| Business Summary | | Central
Virginia
Bankshares,
Inc.
is
a
holding
company
that,
through
its
subsidiary,
Central
Virginia
Bank
(the
Bank),
provides
a
variety
of
financial
services
to
individuals
and
corporate
customers
through
its
six
branches
located
in
the
Virginia
counties
of
Powhatan,
Chesterfield
and
Cumberland.
The
Bank's
primary
deposit
products
are
checking
accounts,
savings
accounts
and
certificates
of
deposit.
Its
primary
lending
products
are
residential
mortgage,
construction,
installment
and
commercial
business
loans.
Central
Virginia
Bank's
subsidiary,
CVB
Title
Services,
Inc.,
was
organized
for
the
primary
purpose
of
owning
membership
interests
in
two
insurance-related
limited
liability
companies. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Central
Virginia
Bankshares
is
a
one
bank
holding
company
for
Central
Virginia
Bank.
For
the
six
months
ended
6/30/01,
interest
income
increased
2%
to
$7.8
million.
Net
interest
income
after
loan
loss
provision
fell
6%
to
$3.6
million.
Net
income
decreased
5%
to
$913
thousand.
Net
interest
income
reflects
an
increase
in
average
earning
assets,
offset
by
higher
interest
on
deposits.
Lower
earnings
were
partially
offset
by
a
gain
on
the
sale
of
securities. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Larus, 72 Chairman
of CVB and the Bank | -- | Ralph Lyons, 52 Pres,
CEO of CVB and the Bank, Director | $173K | Charles Catlett III, 52 Sr.
VP, CFO | -- | Joseph Keesee, 61 Sr.
VP, Sr. Loan Officer | -- | Jodie Cocke, 40 VP,
Construction Lending Officer | -- | 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
|
|