| Business Summary | | Georgia-Carolina
Bancshares,
Inc.
is
a
one-bank
holding
company
for
the
First
Bank
of
Georgia
(the
Bank),
a
state-chartered
commercial
bank
that
operates
two
offices
in
Thomson,
Georgia
and
two
offices
in
Augusta,
Georgia.
The
Bank
offers
a
full
range
of
deposit
and
lending
services
and
is
a
member
of
an
electronic
banking
network
that
enables
its
customers
to
use
the
automated
teller
machines
of
other
financial
institutions.
In
addition,
the
Bank
offers
commercial
and
business
credit
services,
as
well
as
various
consumer
credit
services,
including
home
mortgage
loans,
automobile
loans,
lines
of
credit,
home
equity
loans,
home
improvement
loans
and
credit
card
accounts.
In
September
1999,
the
Bank
established
a
mortgage
division
that
operates
as
First
Bank
Mortgage
(the
Mortgage
Division).
This
division
originates
mortgage
loans
and
offers
a
variety
of
other
mortgage
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | GECR
is
a
one-bank
holding
company
for
the
First
Bank
of
Georgia,
a
state-chartered
commercial
bank.
For
the
six
months
ended
6/30/01,
total
interest
income
increased
84%
to
$5.6
million.
Net
interest
income
after
loan
loss
provision
rose
38%
to
$2.1
million.
Net
income
totaled
$556
thousand
vs.
a
loss
of
$119
thousand.
Net
interest
income
reflects
higher
interest-earning,
partially
offset
by
a
higher
loss
provision.
Net
income
reflects
an
increased
gain
on
the
sale
of
mortgage
loans. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Samuel Fowler, Jr., 54 Chairman | -- | Patrick Blanchard, 57 Presdient,
CEO of the Company and the Bank | $146K | J. Harold Ward, Jr., 58 CFO,
Sr. VP | -- | Remer Brinson, III, 40 Pres
of the Bank | 145K | 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
|
|