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Profile - GLB Bancorp, Inc. (NasdaqSC:GLBK)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | SEC | Msgs | Insider
Location
7001 Center Street
Mentor, OH 44060
Phone: (440) 974-0000
Fax: (440) 974-3012
Email: info@great-lakes-bank.com
Employees (last reported count): 70
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Regional Banks
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 30%
·Over the last 6 months:
 · 4 insider buys; 32.0K shares (5.3% of insider shares)
·Institutional: 2% (3% of float)
(5 institutions)
·Net Inst. Selling: 37.0K shares (+264.24%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
GLB Bancorp, Inc. is a one-bank holding company that owns all of the outstanding common stock of Great Lakes Bank (the Bank). The Bank is the only commercial bank headquartered in Lake County, Ohio. The Company provides a focused core of banking services, primarily for individuals and small to medium-sized businesses. The Company's lending activities focus primarily on secured lending for residential and commercial real estate. Most of the GLB's loans are secured by first mortgages or junior mortgages on various types of real estate, including single-family residential, multi-family residential, mixed use, commercial, developed and undeveloped real estate. The Company offers an array of deposit products, including checking and savings accounts and certificates of deposit.
More from Market Guide: Expanded Business Description

Financial Summary
GLB Bancorp is a one-bank holding company for Great Lakes Bank. The Bank focuses on secured lending for residential and commercial real estate and also offers a broad array of deposit products. For the six months ended 6/30/01, interest income rose 17% to $5.1 million. Net interest income after LLP rose 2% to $2.7 million. Net income fell 19% to $475 thousand. Results reflect loan volume growth, offset by higher compensation and benefit expenses.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

Jerome Osborne, Sr., 78
Chairman
--  
Richard Flenner, Jr., 58
Pres, CEO
$101K
Richard Osborne, 55
Vice Chairman
--  
Andrew Meinhold, 50
Exec. VP
--  
Cheryl Mihitsch, 52
Controller and Treasurer
--  
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
Statistics at a Glance -- NasdaqSC:GLBKAs of 31-Aug-2001
Price and Volume
52-Week Low
on 7-Feb-2001
$6.875
Recent Price$10.00 
52-Week High
on 18-Sep-2000
$12.313
Beta0.16 
Daily Volume (3-month avg)1,318 
Daily Volume (10-day avg)1,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y]
52-Week Change+8.1%
52-Week Change
relative to S&P500
+45.0%
Share-Related Items
Market Capitalization$21.3M
Shares Outstanding2.13M
Float1.50M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq)$12.69 
Earnings (ttm)$0.48 
Earnings (mrq)$0.10 
Sales (ttm)$4.62 
Cash (mrq)$3.71 
Valuation Ratios
Price/Book (mrq)0.79 
Price/Earnings (ttm)20.75 
Price/Sales (ttm)2.17 
Income Statements
Sales (ttm)$9.85M
EBITDAN/A 
Income available to common (ttm)$1.03M
Profitability
Profit Margin (ttm)10.4%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)0.76%
Return on Equity (ttm)3.86%
Financial Strength
Current RatioN/A 
Long-Term Debt/Equity (mrq)0 
Total Cash (mrq)$7.91M
Short Interest
As of 8-Aug-2001
Shares Short3,000 
Percent of Float0.2%
Shares Short
(Prior Month)
0 
Short Ratio3.00 
Daily Volume1,000 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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