| Business Summary | | Sussex
Bancorp
was
incorporated
to
serve
as
holding
company
for
the
Sussex
County
State
Bank
(the
Bank),
a
commercial
bank
formed
in
1975.
The
Company's
primary
business
is
ownership
and
supervision
of
the
Bank.
The
Company,
through
the
Bank,
conducts
a
traditional
commercial
banking
business,
offering
services
that
include
personal
and
business
checking
accounts
and
time
deposits,
money
market
accounts
and
regular
savings
accounts.
The
Company
structures
its
specific
services
and
charges
in
a
manner
designed
to
attract
the
business
of
the
small
and
medium-sized
business
and
professional
community,
as
well
as
that
of
individuals
residing,
working
and
shopping
in
the
Sussex
County,
New
Jersey
trade
area
serviced
by
the
Company.
The
Company
engages
in
a
wide
range
of
lending
activities
and
offers
commercial,
consumer,
mortgage,
home
equity
and
personal
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Sussex
Bancorp
is
a
one-bank
holding
company
for
the
Sussex
County
State
Bank.
For
the
six
months
ended
6/30/01,
interest
income
rose
18%
to
$5.9
million.
Net
interest
income
after
loan
loss
provisions
increased
7%
to
$2.8
million.
Net
income
rose
17%
to
$450
thousand.
Net
interest
income
reflects
growth
in
interest
earning
assets,
partially
offset
by
higher
interest
costs
on
time
deposits.
Earnings
benefitted
from
increased
service
charges
and
fees. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Donald Kovach, 66 Chairman,
CEO, Pres | $169K | William Kulsar, 64 Sec. | -- | Candace Leatham, 46 Sr.
VP, Treasurer of the Bank | -- | 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
|
|