Alamogordo Financial Corp. Reports Financial Results; Declares Dividend.Business Editors ALAMOGORDO, N.M.--(BUSINESS WIRE)--April 17, 2002 R. Miles Ledgerwood, president and chief executive officer of Alamogordo Financial Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: ALMG ALMG Academia de Lenguas Mayas de Guatemala (Academy of Mayan Languages of Guatemala) ) Wednesday announced that the company has declared a cash dividend of $0.17 per share of the company's common stock for the fiscal quarter ended March 31, 2002. The dividend will be payable to stockholders of record as of May 1, 2002, and will be paid on May 15, 2002. Alamogordo Financial Corp. is the parent corporation for Alamogordo Federal Savings and Loan Association Federal Savings and Loan Association An institution chartered by the federal government whose primary function is to collect savings deposits and to provide mortgage loans. , a federally chartered savings association headquartered in Alamogordo. The association's deposits are insured by the Federal Deposit Insurance Corp. The company reported net income of $239,864 for the three months ended March 31, 2002. At March 31, 2002, the company had total assets of $157.7 million, total deposits of $129.4 million, and total stockholders' equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. of $27.2 million. |
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