| Business Summary | | 1st
State
Bancorp,
Inc.
is
the
holding
company
of
1st
State
Bank,
which
is
engaged
in
the
business
of
directing,
planning
and
coordinating
the
business
activities
of
1st
State
Bank
in
North
Carolina.
As
of
June
30,
2000,
the
Company
had
total
assets
of
$354
million,
deposits
of
$243.8
million,
and
loans
receivable
of
$222.6
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FSBC
is
the
holding
company
for
1st
State
Bank,
which
engaged
in
the
business
of
directing,
coordinating
and
planning
the
business
activities
of
1st
State
Bank
in
NC.
For
the
nine
months
ended
6/30/01,
total
interest
income
rose
3%
to
$18.8
million.
Net
interest
income
after
loan
loss
prov.
fell
6%
to
$9
million.
Net
income
fell
12%
to
$2.6
million.
Net
interest
income
after
LLP
reflects
an
increase
in
average
deposits.
Net
income
also
reflects
higher
personnel
and
depreciation
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Richard Keziah, 68 Chairman | -- | James McGill, 59 Pres,
CEO, Director | $1.4M | Fairfax Reynolds, 47 VP,
Assistant Sec. | 750K | A. Christine Baker, 47 Sec.,
Treasurer of the Company and the Bank and Exec. | 747K | Frank Gavigan, 42 Sr.
VP - Sr. Credit Officer of the Bank | 228K | Dollar amounts are as of 30-Sep-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
|
|