| Business Summary | | Merrill
Merchants
Bancshares,
Inc.
is
the
bank
holding
company
for
Merrill
Merchants
Bank
(the
Bank).
The
Bank
conducts
a
general
commercial
and
retail
banking
business
that
includes
the
acceptance
of
deposits
from
the
general
public
and
the
application
of
those
funds
to
the
origination
of
a
variety
of
commercial
loans,
commercial
and
residential
real
estate
loans
and
consumer
loans.
The
Bank
has
also
established
a
Trust
and
Investment
Services
Department,
which
has
grown
since
inception
in
April
1994,
to
$224.8
million
in
assets
under
management,
as
of
December
31,
2000.
As
of
December
31,
2000,
the
Company
had
total
assets
of
$246.4
million,
loans,
net
of
allowances
of
$163.3
million,
total
deposits
of
$200.5
million
and
shareholders'
equity
of
$23.3
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Merrill
Merchants
Bancshares
is
a
one
bank
holding
company
that
owns
all
of
the
common
stock
of
Merrill
Merchants
Bank.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
14%
to
$9.8
million.
Net
interest
income
after
loan
loss
prov.
rose
17%
to
$5.3
million.
Net
income
applicable
to
Common
rose
25%
to
$1.5
million.
Net
interest
income
reflects
higher
loan
balances
and
increased
interest
on
securities.
Earnings
reflect
higher
service
charges
and
trust
fees | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Bullock, Jr., 64 Chairman | -- | Edwin Clift, 61 Pres,
CEO, Director | $206K | Deborah Jordan, 35 Treasurer | -- | James MacLeod, 41 Sec. | -- | William Lucy, 42 Exec.
VP of the Bank | 114K | 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
|
|