| Business Summary | | Eufaula
BancCorp,
Inc.
(EBC)
is
a
multi-bank
holding
company
for
Southern
Bank
of
Commerce
(SBC)
and
First
American
Bank
of
Walton
County
(FAB).
The
subsidiary
banks
offer
customary
services
of
banks
of
similar
size
and
similar
markets,
including
interest-bearing
and
non-interest-bearing
deposit
accounts,
commercial,
real
estate
and
personal
loans,
correspondent
banking
services
and
safe
deposit
box
activities.
EBC's
two
banking
subsidiaries
(the
Banks)
are
subject
to
a
variety
of
regulations
concerning
the
maintenance
of
reserves
against
deposits,
limitations
on
the
rates
that
can
be
charged
on
loans
or
paid
on
deposits,
branching,
restrictions
on
the
nature
and
amounts
of
loans
and
investments
that
can
be
made
and
limits
on
daylight
overdrafts.
The
Banks
are
regulated
by
the
Federal
Deposit
Insurance
Corporation. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Eufaula
BancCorp
is
a
bank
holding
company
for
Southern
Bank
of
Commerce
in
Eufaula,
AL,
and
First
American
Bank
of
Walton
County
in
FL.
For
the
six
months
ended
6/30/01,
total
interest
income
fell
15%
to
$9.8
million.
Net
interest
income
after
loan
loss
provision
fell
9%
to
$4.8
million.
Net
income
rose
9%
to
$1.3
million.
Results
reflect
lower
earning
asset
balances
due
to
the
sale
of
two
branch
locations,
offset
by
higher
securities
gains
and
lower
personnel
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| James Balkom, Jr., 56 Chairman | -- | Greg Faison, 53 Pres,
CEO, Director | $209K | 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
|
|