| Business Summary | | CNB
Florida
Bancshares,
Inc.
is
a
one-bank
holding
company
for
CNB
National
Bank
(the
Bank).
The
Bank
provides
traditional
deposit,
lending
and
mortgage
products
and
services
to
its
commercial
and
retail
customers
through
12
full-service
branches
located
within
contiguous
counties
in
Northeast
Florida,
including
Alachua,
Baker,
Bradford,
Columbia,
Duval,
Suwannee
and
Union
County.
As
of
December
31,
2000,
the
Company
had
total
assets
of
$467.6
million,
total
loans
of
$380.8
million,
total
deposits
of
$367.7
million
and
total
shareholders'
equity
of
$44.6
million.
Net
income
for
the
years
ended
December
31,
2000,
1999
and
1998
was
$2.5
million,
$2.9
million
and
$2.7
million,
respectively.
The
Company
offers
various
deposit
products
and
services
to
its
customers,
including
commercial
and
retail
checking
accounts,
specialized
low-cost
checking
for
customers
that
write
few
checks
per
month,
money
market
accounts
for
consumers
and
commercial
customers,
NOW
accounts
and
savings
accounts. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CNBB
is
a
bank
holding
company
for
CNB
National
Bank,
operating
12
banking
offices
in
seven
counties
in
FL.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
35%
to
$19.7
million.
Net
interest
income
after
loan
loss
provision
rose
14%
to
$8.9
million.
Net
income
rose
17%
to
$1.5
million.
Net
interest
income
reflects
a
higher
loan
portfolio,
partially
offset
by
higher
interest
on
short
term
borrowings.
Net
income
reflects
increased
fees
and
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| K. Trowell, 62 Chairman
of Directors and CEO of the Company and the Bank | $413K | $125K | G. Thomas Frankland, 54 CFO,
Exec. VP | 306K | -- | Bennett Brown, 54 Exec.
VP of the Company and Pres and Chief Operating Oficer of the Bank | 299K | -- | Martha Tucker, 50 Sr.
VP, Controller of the Company and the Bank | -- | -- | Suzanne Norris, 37 Sr.
VP, Sr. Credit Administrator | -- | -- | 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
|
|