| Business Summary | | Indiana
United
Bancorp
is
a
bank
holding
company
that
operates
47
offices
in
Indiana
and
Illinois.
Through
its
banking
subsidiaries
(the
Banks),
the
Company
offers
a
broad
range
of
financial
services,
including
accepting
time
and
transaction
deposits;
making
consumer,
commercial,
agribusiness
and
real
estate
mortgage
loans;
issuing
credit
cards;
renting
safe
deposit
facilities;
providing
general
agency
personal
and
business
insurance
services;
providing
personal
and
corporate
trust
services,
and
providing
other
corporate
services
such
as
letters
of
credit
and
repurchase
agreements.
As
of
December
31,
2000,
the
Company
had
consolidated
assets
of
$1,216,936,
consolidated
deposits
of
$1,053,570
and
shareholders'
equity
of
$78,005.
The
lending
activities
of
the
Banks
are
separated
into
primarily
the
categories
of
commercial/agricultural,
real
estate
and
consumer
loans.
Loans
are
originated
by
the
lending
officers
of
the
Banks,
subject
to
limitations
set
forth
in
lending
policies. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | IUBC,
a
bank
holding
company,
offers
a
broad
range
of
financial
services
through
47
offices
in
Indiana
and
Illinois.
Interest
income
for
the
six
months
ended
6/30/01
rose
6%
to
$43.7
million.
Net
interest
income
after
loan
loss
provision
increased
1%
to
$19
million.
Net
income
increased
12%
to
$5.4
million.
Results
reflect
increased
interest
earning
assets
partially
offset
by
increased
interest
on
deposits.
Earnings
reflect
decreased
merger
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Robert Hoptry, 61 Chairman | -- | James Saner, Sr., 48 Pres,
CEO, Director | $211K | Michael Bauer, 45 Chairman,
Pres and CEO, Regional Federal Savings Bank | 158K | Lynn Gordon, 49 Chairman,
Pres and CEO, People's Trust Company | 148K | Daryl Tressler, 48 Chairman,
Pres and CEO, Union Bank and Trust Company of Indiana | 149K | Dollar
amounts are as of 31-Dec-1999 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
|
|