| Business Summary | | Community
Bankshares,
Inc.
(CBI)
is
a
bank
holding
company.
CBI
owns
three
banking
subsidiaries:
Orangeburg
National
Bank
(ONB),
Sumter
National
Bank
(SNB)
and
Florence
National
Bank
(FNB).
The
Company,
through
its
subsidiaries,
ONB,
SNB
and
FNB,
provides
a
broad
range
of
financial
services
to
individuals
and
companies
in
central
South
Carolina.
These
services
include
demand,
time
and
savings
deposits;
lending
services;
automated
teller
machine
processing,
and
similar
financial
services.
The
Company's
primary
customer
markets
are
consumers
and
small
businesses.
The
Company
also
provides
item
and
data
processing
and
other
technical
services
for
its
banking
subsidiaries.
ONB
is
a
national
banking
association
that
operates
two
offices
in
Orangeburg,
South
Carolina,
SNB
operates
one
office
in
Sumter,
South
Carolina
and
FNB
operates
one
office
in
Florence,
South
Carolina.
The
Banks
provide
commercial
banking
services
in
their
respective
communities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SCB
is
a
bank
holding
company
for
Orangeburg
National
Bank,
Sumter
National
Bank
and
Florence
National
Bank.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
15%
to
$10.9
million.
Net
interest
income
after
loan
loss
prov.
rose
9%
to
$5.1
million.
Net
income
rose
24%
to
$1.8
million.
Net
interest
income
reflects
increased
interest
earning
assets,
partially
offset
by
higher
interest
paid
on
borrowings.
Earnings
reflect
higher
service
income. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| E. Ayers, Jr., 68 Chairman
of Directors and CEO | $94K | William Traynham, 45 Pres,
CFO | 168K | 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
|
|