| Business Summary | | Fidelity
Bankshares,
Inc.
is
the
holding
company
parent
of
Fidelity
Federal
Bank
and
Trust.
The
Company
is
primarily
engaged
in
the
business
of
attracting
deposits
from
the
general
public
in
its
market
area,
and
investing
such
deposits,
together
with
other
sources
of
funds,
in
loans
secured
by
one-
to
four-family
residential
real
estate.
In
recent
years,
the
Company
has
increased
its
commercial
real
estate
lending,
and
its
consumer
and
commercial
business
lending
activities.
Its
goal
over
the
next
several
years
is
to
continue
to
increase
the
origination
of
these
loans,
consistent
with
its
standards
of
safety
and
soundness.
To
a
lesser
extent,
the
Company
also
originates
multi-family
loans,
construction
loans
and
land
loans
for
single-family
properties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FFFL
is
bank
holding
company
for
Fidelity
Federal
Bank
and
Trust,
which
operates
34
branches
in
Florida.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
10%
to
$69.6
million.
Net
interest
income
after
loan
loss
prov.
rose
5%
to
$23.8
million.
Net
income
fell
61%
to
$1.9
million.
Net
interest
income
reflects
an
increase
in
average
loan
balances,
offset
by
higher
deposit
interest
expense.
Earnings
were
offset
by
a
$1.1
million
charge
for
the
company's
computer
upgrade. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Joseph Shearouse, Jr., 77 Chairman,
Director | -- | -- | Vince Elhilow, 61 CEO,
Pres, Director | $561K | $80.0K | Richard Aldred CFO,
Exec. VP, Treasurer | 252K | -- | Christopher Cook, 56 Exec.
VP, Gen. Counsel | 254K | 4.9K | Joseph Bova Exec.
VP and Lending Operations Mang. | 256K | 3.7K | 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
|
|