| Business Summary | | Princeton
National
Bancorp,
Inc.
is
a
single-bank
holding
company
that
conducts
a
full-service
commercial
banking
and
trust
business
through
its
subsidiary
bank,
Citizens
First
National
Bank
(the
Bank).
Citizens
Bank
has
15
offices
in
11
different
communities
in
north
central
Illinois.
Offices
are
located
in
Princeton,
DePue,
Genoa,
Hampshire,
Henry,
Huntley,
Minooka,
Oglesby,
Peru,
Sandwich
and
Spring
Valley.
Citizens
Bank's
services
consist
primarily
of
commercial,
real
estate
and
agricultural
lending,
consumer
deposit
and
financial
services,
and
trust
and
farm
management
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PNBC
is
the
bank
holding
company
for
Citizens
First
National
Bank.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
9%
to
$18.9
million.
Net
interest
income
after
loan
loss
provision
increased
10%
to
$9.3
million.
Net
income
decreased
50%
to
$2.8
million.
Total
interest
income
reflect
an
increase
in
interest-earning
assets.
Interest
income
after
LLP
reflect
a
lower
provision
for
loan
loss.
Earnings
were
offset
by
the
absence
of
a
trust
litigation
settlement. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Tony Sorcic, 47 Pres,
CEO, Director | $264K | James Miller, 45 Exec.
VP, Director | 156K | 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
|
|