| Business Summary | | ABC
Bancorp
is
a
bank
holding
company
that
provides,
through
its
commercial
bank
subsidiaries
(the
Banks),
banking
services
to
individuals
and
businesses
in
southwestern
and
south-central
Georgia
and
southeastern
Alabama.
The
Company's
primary
business
as
a
bank
holding
company
is
to
manage
the
business
and
affairs
of
the
Banks,
which
include
the
American
Banking
Company,
Heritage
Community
Bank,
Bank
of
Thomas
County,
Citizens
Security
Bank,
Cairo
Banking
Company,
Southland
Bank,
Central
Bank
&
Trust
Company,
First
National
Bank
of
South
Albany
and
Dougherty
County,
Georgia
and
Merchants
&
Farmers
Bank.
The
Banks
provide
a
broad
range
of
retail
and
commercial
banking
services
to
its
customers.
The
Company
maintains
a
diversified
loan
portfolio
and
makes
no
foreign
or
energy-related
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ABC
Bancorp,
a
bank
holding
Co.
with
its
subsidiaries,
provides
banking
services
to
individuals
and
businesses
in
parts
of
GA
and
AL.
For
the
three
months
ended
3/31/01,
interest
income
rose
10%
to
$17.8
million.
Net
interest
income
after
loan
loss
provision
fell
2%
to
$9.1
million.
Net
income
fell
4%
to
$2.3
million.
Net
interest
income
reflects
an
increase
in
interest
earning
assets.
Net
income
was
offset
by
increased
salaries
and
employee
benefits. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
after
tax
earnings
were
2,190. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Kenneth Hunnicutt, 64 Chairman,
CEO | $751K | Mark Thomas, 47 Pres,
COO, Director | 306K | W. Edwin Lane, Jr., 46 Exec.
VP, CFO | 177K | 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
|
|