| Business Summary | | Farmers
National
BancCorp
is
a
one-bank
holding
company
for
its
only
subsidiary,
the
Farmers
National
Bank
of
Canfield
(the
Bank).
The
Bank
is
a
full-service
national
bank
engaged
in
commercial
and
retail
banking
in
Mahoning,
Trumbull
and
Columbiana
Counties
in
Ohio.
The
Bank's
commercial
banking
services
include
checking
accounts,
savings
accounts,
time
deposit
accounts,
commercial,
mortgage
and
installment
loans,
home
equity
loans,
home
equity
lines
of
credit,
night
depository,
safe
deposit
boxes,
money
orders,
bank
checks,
automated
teller
machines
and
travelers
checks,
"E"
Bond
transactions,
utility
bill
payments,
MasterCard
and
Visa
credit
cards,
brokerage
services
and
other
miscellaneous
services
normally
offered
by
commercial
banks. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FMNB,
through
its
wholly
owned
subsidiary,
The
Farmers
National
Bank
of
Canfield,
operates
under
a
national
bank
charter
and
provides
full
banking
services.
For
the
six
months
ended
6/30/01,
interest
income
rose
2%
to
$23.1
million.
Net
interest
income
increased
1%
to
$11.7
million.
Net
income
rose
22%
to
$3.6
million.
Net
interest
income
reflects
loan
growth,
partially
offset
by
higher
interest
costs.
Earnings
benefitted
from
decreased
salaries
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Stewart, 71 Chairman | -- | Frank Paden, 49 Pres,
CEO, Sec., Director | $145K | Richard Calvin, 74 Vice
Chairman | -- | Carl Culp, 37 Exec.
VP, Treasurer | -- | Donald Lukas, 54 Sr.
VP | -- | 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
|
|