| Business Summary | | First
Community
Financial
Corporation
serves
as
the
holding
company
for
Community
Savings
Bank,
Inc.
(the
Bank).
The
Bank
is
primarily
engaged
in
soliciting
deposit
accounts
from
businesses
and
the
general
public,
and
making
commercial
loans,
construction
loans,
residential
real
estate
loans,
home
equity
line
of
credit
loans,
consumer
loans
and
various
investments.
The
North
Carolina-based
Bank
conducts
its
business
through
three
full-service
offices
in
Burlington,
one
full-service
office
in
Graham
and
one
loan-origination
office
in
Burlington. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FCFN
is
a
bank
holding
company
for
Community
Savings
Bank,
a
North
Carolina-chartered
mutual
savings
bank
headquartered
in
Burlington,
NC.
For
the
six
months
ended
6/30/01,
interest
income
fell
11%
to
$7.6
million.
Net
interest
income
after
loan
loss
prov.
fell
10%
to
$3.4
million.
Net
income
fell
51%
to
$394
thousand.
Net
interest
income
after
LLP
reflects
the
discontinuance
of
a
$25
million
arbitrage.
Net
income
also
reflects
higher
salary,
occupancy
and
data
processing
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| W. Gilliam, 63 Chairman,
Pres and CEO | $519K | Christopher Redcay, 48 CFO,
Sr. VP, Treasurer | 220K | Larry Hall, 55 Exec.
VP | 304K | Joseph Canada, 52 Sr.
VP and Sec. | 180K | 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
|
|