| Business Summary | | Southern
Financial
Bancorp,
Inc.
(Southern
Financial)
serves
the
retail
and
commercial
financial
market
as
a
deposit
and
loan
specialist
from
19
full-service
offices
located
in
Warrenton,
Herndon,
Middleburg,
Winchester,
Leesburg,
Fairfax,
Sterling,
Woodbridge,
Manassas,
Fredericksburg
and
Springfield,
Virginia.
Southern
Financial's
defined
market
area
forms
a
semi-circle
to
the
west
of
the
metropolitan
Washington,
D.C.
area,
roughly
centered
on
Warrenton.
The
counties
included
in
the
defined
market
area
where
the
Company
operates
branches
include
Loudoun,
Fauquier,
Fairfax,
Frederick
and
Prince
William
and
the
cities
of
Fredericksburg
and
Winchester.
Other
counties
in
this
area
include
Spotsylvania,
Culpeper,
Rappahanock,
Clarke
and
the
three
counties
in
the
West
Virginia
panhandle.
The
Company's
principal
business
is
the
acquisition
of
deposits
from
the
general
public
through
its
home
and
branch
offices,
and
the
use
of
these
deposits
to
fund
its
loan
and
investment
portfolios. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Southern
Financial
Bancorp
is
the
holding
company
for
Southern
Financial
Bank,
a
state
chartered
commercial
bank.
For
the
six
months
ended
6/30/01,
total
interest
income
increased
53%
to
$25.4
million.
Net
interest
income
after
loan
loss
provision
increased
28%
to
$10.1
million.
Net
income
rose
53%
to
$3.8
million.
Net
interest
income
reflects
increased
earning
asset
balances,
partially
offset
by
a
higher
loan
loss
provision.
Earnings
reflect
higher
investment
gains. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Georgia Derrico, 56 Chairman,
CEO | $470K | $36K | R. Roderick Porter, 55 Pres,
COO | 340K | -- | Patricia Ferrick, 38 CFO,
Sr. VP | -- | -- | David De Give, 58 Sr.
VP | -- | -- | Richard Steele, 53 Sr.
VP of the Bank | 145K | -- | 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
|
|