| Business Summary | | Penns
Woods
Bancorp,
Inc.
is
a
bank
holding
company
that
operates
the
Jersey
Shore
State
Bank
(the
Bank).
The
Company's
business
has
consisted
primarily
of
managing
and
supervising
the
Bank,
and
its
principal
source
of
income
has
been
dividends
paid
by
the
Bank.
The
Company's
two
other
wholly
owned
subsidiaries
are
Woods
Real
Estate
Development
Co.,
Inc.
and
Woods
Investment
Co.
The
Bank
is
engaged
in
commercial
and
retail
banking,
the
taking
of
time
and
regular
savings
and
demand
deposits,
the
making
of
commercial
and
consumer
loans
and
mortgage
loans
and
safe
deposit
services.
Auxiliary
services,
such
as
cash
management,
are
provided
to
commercial
customers.
The
Bank
operates
10
full-service
offices
in
Lycoming,
Clinton
and
Centre
Counties,
Pennsylvania,
and
a
Mortgage/Loan
Center
in
Centre
County,
Pennsylvania. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Penns
Woods
Bancorp,
Inc.
is
a
bank
holding
company
for
Jersey
Shore
State
Bank,
Woods
Real
Estate
Development
Co.,
and
Woods
Investment
Company.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
4%
to
$14.3
million.
Net
interest
income
after
loan
loss
provision
fell
1%
to
$7.6
million.
Net
income
rose
11%
to
$3.5
million.
Results
reflect
increased
interest
paid
on
deposits,
offset
by
increased
commission
income
and
gains
on
securities. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Theodore Reich, 62 Chairman | $191K | $8.0K | Ronald Walko, 54 Pres,
CEO, Director | 202K | 3.4K | William Rockey, 54 Sr.
VP | -- | -- | Hubert Valencik, 59 Sr.
VP | 110K | -- | Sonya Scott, 41 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
|
|