| Business Summary | | Admiralty
Bancorp,
Inc.
is
a
holding
company
for
Admiralty
Bank
and
Admiralty
Insurance
Services,
LLC
(AIS).
The
Company
conducts
a
traditional
commercial
banking
business
and
offers
services,
including
personal
and
business
checking
accounts
and
time
deposits,
money
market
accounts
and
regular
savings
accounts.
The
Company
engages
in
a
wide
range
of
lending
activities
and
offers
commercial,
consumer,
residential
and
non-residential
mortgage
and
construction
loans.
In
addition,
through
its
AIS
joint
venture,
the
Company
offers
a
wide
range
of
insurance
products.
The
Company's
service
area
primarily
consists
of
Palm
Beach,
Broward,
Brevard,
Orange,
Osceola
and
Seminole
Counties,
Florida,
although
it
makes
loans
throughout
Florida.
The
Company
operates
through
its
main
office
in
Palm
Beach
Gardens,
Florida,
and
branch
offices
in
Boca
Raton,
Juno
Beach,
Jupiter,
Melbourne
and
Orlando,
Florida. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Admiralty
Bancorp
is
a
holding
company
for
Admiralty
Bank,
a
Florida
state
chartered
commercial
bank.
For
the
six
months
ended
6/30/01,
net
interest
income
totaled
$14.1
million,
up
from
$6.7
million.
Net
interest
income
after
loan
loss
provision
rose
63%
to
$5.7
million.
Net
income
rose
8%
to
$471
thousand.
Net
interest
income
reflects
higher
earning
assets,
partially
offset
by
higher
rates
on
time
deposits
and
money
market
accounts.
Net
income
reflects
higher
personnel
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Bruce Mahon, 70 Chairman
of the Company and the Bank | -- | Ward Kellogg, 42 Pres,
CEO of the Company and the Bank | $174K | Kevin Sacket, 40 Treasurer
of Admiralty Bancorp Exec. VP and CFO of the Bank | -- | William Burke, 41 Exec.
VP and COO of the Bank | 128K | Dennis Gavin, 36 Exec.
VP and Sr. Lending Officer of the Bank | 106K | 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
|
|