| Business Summary | | First
State
Bancorporation
is
a
bank
holding
company
that
provides
commercial
banking
services
to
businesses
through
its
subsidiary
bank,
First
State
Bank
of
Taos.
The
Company
operates
three
offices
in
Taos,
six
offices
in
Albuquerque,
two
offices
in
Santa
Fe,
and
one
office
each
in
Rio
Rancho,
Los
Lunas,
Bernalillo,
Questa,
Placitas,
Moriarty,
and
Belen,
New
Mexico.
First
State
Bank
offers
a
full
range
of
financial
services
to
commercial
and
individual
customers,
including
checking
accounts,
short-
and
medium-term
loans,
revolving
credit
facilities,
inventory
and
accounts
receivable
financing,
equipment
financing,
residential
and
small
commercial
construction
lending,
residential
mortgage
loans,
various
savings
programs,
installment
and
personal
loans,
safe
deposit
services,
and
credit
cards.
At
December
31,
2000,
the
Company
had
total
assets
and
total
deposits
of
$653
million
and
$528
million,
respectively. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | First
State
Bancorp,
NM
is
a
bank
holding
company
for
First
State
Bank
of
Taos
and
First
State
Bank
of
Santa
Fe.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
13%
to
$27.8
million.
Net
interest
income
after
loan
loss
provision
rose
11%
to
$15.8
million.
Net
income
rose
15%
to
$3.9
million.
Net
interest
income
reflects
higher
earning
asset
balances,
partially
offset
by
increased
interest
paid
on
deposits.
Earnings
benefited
from
increased
gains
on
loan
sales. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Leonard DeLayo, Jr., 52 Chairman | -- | -- | Michael Stanford, 48 Pres,
CEO of the Company and the Bank Director | $324K | $174K | Brian Reinhardt, 42 CFO,
Exec. VP | 145K | -- | H. Patrick Dee, 46 COO,
Exec. VP, Treasurer, Sec., Director; & Exec. VP and COO of the Bank | 229K | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|