| Business Summary | | First
South
Bancorp,
Inc.
serves
as
the
holding
company
for
First
South
Bank,
a
commercial
bank.
The
Company's
principal
business
is
overseeing
the
business
of
the
Bank.
The
Bank
serves
eastern
North
Carolina
through
17
full-service
banking
offices.
The
Bank's
principal
business
consists
of
attracting
deposits
from
the
general
public
and
investing
these
funds
in
commercial
business
loans,
commercial
real
estate
loans,
consumer
loans
and
mortgage
loans
secured
by
residences
in
the
Bank's
primary
market
area. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | First
South
Bancorp,
Inc.
is
a
bank
holding
company
for
First
South
Bank,
a
state
chartered
bank
serving
eastern
North
Carolina.
For
the
nine
months
ended
6/30/01,
total
interest
income
increased
24%
to
$32.4
million.
Net
interest
income
after
loan
loss
provision
increased
14%
to
$14
million.
Net
income
rose
67%
to
$4.3
million.
Results
reflect
increased
earning
asset
balances
due
to
acquisitions,
increased
gains
on
the
sale
of
loans
and
increased
loan
fees. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Linley Gibbs, Jr., 69 Chairman | -- | Thomas Vann, 51 Pres,
CEO, Director | $411K | Frederick Holscher, 52 Vice
Chairman | -- | William Wall, 54 CFO,
Exec. VP, Sec. | -- | Jack Ashley, 55 Exec.
VP of Branch Admin. and Operations | -- | Dollar amounts are as of 30-Sep-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
|
|