| Business Summary | | California
Independent
Bancorp
is
the
bank
holding
company
for
Feather
River
State
Bank,
both
of
which
are
located
in
Yuba
City,
California.
The
Bank
is
engaged
in
the
commercial
banking
business,
including
accepting
demand,
savings
and
time
deposits,
and
making
commercial,
real
estate,
agricultural
and
consumer
loans.
The
Bank
also
offers
installment
note
collection,
issues
cashier's
checks
and
money
orders,
sells
traveler's
checks,
and
provides
bank-by-mail,
night
depository,
safe
deposit
boxes,
ATMs,
Visa
debit
cards
and
other
customary
banking
services.
In
addition,
the
Bank
offers
its
customers
home
banking
services,
whereby,
customers
can
make
transfers
between
accounts,
pay
bills,
receive
balance
inquiries
and
statements
via
their
personal
computer
or
telephone.
At
December
31,
2000,
the
Company
had
consolidated
assets
of
$301.45
million,
deposits
of
$267.63
million,
gross
loans
and
leases
of
$179.02
million
and
shareholders'
equity
of
$25.77
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | California
Independent
Bancorp
is
a
bank
holding
company
for
Feather
River
State
Bank,
a
state
chartered
bank
with
seven
branches
in
the
northern
Sacramento
Valley
of
CA.
For
the
six
months
ended
6/30/01,
total
interest
income
fell
2%
to
$11.3
million.
Net
interest
income
after
LLP
rose
7%
to
$7.3
million.
Net
income
from
continuing
operations
remained
flat
at
$1.4
million.
Results
reflect
decreased
interest
on
investments
and
a
lower
loan
loss
provision,
offset
by
increased
salary
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Larry Hartwig, 60 Pres,
CEO, Director | $431K | Robert Lampert, 45 CFO,
Sec. | 169K | Kenneth Anderson, 48 Sr.
VP- Admin. Services of the Bank | -- | Blaine Lauhon, 38 Sr.
VP and CLO of the Bank | -- | Douglas Marr, 47 Sr.
VP, Assistant Corp. Sectretary, and CCO of the Bank | -- | 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
|
|