| Business Summary | | Commercial
National
Financial
Corporation,
a
financial
company
incorporated
on
December
30,
1987,
owns
all
of
the
stock
of
Commercial
Bank
(the
Bank).
The
Bank
provides
a
full
range
of
banking
services
to
individuals,
agricultural
businesses,
commercial
businesses
and
light
industries
located
in
its
service
area.
The
Bank
maintains
a
diversified
loan
portfolio,
including
loans
to
individuals
for
home
mortgages,
automobiles
and
personal
expenditures
and
loans
to
business
enterprises
for
operations
and
expansion.
The
Bank
offers
a
variety
of
deposit
vehicles,
including
checking,
savings,
money
market
and
individual
retirement
accounts
and
certificates
of
deposit. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CEFC
is
a
bank
holding
company
for
Commercial
National
Bank,
a
state
chartered
bank
with
seven
offices
in
Michigan.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
8%
to
$8.3
million.
Net
interest
income
after
loan
loss
prov.
rose
1%
to
$4.3
million.
Net
income
rose
9%
to
$1.6
million.
Net
interest
income
reflects
increased
earning
assets,
partially
offset
by
lower
net
interest
margin.
Higher
income
reflects
a
$157
thousand
gain
on
the
sale
of
securities. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Howard Poindexter, 65 Chairman | -- | -- | Jeffrey Barker, 52 Pres,
CEO | $194K | -- | Patrick Duffy, 37 Exec.
VP, Chief Financial | 137K | -- | Andrew Shafley Sr.
VP- Sr. Loan Officer | 121K | $8.6K | 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
|
|