| Business Summary | | Redwood
Empire
Bancorp
is
a
bank
holding
company
that
operates
in
Northern
California
through
one
principal
subsidiary,
National
Bank
of
the
Redwoods
(NBR),
a
national
bank.
The
Company's
activities
involve
two
principal
businesses
that
are
conducted
through
NBR:
community
banking
and
merchant
card
services.
NBR
provides
its
core
community
banking
services
through
five
retail
branches
located
in
Sonoma
County,
California,
one
retail
branch
located
in
Mendocino
County,
California,
and
one
retail
branch
located
in
Lake
County,
California.
NBR
generally
extends
commercial
loans
to
professionals
and
businesses
with
annual
revenues
of
less
than
$20
million.
The
Company
provides
Visa
and
Mastercard
credit
card
processing
and
settlement
services
for
approximately
49,000
merchants
located
throughout
the
United
States. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Redwood
Empire
Bancorp
is
a
bank
holding
company
for
the
National
Bank
of
The
Redwoods.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
3%
to
$17.5
million.
Net
interest
income
after
LLP
rose
1%
to
$10.1
million.
Net
income
rose
17%
to
$3.6
million.
Net
interest
income
reflects
increased
earning
assets,
partially
offset
by
higher
cost
of
funds.
Earnings
reflect
a
decrease
in
non-interest
expense
due
to
an
improvement
in
the
efficiency
ratio. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Gregory Smith, 50 Chairman | -- | Patrick Kilkenny, 54 CEO,
Pres, Director | $352K | James Beckwith, 43 Exec.
VP, CFO, Chief Operating Officer | 249K | Dollar amounts are as of 31-Dec-2000 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
|
|