxes672  604  711  643  Interest Expense447  496  551  605  Income Before Tax225  108  160  38  Income Tax Expense69  33  53  26  Minority Interest -   -   -   -  Net Income From Continuing Ops156  75  107  12  Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes -   -   ...
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GEORGETOWN BANCORP, INC. Files SEC form 10-K, Annual Report

Show all filings for GEORGETOWN BANCORP, INC. | Request a Trial to NEW EDGAR Online Pro Form 10-K for GEORGETOWN BANCORP, INC. 28-Sep-2009Annual Report Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended ...
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GEORGETOWN BANCORP, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhi

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 26, 2009, the Board of Directors of Georgetown Savings Bank (the "Bank"), the wholly owned savings bank subsidiary of Georgetown Bancorp, Inc. (the "Company"), adopted individual compensation plans for certain officers of the Bank. The individual incentive plans were adopted pursuant to the Bank's Incentive Compensation Plan, which was previously disclosed as Exhibit 10.7 to the Company's Annual Report on Form 10-KSB, filed with the SEC on September 28, 2007. The individual incentive plans for Robert E. Balletto, President and Chief Executive Officer of the Bank and for Joseph W. Kennedy, Senior Vice President and Chief Financial Officer of the Bank are attached as Exhibits 10.1 and 10.2, respectively, to this Form 8-K. The incentive plans have three levels of performance, at which payments can be made. Mr. Balletto's plan provides for a target payment of $33,203, or 18% of current salary with the following performance categories: (i) achievement of annual return on assets (ROA) targets; (ii) achievement of annual efficiency ratio targets; (iii) achievement of certain specified regulatory goals. The target payment can be increased on a sliding scale for improvement in ROA performance and efficiency ratio performance. Mr. Kennedy's plan provides for a target payment of $13,871, or 11% of current salary with the following performance categories: (i) achievement of annual ROA targets; (ii) achievement of annual net interest margin percentage targets; (iii) achievement of annual total non-interest expense targets. The target payment can be increased on a sliding scale for improvement in the ROA performance, the net interest margin percentage above the maximum targets and non-interest expenses below the maximum targets. Th...
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GEORGETOWN BANCORP, INC. Files SEC form 8-K, Results of Operations and Financial Condition

Show all filings for GEORGETOWN BANCORP, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for GEORGETOWN BANCORP, INC. 11-Aug-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for information...
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GEORGETOWN BANCORP, INC. Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations This document may contain certain forward-looking statements, such as statements of the Company's or the Bank's plans, objectives, expectations, estimates and intentions. Forward-looking statements may be identified by the use of words such as "expects", "subject", and "believe", "will", "intends", "will be" or "would". These statements are subject to change based on various important factors (some of which are beyond the Company's or the Bank's control) and actual results may differ materially. Accordingly, readers should not place undue reliance on any forward-looking statements, which reflect management's analysis of factors only as of the date of which they are given. These factors include general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, the ability of the Company or the Bank to effectively manage its growth, and results of regulatory examinations, among other factors. The foregoing list of important factors is not exclusive. Readers should carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission, including Current Reports on Form 8-K. Except as required by applicable law and regulation, the Company does not undertake - and specifically disclaims any obligation - to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. Overview The Company's results of operations depend primarily on net interest and dividend income, which is the difference between the interest and dividend income earned on its interest-earning assets...
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GEORGETOWN BANCORP, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and

Show all filings for GEORGETOWN BANCORP, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for GEORGETOWN BANCORP, INC. 29-Apr-2009Results of Operations and Financial Condition, Financial Statements and Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information p...
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GEORGETOWN BANCORP, INC. Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations This document may contain certain forward-looking statements, such as statements of the Company's or the Bank's plans, objectives, expectations, estimates and intentions. Forward-looking statements may be identified by the use of words such as "expects", "subject", and "believe", "will", "intends", "will be" or "would". These statements are subject to change based on various important factors (some of which are beyond the Company's or the Bank's control) and actual results may differ materially. Accordingly, readers should not place undue reliance on any forward-looking statements, which reflect management's analysis of factors only as of the date of which they are given. These factors include general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, the ability of the Company or the Bank to effectively manage its growth, and results of regulatory examinations, among other factors. The foregoing list of important factors is not exclusive. Readers should carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission, including Current Reports on Form 8-K. Except as required by applicable law and regulation, the Company does not undertake - and specifically disclaims any obligation - to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. Overview The Company's results of operations depend primarily on net interest and dividend income, which is the difference between the interest and dividend income earned on its interest-earning assets...
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