| Business Summary | | Lakeland
Bancorp,
Inc.
is
engaged
in
the
managing
and
supervising
of
Lakeland
Bank
(LB)
and
The
National
Bank
of
Sussex
County
(NBSC).
LB
is
a
full-service
commercial
bank,
offering
a
complete
range
of
consumer,
commercial
and
trust
services.
LB's
19
branch
offices
are
located
in
five
New
Jersey
counties:
Morris,
Passaic,
Sussex,
Essex
and
Bergen.
NBSC
is
a
full-service
commercial
bank
with
10
branches,
an
operations
center
and
an
administration
center,
all
within
Sussex
County,
New
Jersey.
Its
customers
primarily
are
individuals
who
reside
in,
and
small
to
medium-sized
businesses
that
are
located
in,
northwestern
New
Jersey.
As
of
December
31,
2000,
the
Company
had
consolidated
total
assets,
deposits
and
stockholders'
equity
of
approximately
$906.6
million,
$800.8
million
and
$78.6
million,
respectively. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Lakeland
Bancorp,
Inc.
is
the
holding
company
for
Lakeland
Bank
and
The
National
Bank
of
Sussex
County.
For
the
three
months
ended
3/31/01,
interest
income
rose
11%
to
$15.5
million.
Net
interest
income
after
loan
loss
provision
rose
6%
to
$8.9
million.
Net
income
rose
1%
to
$2.4
million.
Net
interest
income
reflects
an
increase
in
earning
assets
and
higher
yields,
partially
offset
by
higher
interest
expenses.
Earnings
also
suffered
from
increased
medical
benefit
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Fredericks, 64 Chairman | -- | Roger Bosma, 58 Pres,
CEO, Director | $366K | Robert Nicholson, 72 Vice
Chairman | -- | Joseph Hurley, 50 CFO,
Exec. VP | 184K | Steven Schachtel, 43 Pres,
Lakeland Band Equipment Leasing Division | -- | 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
|
|