| Business Summary | | TIB
Financial
Corp.
is
a
financial
holding
company
that
acts
as
the
bank
holding
company
for
TIB
Bank
of
the
Keys
(the
Bank).
The
Bank
conducts
a
general
commercial
banking
business
in
its
primary
service
area
of
Monroe
County
and
Dade
County,
Florida,
emphasizing
the
banking
needs
of
individuals,
professionals
and
business
customers.
The
principal
business
of
the
Bank
is
to
attract
deposits
from
the
public,
and
to
use
such
deposits
to
make
real
estate,
business
and
consumer
loans
in
its
primary
service
area.
The
Bank
offers
a
full
range
of
deposit
services
that
are
typically
available
from
financial
institutions,
including
NOW
accounts,
money
market
checking
accounts,
demand
accounts,
savings
accounts,
certificates
of
deposit
and
other
time
deposits.
In
addition,
retirement
accounts,
such
as
Individual
Retirement
Accounts,
are
available
from
the
Bank. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TIBB
is
a
bank
holding
company
for
TIB
Bank
of
the
Keys
in
Florida.
For
the
six
months
ended
6/30/01,
interest
income
rose
14%
to
$17.5
million.
Net
interest
income
after
loan
loss
prov.
fell
3%
to
$8.4
million.
Net
income
fell
22%
to
$1.8
million.
Net
interest
income
reflects
higher
levels
of
earning
assets,
offset
by
lower
interest
spread.
Net
income
reflects
increased
expenses
related
to
interchange
fees
and
processing
costs
and
the
addition
of
a
new
subsidiary. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| James Lawson, III, 66 Chairman | -- | Edward Lett, 56 Pres,
CEO | $244K | Joseph Roth, Jr., 54 Vice
Chairman | -- | David Johnson, 45 CFO,
Sr. VP | -- | Derek Martin-Vegue, 55 Pres
of Keys Insurance Agency, Inc., Director | -- | 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
|
|