| Business Summary | | Metrocorp
Bancshares,
Inc.
is
the
holding
company
for
MetroBank
National
Association
(the
Bank).
The
Bank
offers
a
variety
of
loan
and
deposit
products
and
services
to
retail
customers,
through
its
branch
network
in
Houston
and
Dallas.
Loans
to
retail
customers
include
residential
mortgage
loans,
residential
construction
loans,
automobile
loans,
lines
of
credit
and
other
personal
loans.
The
primary
lending
focus
of
the
Company
is
to
small
and
medium-sized
businesses
located
in
Asian
and
Hispanic
communities.
Retail
deposit
products
and
services
include
checking
and
savings
accounts,
money
market
accounts,
time
deposits,
ATM
cards,
debit
cards
and
online
banking.
The
Company
also
invests
in
United
States
Treasury
securities,
state
and
municipal
securities,
mortgage-backed
securities,
collateralized
mortgage
obligations
and
other
debt
securities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MCBI
is
a
bank
holding
company
for
MetroBank,
NA,
with
offices
in
Houston
and
Dallas,
TX.
For
the
six
months
ended
6/30/01,
total
interest
income
fell
5%
to
$29.3
million.
Net
interest
income
after
loan
loss
provision
rose
26%
to
$14.9
million.
Net
income
totaled
$4.2
million,
up
from
$984
thousand.
Net
interest
income
reflects
lower
interest-earning
assets,
offset
by
a
lower
loan
loss
provision.
Net
income
reflects
increased
service
charges
and
fees. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Don Wang, 57 Chairman,
CEO | $141K | Allen Brown Pres | -- | Ruth Ransom, 47 CFO,
Sr. VP | 107K | David Tai, 49 Director,
Exec. VP and Sec. | 141K | Allen Cournyer, 52 Exec.
VP, CIO and Exec. VP, COO and CIO of the Bank | 171K | 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
|
|