| Business Summary | | Northeast
Bancorp/ME
is
a
unitary
savings
and
loan
holding
company
whose
primary
subsidiary
and
principal
asset
is
its
wholly
owned
banking
subsidiary,
Northeast
Bank,
FSB
(the
Bank).
The
Company,
through
Northeast
Bank
and
the
Bank's
subsidiary,
Northeast
Financial
Services,
Inc.,
provides
a
broad
range
of
financial
services
to
individuals
and
companies
in
western,
midcoast
and
south-central
Maine.
The
Bank
has
branches
located
in
Auburn,
Augusta,
Bethel,
Harrison,
South
Paris,
Buckfield,
Mechanic
Falls,
Brunswick,
Richmond,
Lewiston
and
Lisbon
Falls,
Maine.
The
Bank
also
maintains
a
facility
in
Falmouth,
Maine,
from
which
loan
applications
are
accepted
and
investment,
insurance
and
financial
planning
products
and
services
are
offered.
As
of
June
30,
2000,
the
Company,
on
a
consolidated
basis,
had
total
assets
of
approximately
$434
million,
total
deposits
of
approximately
$260
million,
and
stockholders'
equity
of
approximately
$28
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NBN,
a
savings
and
loan
holding
company
for
Northeast
Bank,
FSB,
provides
a
full
range
of
banking
services.
For
the
nine
months
ended
3/01,
total
interest
income
rose
15%
to
$27.2
million.
Net
interest
income
after
loan
loss
prov.
rose
2%
to
$10
million.
Net
income
applicable
to
Common
rose
8%
to
$2.7
million.
Net
interest
income
reflects
increased
loan
volumes,
partially
offset
by
higher
deposits
and
borrowings.
Earnings
reflect
higher
investment,
insurance
and
trust
income. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
8,576;
after
tax
earnings
were
760. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| John Trinward, 75 Chairman | -- | -- | James Delamater, 49 Pres
and CEO | $155K | $94K | Richard Wyman, Jr., 44 CFO | -- | -- | A. William Cannan, 58 Exec.
VP and COO | 143K | -- | Philip Jackson, 56 Sr.
VP of the Bank's Trust Operations, Director | -- | -- | Dollar amounts are as of 30-June-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
|
|