| Business Summary | | National
Bancshares
Corporation
of
Texas
is
a
one-bank
holding
company
that
conducts
its
banking
operations
through
12
locations
that
were
owned
by
three
separately
chartered
banks:
NBC
Bank-Laredo,
N.A.,
Laredo,
Texas,
(NBC-Laredo),
NBC
Bank,
N.A.,
Eagle
Pass,
Texas
(NBC-Eagle
Pass)
and
NBC
Bank,
Rockdale,
Texas
(NBC-Rockdale).
On
October
1,
2000,
NBC
Bank-Centra,
N.A.
(Luling)
was
merged
into
NBC-Eagle
Pass.
On
March
31,
2001,
NBC-Laredo
and
NBC-Rockdale
were
merged
into
NBC-Eagle
Pass
(the
Bank).
The
Company
operates
its
data
and
item
processing
for
the
Bank
through
NBC
Holdings-Texas,
Inc.,
a
wholly
owned
subsidiary
of
NBT
of
Delaware,
Inc.,
which
is
a
wholly
owned
subsidiary
of
the
Company.
The
Company
also
operates
a
broker-dealer
subsidiary,
NBC
Financial,
Inc.,
a
wholly
owned
subsidiary
of
NBT
Securities
Holdings,
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | National
Bancshares
of
Texas
is
a
bank
holding
co.
that
operates
through
12
locations
in
Central
Texas
and
the
Texas-Mexico
border.
For
the
six
months
ended
6/01,
total
interest
income
rose
6%
to
$20.4
million.
Net
interest
income
after
loan
loss
provision
rose
7%
to
$10.6
million.
Net
income
rose
20%
to
$2.8
million.
Net
interest
income
reflects
an
increase
in
interest
earning
assets
and
a
lower
loan
loss
provision.
Net
income
benefited
from
an
increase
in
service
charges
and
fees. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Jay Lustig, 45 Chairman | $90K | Marvin Melson, 64 Pres,
Sec., CEO, Director | 210K | Anne Renfroe, 35 CFO | -- | Morris Weiss, 40 Sr.
VP, Gen. Counsel | -- | Dollar amounts are as of 31-Dec-1999 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
|
|