| Business Summary | | Independent
Community
Bankshares,
Inc.,
incorporated
in
1993,
is
a
bank
holding
company
that,
through
its
subsidiaries,
offers
a
wide
range
of
banking,
fiduciary
and
investment
management
services,
available
to
both
individuals
and
small
businesses.
The
Company
owns
all
of
the
stock
of
its
subsidiaries,
The
Middleburg
Bank
(the
Bank)
and
The
Tredegar
Trust
Company.
The
Bank's
services
include
various
types
of
checking
and
savings
deposit
accounts,
and
the
making
of
business,
real
estate,
development,
mortgage,
home
equity,
automobile
and
other
installment,
demand
and
term
loans.
In
addition,
the
Bank
offers
ATMs
at
all
locations,
Internet
banking,
travelers'
checks,
money
orders,
safe
deposit
rentals,
collections,
notary
public,
wire
services
and
other
traditional
bank
services
to
its
customers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ICBX
is
a
bank
holding
company
for
Middleburg
Bank,
serving
Loudoun
and
Fauquier
Counties,
VA.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
18%
to
$10.7
million.
Net
interest
income
after
loan
loss
prov.
rose
12%
to
$6.4
million.
Net
income
rose
15%
to
$2.5
million.
Net
interest
income
reflects
the
growth
of
earning
assets,
partially
offset
by
increased
interest
expenses
paid
on
deposits.
Earnings
benefitted
from
the
gain
on
the
sale
of
securities. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Joseph Boling, 56 Chairman,
Pres, CEO | $260K | Alice Frazier, 36 Sr.
VP, CFO | 121K | William Doyle, Jr., 48 Sr.
VP, Mortgageand Retail Services | 157K | Arch Moore III, 49 Sr.
VP and Sr. Lender | 135K | 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
|
|