| Business Summary | | U.S.B.
Holding
Co.,
Inc.
is
a
bank
holding
company
engaged
in
providing
banking
and
related
financial
services,
primarily
to
customers
in
Rockland
and
Westchester
Counties,
New
York,
as
well
as
lower
Fairfield
County
Connecticut
and
New
York
City,
New
York.
Union
State
Bank
(the
Bank),
the
Company's
commercial
banking
subsidiary,
offers
a
wide
range
of
banking
services
that
include
checking
accounts,
NOW
accounts,
money
market
accounts,
savings
accounts,
both
passbook
and
statement,
certificates
of
deposit,
retirement
accounts,
commercial,
personal,
residential,
construction,
home
equity
(second
mortgage)
and
condominium
mortgage
loans,
as
well
as
consumer
loans,
credit
cards,
safe
deposit
facilities
and
other
consumer
oriented
financial
services.
The
Bank
also
makes
available
to
its
customers
automated
teller
machines
(ATMs),
lock-box
services
and
has
a
remote
banking
service. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | U.S.B.
Holding
Co.,
a
bank
holding
Co.,
provides
financial
services
through
wholly
owned
subsidiaries,
including
full-service
commercial
and
retail
banking.
For
the
six
months
ended
6/30/01,
interest
income
rose
4%
to
$67.7
million.
Net
interest
income
after
loan
loss
prov.
fell
1%
to
$28.9
million.
Net
income
applicable
to
Common
rose
1%
to
$10.2
million.
Results
reflect
lower
net
interest
spread
and
margins,
offset
by
a
$1.5
million
gain
on
the
sale
of
securities. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Thomas Hales, 64 Chairman
and CEO and Pres of the Company and the Bank | $2.0M | $1.8M | Raymond Crotty, 53 Sr.
Exec. VP, CCO & Assistant Sec. & Director of the Compan | 458K | 95K | Michael Fury, 74 Sec.,
Director of the Company and 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|