| Business Summary | | Classic
Bancshares,
Inc.
is
a
financial
holding
company
for
its
primary
wholly
owned
subsidiary,
Classic
Bank,
a
Kentucky-chartered
commercial
bank.
As
a
community-oriented
financial
institution,
Classic
Bank
seeks
to
serve
the
financial
needs
of
communities
in
its
market
area.
Its
business
involves
attracting
deposits
from
the
general
public
and
using
such
deposits,
together
with
other
funds,
to
originate
primarily
commercial
business,
consumer,
commercial
real
estate,
one-
to
four-family
residential
mortgages,
and
to
a
lesser
extent,
multi-family
and
construction
loans
in
its
market
areas.
Classic
Bank
also
invests
in
mortgage-backed
and
related
securities
and
investment
securities,
as
well
as
other
permissible
investments. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Classic
Bancshares
is
the
bank
holding
company
for
Classic
Bank.
For
the
fiscal
year
ended
3/31/01,
total
interest
income
rose
15%
to
$13.7
million.
Net
interest
income
after
loan
provision
rose
4%
to
$6.1
million.
Net
income
fell
2%
to
$1
million.
Net
interest
income
reflects
a
higher
average
balance
of
interest-earning
assets,
partially
offset
by
a
higher
cost
of
funds.
Earnings
also
suffred
from
increased
personnel
and
occupancy
expenses. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
3,410;
after
tax
earnings
were
414. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| C. Cyrus Reynolds, 74 Chairman | -- | David Barbour, 53 Pres,
CEO | $180K | Everett Gevedon, Jr., 67 Vice
Chairman | -- | Lisah Frazier, 33 CFO,
Chief Operating Officer, Sec., Treasurer | -- | Robert Bayes, 57 Exec.
VP | 119K | Dollar
amounts are as of 31-Mar-2001 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
|
|