| Business Summary | | Shore
Financial
Corp.
is
a
unitary
holding
company
of
Shore
Bank
(the
Bank).
The
business
and
management
of
the
Company
consists
of
the
business
and
management
of
the
bank.
The
Bank
operates
seven
banking
offices
on
the
eastern
shore
of
Virginia
and
Maryland,
including
the
counties
of
Accomack
and
Northampton
in
Virginia
and
the
Salisbury/Wicomico
County
area
in
Maryland.
At
December
31,
2000,
the
Company
had
assets
of
$139.8
million,
deposits
of
$115.9
million
and
stockholders
equity
of
$15.4
million.
The
Bank
offers
a
full
menu
of
banking
products
and
services
in
the
communities
it
serves.
For
business
customers,
the
Bank
offers
checking,
cash
management,
credit
card
merchant
services,
employee
benefits,
and
a
variety
of
loan
options,
including
operating
lines
of
credit,
equipment
loans
and
real
estate
loans.
For
consumers,
the
Bank
offers
totally
free
checking
accounts,
along
with
telephone
banking
services,
safe
deposit
boxes,
a
check
card
and
a
network
of
ATMs. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Shore
Financial
Corp.
is
an
unitary
bank
holding
company
for
Shore
Bank.
For
the
six
months
ended
6/30/01,
interest
income
rose
8%
to
$5.1
million.
Net
interest
income
after
loan
loss
provision
rose
3%
to
$2.3
million.
Net
income
increased
12%
to
$667
thousand.
Net
interest
income
after
LLP
reflects
loan
growth,
partially
offset
by
higher
interest
on
deposits.
Earnings
benefitted
from
increased
deposit
account
fees. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Henry Custis, Jr., 55 Chairman | -- | -- | Scott Harvard, 46 Pres,
CEO | $193K | $29K | Steven Belote, 35 VP,
Sec. | -- | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|