| Business Summary | | Monroe
Bancorp
is
a
one-bank
holding
company.
The
Company
holds
all
of
the
outstanding
stock
of
Monroe
County
Bank
(the
Bank),
which
is
the
primary
business
activity
of
the
Company.
The
Bank,
with
its
primary
office
located
in
Bloomington,
Indiana,
conducts
business
from
14
locations
in
Monroe,
Jackson
and
Lawrence
Counties,
Indiana.
The
Bank
is
a
traditional
community
bank
that
provides
a
variety
of
financial
services
to
its
customers.
These
include
accepting
deposits;
making
commercial,
mortgage
and
installment
loans;
originating
fixed-rate
residential
mortgage
loans
for
sale
into
the
secondary
market;
providing
personal
and
corporate
trust
services;
providing
investment
advisory
and
brokerage
services,
and
providing
fixed
annuities
and
other
insurance
products.
The
majority
of
the
Bank's
revenue
is
derived
from
interest
and
fees
on
loans
and
investments,
and
the
majority
of
its
expense
is
interest
paid
on
deposits
and
general
and
administrative
expenses
related
to
its
business. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Monroe
Bancorp
is
a
bank
holding
company
for
the
Monroe
County
Bank
which
has
15
locations.
For
the
six
months
ended
6/30/01,
total
interest
income
increased
5%
to
$16
million.
Net
interest
income
after
loan
provision
rose
6%
to
$7.8
million.
Net
income
rose
13%
to
$3
million.
Net
interest
income
reflects
an
increase
in
the
average
balance
of
loans
coupled
with
a
lower
loan
loss
provision.
Net
income
reflects
increased
income
from
trust
fees
and
higher
gains
from
loan
sales. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| David Baer, 67 Chairman | -- | Mark Bradford, 43 Pres,
CEO, Director | $166K | Gordon Dyott, 47 VP | 128K | R. Scott Walters, 48 Sec. | 114K | 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
|
|