| Business Summary | | Second
Bancorp,
Incorporated
is
a
one-bank
holding
company
that
owns
the
Second
National
Bank
of
Warren,
a
commercial
bank,
which
through
35
branches
and
one
loan
production
office,
offers
a
wide
range
of
commercial
and
consumer
banking
and
trust
services
primarily
to
business
and
individual
customers
in
various
communities
in
a
nine
county
area
in
northeastern
Ohio.
As
of
December
31,
2000,
Second
Bancorp
had
consolidated
total
assets
of
$1.55
billion
and
deposits
of
$1.4
billion.
Second
National
focuses
its
marketing
efforts
primarily
on
local
independent
commercial
and
professional
firms,
the
individuals
who
are
the
owners
and
principals
of
such
firms,
as
well
as
the
low-to-moderate
to
upper
income
retail
customers
in
Second
National's
trade
areas.
In
recent
years,
Second
Bancorp
has
emphasized
increased
commercial,
direct
consumer
and
real
estate
lending
as
well
as
market
area
expansion. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SECD
is
a
bank
holding
company
for
The
Second
National
Bank
of
Warren.
The
bank
operates
35
branches
and
one
loan
production
office.
For
the
six
months
ended
6/01,
interest
income
rose
less
than
1%
to
$56.9
million.
Net
interest
income
after
LLP
fell
7%
to
$22.1
million.
Net
income
before
acct.
change
rose
10%
to
$8.4
million.
Net
interest
income
reflects
an
increase
in
average
earning
assets,
offset
by
higher
deposits.
Earnings
reflect
an
increase
in
service
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Rick Blossom, 53 Chairman,
Pres, CEO | $822K | Diane Bastic, 57 Exec.
VP | 150K | John Falatok, 43 Exec.
VP | -- | Christopher Stanitz, 52 Exec.
VP | 161K | David Kellerman, 43 Treasurer | 185K | 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
|
|