| Business Summary | | Washington
Banking
Company
is
a
bank
holding
company
whose
wholly
owned
subsidiary,
Whidbey
Island
Bank
(the
Bank),
a
Washington
state-chartered
bank,
conducts
a
full-service
community
commercial
banking
business.
The
Bank
provides
a
full
range
of
commercial
banking
services
to
small
and
medium-sized
businesses,
professionals
and
other
individuals
through
14
branch
offices
and
one
loan
production
office
located
in
Island,
Skagit
and
Whatcom
counties
in
Northwestern
Washington.
The
Company
also
offers
nondeposit
investment
products
for
sale
through
the
Bank's
subsidiary,
WIB
Financial
Services,
Inc.
At
December
31,
2000,
The
Company
had
total
assets
of
$361.6
million,
total
deposits
of
$317.8
million
and
shareholders'
equity
of
$31.5
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Washington
Banking
Company
is
a
bank
holding
company
for
Whidbey
Island
Bank,
a
state
chartered
bank
with
13
offices
in
northwestern
WA.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
30%
to
$16.1
million.
Net
interest
income
after
loan
loss
provision
rose
14%
to
$7.7
million.
Net
income
rose
30%
to
$1.9
million.
Results
reflect
higher
average
loan
balances
and
increased
secondary
market
fees
on
loans
originated
on
behalf
of
third
parties. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Jay Lien, 57 Chairman | -- | Michael Cann, 52 Pres,
CEO | $190K | Karl Krieg, III, 64 Vice
Chairman | -- | Phyllis Hawkins, 52 CFO,
Sr. VP | -- | 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
|
|