| Business Summary | | Glacier
Bancorp,
Inc.
is
the
holding
company
of
Glacier
Bank,
FSB
(Glacier).
In
addition
to
Glacier,
at
December
31,
2000,
the
Company
was
also
the
parent
holding
company
of
Glacier
Bank
of
Eureka,
Glacier
Bank
of
Whitefish,
First
Security
Bank
of
Missoula,
Valley
Bank
of
Helena,
Big
Sky
Western
Bank,
Mountain
West
Bank
in
Idaho,
and
Community
First,
Inc.
The
business
of
the
Company's
subsidiaries
consists
primarily
of
attracting
deposit
accounts
from
the
general
public
and
originating
commercial,
residential,
installment
and
other
loans.
The
Banks'
principal
sources
of
income
are
interest
on
loans,
loan
origination
fees,
fees
on
deposit
accounts
and
interest
and
dividends
on
investment
securities.
The
principal
expenses
are
interest
on
deposits,
FHLB
advances,
and
repurchase
agreements,
as
well
as
general
and
administrative
expenses. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Glacier
Bancorp,
Inc.
is
a
multibank
holding
company
for
Glacier
Bank,
FSB
and
seven
other
subsidiaries.
For
the
six
months
ended
6/30/01,
interest
income
rose
74%
to
$65.1
million.
Net
interest
income
after
loan
loss
provision
rose
57%
to
$29.9
million.
Net
income
rose
48%
to
$9.5
million.
Net
interest
income
after
LLP
reflects
an
increase
in
loans
due
to
acquisitions.
Net
income
was
partially
offset
by
$886
thousand
in
merger
costs
and
higher
personnel,
occupancy
and
equipment
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| John MacMillan, 63 Chairman | -- | Michael Blodnick, 47 Pres,
CEO | $232K | James Strosahl, 58 Exec.
VP, CFO, Sec. and Treasurer | 159K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|