| Business Summary | | Suffolk
Bancorp
is
a
one-bank
holding
company
that
does
commercial
banking
through
its
wholly
owned
banking
subsidiary,
The
Suffolk
County
National
Bank
(SCNB).
SCNB
offers
a
full
line
of
domestic,
retail
and
commercial
banking
services,
as
well
as
trust
services.
SCNB's
primary
lending
area
includes
all
of
Suffolk
County,
New
York.
SCNB
also
makes
loans
for
automobiles
in
Nassau
County,
New
York.
Most
of
SCNB's
revenue
comes
from
net
interest
income,
and
the
remainder
from
charges
for
a
variety
of
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SUBK
is
a
bank
holding
company
for
the
Suffolk
County
National
Bank,
and
provides
domestic,
retail
and
commercial
banking
services,
and
trust
services.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
7%
to
$39.9
million.
Net
interest
income
after
LLP
rose
6%
to
$26.1
million.
Earnings
rose
20%
to
$9.2
million.
Net
interest
income
reflects
increased
loans
and
investments,
partially
offset
by
higher
borrowing
costs.
Earnings
reflect
higher
charges
on
deposit
accounts. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Edward Merz, 69 Chairman | -- | Thomas Kohlmann, 54 Pres,
CEO, Director | $270K | J. Gordon Huszagh, 47 CFO,
Exec. VP | 141K | Augustus Weaver, 58 Exec.
VP, CIO | 178K | Victor Bozuhoski, Jr., 62 Exec.
VP- Retail Banking | 217K | 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
|
|