| Business Summary | | Imperial
Credit
Industries
Inc.
primarily
conducts
its
business
activities
through
its
commercial
banking
subsidiary,
Southern
Pacific
Bank
(SPB).
The
Company's
core
business
is
commercial
lending
to
corporate
borrowers
that
include
lines
of
credit,
term
loans,
leases,
as
well
as
real
estate
loans
on
commercial
properties.
The
Company
groups
its
core
business
segments
into
four
broad
categories
including
Business
Finance
Lending,
which
consists
of
Coast
Business
Credit,
Imperial
Warehouse
Finance,
Inc.,
Loan
Participation
and
Investment
Group,
The
Lewis
Horwitz
Organization
and
Imperial
Business
Credit,
Inc.;
Multifamily
and
Commercial
Mortgage
Lending,
which
consists
of
Income
Property
Lending
Division;
Asset
Management
Activities,
which
consists
of
Imperial
Credit
Asset
Management,
Inc.
and
Imperial
Credit
Commercial
Asset
Management
Corporation;
and
Investment
Banking
and
Brokerage
Services,
which
consists
of
Imperial
Capital
Group,
LLC. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ICII
is
a
commercial
lending,
financial
services
and
investment
holding
company.
For
the
three
months
ended
3/31/01,
total
interest
income
fell
9%
to
$48.6
million.
Net
interest
income
after
loan
loss
prov.
totaled
$10
million
vs.
an
interest
loss
of
$2.9
million.
Net
loss
from
continuing
operations
and
before
extraordinary
item
fell
99%
to
$106
thousand.
Net
interest
income
reflect
lower
interest-earning
assets,
and
lower
loan
loss
provision.
Lower
losses
reflect
the
absence
of
acquisition
costs. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
43,437;
after
tax
earnings
were
-36,702. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Michael Riley Chairman | -- | Michael McGuire, 55 Pres,
CEO, Director | -- | Brad Plantiko, 45 Exec.
VP, CFO | $650K | Paul Lasiter, 34 Sr.
VP and Controller | -- | Irwin Gubman, 58 Gen.
Counsel and Sec. | 566K | 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
|
|