| Business Summary | | Coastal
Bancorp,
Inc.
is
engaged
primarily
in
the
business
of
serving
as
the
parent
holding
company
for
Coastal
Banc
ssb
(the
Bank).
The
Bank
is
a
federally
insured
state
savings
bank
that
operates
through
50
branch
offices
in
metropolitan
Houston,
Austin,
Corpus
Christi,
the
Rio
Grande
Valley
and
small
cities
in
the
southeast
quadrant
of
Texas.
As
of
December
31,
2000,
the
Company
had
total
consolidated
assets
of
$3.1
billion
and
total
deposits
of
$1.7
billion. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CBSA
is
a
bank
holding
company
for
Coastal
Banc
ssb,
a
Texas-chartered
state
savings
bank
headquarted
in
Houston,
with
50
branches
throughout
Texas.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
1%
to
$116.6
million.
Net
interest
income
after
loan
loss
prov.
rose
10%
to
$42.6
million.
Net
income
before
accounting
change
applicable
to
Common
rose
13%
to
$10
million.
Results
reflect
higher
average
loan
balances
and
a
lower
provision
for
loan
losses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Manuel Mehos, 46 Chairman,
Pres, CEO | $602K | -- | Catherine Wylie, 46 CFO,
Sr. VP | 388K | -- | Tim Gearhart, 53 Exec.
VP | 173K | -- | David Graham, 57 Exec.
VP of the Bank | 179K | -- | Gary Garrett, 54 Sr.
Exec. VP, CLO | 368K | $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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|