| Business Summary | | PAB
Bankshares,
Inc.
is
a
bank
holding
company
consists
of
six
bank
subsidiaries,
as
well
as
an
investment
advisory
services
firm,
PAB
Financial
Services,
LLC.
The
Company's
six
bank
subsidiaries
consists
of
the
following:
The
Park
Avenue
Bank,
Farmers
&
Merchants
Bank,
(99.91%
owned)
First
Community
Bank
of
Southwest
Georgia,
Eagle
Bank
and
Trust,
Baxley
Federal
Bank,
and
Friendship
Community
Bank.
The
Company
focuses
on
community
banking.
Through
16
banking
offices,
the
Banks
provide
a
broad
array
of
services,
including:
loans
to
small
and
medium-sized
businesses;
residential,
construction
and
development
loans;
commercial
real
estate
loans;
Small
Business
Administration
lending;
consumer
loans;
and
a
variety
of
commercial
and
consumer
deposit
products.
Through
financial
service
agreements
with
PAB
Financial,
the
Banks
are
also
able
to
offer
a
complete
line
of
financial
and
investment
services
to
their
customers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PAB
Bankshares
is
a
bank
holding
company
that
manages
the
business
and
affairs
of
six
commercial
bank
subsidiaries.
For
the
six
months
ended
6/30/01,
interest
income
rose
19%
to
$32.8
million.
Net
interest
income
after
loan
loss
provision
fell
5%
to
$13.3
million.
Net
income
fell
15%
to
$3.5
million.
Net
interest
income
after
LLP
reflects
growth
in
interest
earning
assets,
offset
by
higher
interest
costs.
Earnings
also
reflect
increased
salaries
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| R. Bradford Burnette, 61 Chairman,
CEO | $366K | Michael Ricketson, 51 Pres,
CFO, Chief Operating Officer | 162K | William Cowart, 46 Director
and Pres and Chief Exec. Officer of The Park Avenue Bank | -- | Tracy Dixon, 58 Director
and CEO of First Community Bank of Southwest Georgia | -- | Alvin Tuten, Jr., 54 Director
and Pres and CEO of Baxley Federal Savings Bank | -- | 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
|
|