| Business Summary | | Fauquier
Bankshares,
Inc.
is
a
bank
holding
company
that
owns
all
of
the
voting
shares
of
The
Fauquier
Bank
(TFB).
The
Company
engages
in
its
business
through
TFB,
a
state-chartered
bank.
The
Company
has
no
significant
operations
other
than
owning
the
stock
of
TFB.
TFB
provides
a
range
of
consumer
and
commercial
banking
services
to
individuals,
businesses
and
industries.
The
deposits
of
TFB
are
insured
up
to
applicable
limits
by
the
Bank
Insurance
Fund
of
the
Federal
Deposit
Insurance
Corporation.
The
revenues
of
TFB
are
primarily
derived
from
interest
on,
and
fees
received
in
connection
with,
real
estate
and
other
loans,
as
well
as
from
interest
and
dividends
from
investment
and
mortgage-backed
securities
and
short-term
investments. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FBSS
is
a
registered
bank
holding
company
and
owns
all
of
the
voting
shares
of
The
Fauquier
Bank,
a
Virginia
state-chartered
bank.
For
the
six
months
ended
6/30/01,
interest
income
rose
13%
to
$9.8
million.
Net
interest
income
after
loan
loss
prov.
rose
6%
to
$5.9
million.
Net
income
rose
31%
to
$1.9
million.
Net
interest
income
reflects
increased
loan
originations,
partially
offset
by
higher
interest
expense.
Earnings
reflect
a
$542
thousand
non-loan
chargeoff
recovery. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| C. Hunton Tiffany, 61 Chairman
and Pres | $252K | Eric Graap, 48 CFO,
Sr. VP | -- | Randy Ferrell, 50 Exec.
VP | 138K | Rosanne Gorkowki, 55 Sr.
VP- HR and Admin. | -- | Gary Shook, 40 Sr.
VP | 132K | 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
|
|