| Business Summary | | Habersham
Bancorp
operates
banks
in
rural
and
suburban
communities
in
Habersham,
White,
Cherokee,
and
Warren
counties
in
Georgia
and
a
full-service,
single-family
mortgage
and
construction
lender
located
primarily
in
the
north
Atlanta
metropolitan
area.
The
Company
also
does
business
in
the
mid-Atlantic
area
as
BancFinancial
Services
Corporation,
which
specializes
in
subprime
mortgage
lending.
The
Company's
primary
source
of
revenue
is
providing
loans
to
businesses
and
individuals
in
its
market
area.
The
Company
operates
through
its
wholly
owned
and
indirect
subsidiaries,
Habersham
Bank,
BancMortgage
Financial
Corp.,
The
Advantage
Group,
Inc.,
and
Advantage
Insurers,
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Habersham
Bancorp,
a
bank
holding
company
for
Habersham
Bank
and
Security
Bancorp,
Inc.,
operates
full-service
commercial
banks.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
12%
to
$22
million.
Net
interest
income
after
loan
loss
provision
fell
1%
to
$8.2
million.
Net
income
before
accounting
change
totaled
$3
million,
up
from
$1.3
million.
Results
reflect
increased
interest
paid
on
deposits
and
borrowings,
offset
by
increased
gains
on
loan
sales. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Thomas Arrendale, Jr., 80 Chairman | -- | David Stovall, 44 Pres,
CEO | $176K | Thomas Arrendale, III, 43 Vice
Chairman | -- | Annette Banks, 54 CFO,
VP | -- | James McCollum, 50 Exec.
VP, Director | 149K | 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
|
|