| Business Summary | | American
National
Bankshares
Inc.
is
the
holding
company
for
the
American
National
Bank
and
Trust
Company
(the
Bank).
The
Bank
has
two
wholly
owned
subsidiaries,
ANB
Mortgage
Corp.
and
ANB
Services
Corp.,
to
make
and
sell
mortgage
loans
and
to
offer
non-deposit
products,
such
as
mutual
funds
and
insurance.
The
operations
of
the
Bank
are
conducted
at
13
offices
located
throughout
the
Bank's
trade
area
of
Virginia
and
North
Carolina.
The
Bank
also
has
14
automated
teller
machines
at
various
locations
in
the
trade
area.
The
Bank
offers
all
services
normally
offered
by
a
full-service
commercial
bank,
including
commercial
and
individual
demand
and
time
deposit
accounts,
commercial
and
individual
loans
and
trust
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AMNB
is
a
one-bank
holding
company
that
owns
all
the
capital
stock
of
American
National
Bank
and
Trust
Company.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
10%
to
$20.5
million.
Net
interest
income
after
loan
loss
prov.
rose
8%
to
$10.7
million.
Net
income
rose
11%
to
$4.8
million.
Net
interest
income
reflects
growth
in
interest-earning
assets,
partially
offset
by
higher
interest
expense
on
deposits.
Higher
income
reflects
a
$350
thousand
gain
on
sale
of
securities. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Charles Majors, 54 Pres,
CEO of the Corp. and the Bank | $225K | E. Budge Kent, Jr., 61 Exec.
VP, Chief Trust and Investment Officer, Director | 133K | T. Allen Liles, 47 Sr.
VP, Sec., Treasurer and CFO | 120K | John Beckett, Jr. Sr.
VP and Sr. Trust Officer | -- | Dabney Gillam, Jr. Sr.
VP and Sr. Loan Officer | -- | Dollar amounts are as of 31-Dec-1999 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
|
|