| Business Summary | | FMS
Financial
Corporation
is
the
holding
company
for
Farmers
and
Mechanics
Bank.
The
Bank
is
primarily
engaged
in
the
business
of
attracting
deposits
from
the
general
public
and
originating
loans,
which
are
secured
by
residential
real
estate.
To
a
lesser
extent,
the
Bank
also
originates
consumer,
commercial
business
loans
and
construction
loans
and
invests
in
U.S.
government
securities
and
mortgage-related
securities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FMS
Financial
Corp.
is
a
bank
holding
company
for
Farmers
and
Mechanics
Bank.
For
the
three
months
ended
3/31/01,
total
interest
income
increased
5%
to
$13.5
million.
Net
interest
income
after
loan
loss
provision
increased
2%
to
$6.2
million.
Net
income
decreased
10%
to
$1.2
million.
Net
interest
income
reflects
an
increase
in
the
average
balance
of
investment
securities,
partially
offset
by
a
higher
borrowings
balance.
Net
income
was
offset
by
higher
occupancy
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Edward Staats, Jr., 54 Chairman | -- | Craig Yates, 57 Pres,
CEO | $213K | Wayne Page, 77 Vice
Chairman | -- | Thomas Topley, 39 Sr.
VP, Operations and Sec. | -- | James Igo, 43 Sr.
VP and CLO | -- | 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
|
|