| Business Summary | | Catawba
Valley
Bancshares,
Inc.
is
the
holding
company
of
CatawbaValley
Bank
(the
Bank),
a
state-chartered
bank
engaged
in
general
banking
business
in
North
Carolina's
Hickory
City,
as
well
as
portions
of
the
four
counties
Catawba,
Burke,
Caldwell
and
Alexander.
The
Bank's
operations
are
primarily
retail-oriented
and
aimed
at
individuals
and
small
to
mid-sized
businesses
located
in
its
market
area.
The
Bank
provides
most
traditional
commercial
and
consumer
banking
services,
including
personal
and
commercial
checking
and
savings
accounts,
money
market
accounts,
certificates
of
deposit,
individual
retirement
accounts,
and
related
business
and
individual
banking
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Catawba
Valley
Bancshares
is
a
bank
holding
company
for
Catawba
Valley
Bank,
a
state
chartered
bank
in
NC.
For
the
six
months
ended
6/01,
interest
income
rose
22%
to
$6.6
million.
Net
interest
income
after
loan
loss
provision
rose
10%
to
$2.6
million.
Net
income
rose
29%
to
$907
thousand.
Net
interest
income
reflects
an
increase
in
interest
earning
assets
partially
offset
by
higher
borrowing
costs.
Net
income
reflects
fee
income
received
on
mortgage
loan
originations. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| W. Ikerd, 61 Chairman | -- | R. Steve Aaron, 54 Pres,
CEO, Director | $152K | Carole Teague, 42 VP/Retail
Services Catawba Valley Bank | -- | Joe Tripp, 54 VP/Lending | -- | 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
|
|