| Business Summary | | Peoples
Bancorp
of
North
Carolina,
Inc.
serves
as
the
holding
company
for
Peoples
Bank
(the
Bank),
a
state-chartered
commercial
bank
serving
the
citizens
and
business
interests
of
the
Catawba
Valley
and
surrounding
communities.
The
Bank
is
engaged
primarily
in
the
business
of
attracting
retail
and
commercial
deposits
from
the
general
public
and
using
those
deposits
to
make
secured
and
unsecured
loans.
The
Bank
offers
a
full
range
of
loan
and
deposit
products,
as
well
as
non-deposit
investment
products.
The
Bank
makes
automobile,
credit
card,
mobile
home,
securities,
first
and
second
mortgage,
boat
and
recreational
vehicle
and
deposit
secured,
as
well
as
unsecured,
consumer
loans.
The
Bank
also
offers
a
broad
range
of
secured
and
unsecured
commercial
loan
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PEBK,
a
holding
co.,
is
a
full
service
bank
which
conducts
its
operations
in
Catawba,
Lincoln
and
Alexander
Counties
in
North
Carolina.
For
the
six
months
ended
6/30/01,
total
interest
income
increased
15%
to
$21.8
million.
Net
interest
income
after
loan
loss
provision
fell
7%
to
$9
million.
Net
income
rose
4%
to
$2.7
million.
Net
interest
income
reflects
higher
average
interest-earning
assets
offset
by
higher
interest
on
deposist.
Net
income
benefited
from
higher
service
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Tony Wolfe, 54 Pres,
CEO | $256K | Joseph Beaman, Jr., 51 CFO,
Exec. VP, Sec. | 186K | William Cable, 32 Sr.
VP - Information Systems of the Bank | 116K | Lance Sellers, 38 Exec.
VP - Credit Admin., Mortgage Lending and Commercial Banking & the Bank | 155K | Clifton Wike, 51 Sr.
VP - Lending of the Bank | 127K | 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
|
|