| Business Summary | | Resource
Bankshares
Corporation
is
the
holding
company
of
Resource
Bank
(the
Bank).
The
Company,
through
the
Bank,
provides
a
broad
range
of
lending
and
deposit
services
to
individual
and
commercial
customers,
with
an
emphasis
on
those
services
traditionally
associated
with
independent
community
banks.
These
services
include
checking
and
savings
accounts,
certificates
of
deposit
and
charge
cards.
The
Company's
lending
activities
include
commercial
and
personal
loans,
lines
of
credit,
installment
loans,
home
improvement
loans,
overdraft
protection,
construction
loans
and
other
commercial
finance
transactions.
The
Company
also
operates
a
mortgage
company
that
originates
residential
mortgage
loans
and
subsequently
sells
them
to
investors.
The
Company
markets
its
services
to
consumers
and
small
to
medium-sized
businesses
throughout
Virginia. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | RBKV
is
a
bank
holding
company
for
Resource
Bank
with
offices
in
Virginia
Beach,
Richmond
and
Northern
Virginia.
For
the
six
months
ended
6/01,
total
interest
income
rose
24%
to
$16
million.
Net
interest
income
after
loan
loss
prov.
rose
11%
to
$4.9
million.
Net
income
rose
25%
to
$2
million.
Net
interest
income
reflects
growth
in
interest
earning
assets,
partially
offset
by
a
higher
cost
of
funds.
Net
income
reflects
an
increase
in
service
charges
and
fees. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Lawrence Smith, 63 Pres,
CEO | $501K | -- | Eleanor Whitehurst CFO,
Sr. VP | 125K | $16K | T. Grell, Jr., 52 Exec.
VP of the Company and Pres and COO of the Bank | 401K | -- | Debra Dyckman Sr.
VP, Sec. of the Company and the Bank | 168K | -- | Harvard Birdsong, ll Sr.
VP | 178K | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|