| Business Summary | | First
National
Corporation
is
a
bank
holding
company
that
owns
100%
of
First
National
Bank,
100%
of
National
Bank
of
York
County,
100%
of
Florence
County
National
Bank
and
90%
of
CreditSouth
Financial
Services
Corporation.
Some
of
the
major
services
that
the
Company
provides
through
its
banking
subsidiaries
include
checking,
NOW
accounts,
savings
and
other
time
deposits
of
various
types,
alternative
investment
products
such
as
annuities
and
mutual
funds,
loans
for
businesses,
agriculture,
real
estate,
personal
use,
home
improvement
and
automobiles,
credit
cards,
letters
of
credit,
home
equity
lines
of
credit,
safe
deposit
boxes,
bank
money
orders,
wire
transfer
services,
trust
services,
discount
brokerage
services
and
use
of
it
automated
teller
machine
facilities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | First
National
Corp.
is
a
bank
holding
company
for
First
National
Bank
in
South
Carolina.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
5%
to
$37.8
million.
Net
interest
income
after
loan
loss
provision
rose
6%
to
$20.4
million.
Net
income
rose
16%
to
$6.2
million.
Net
interest
income
reflects
growth
in
interest
earning
assets
and
a
lower
loan
loss
provision.
Net
income
also
benefitted
from
higher
services
charges
and
fees. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Horger, 50 Chairman
of the Company and First National Bank | -- | C. John Hipp, III, 49 Pres
and CEO of the Company and First National Bank | $343K | Dwight Frierson, 44 Vice
Chairman | -- | Robert Hill, Jr., 34 Director
and Sr. Exec. VP of First National Bank | 210K | Richard Mathis, 50 Exec.
VP, CFO | -- | 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
|
|