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Profile - Cooperative Bankshares (NasdaqNM:COOP)
As of 31-Aug-2001
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Location
201 Market Street
Wilmington, NC 28401
Phone: (910) 343-0181
Fax: (910) 251-1652
Email: coop@coop-bank.com
Employees (last reported count): 118
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: S&Ls/Savings Banks
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 18%
·Over the last 6 months:
 · one insider sell; 2,000  shares
  (0.4% of insider shares)
·Institutional: 11% (13% of float)
(10 institutions)
·Net Inst. Buying: 10.0K shares (+3.14%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Cooperative Bankshares, Inc. is the holding company for Cooperative Bank for Savings, Inc., SSB, a state chartered savings bank. Cooperative Bank operates 16 financial centers throughout the coastal and inland communities of eastern North Carolina. Through its financial centers, the bank provides a wide range of banking products, including interest bearing and non-interest bearing checking accounts, certificates of deposit and individual retirements accounts. It offers an array of loan products: overdraft protection, commercial, consumer, agricultural, real estate, residential mortgage and home equity loans. Also offered are safe deposit boxes and automated banking services through ATMs and Access24 Phone Banking. In addition, the Bank offers discount brokerage services, annuity sales and mutual funds through a third party arrangement with UVEST Investment Services.
More from Market Guide: Expanded Business Description

Financial Summary
COOP is the holding company for Cooperative Bank for Savings, a state chartered savings bank with 16 offices in NC. For the six months ended 6/30/01, interest income rose 1% to $15.7 million. Net interest income after loan loss provision rose 3% to $5.8 million. Net income rose 32% to $1.3 million. Net interest income reflects higher average interest earning assets and a lower loan loss provision. Net income also reflects lower compensation and benefits.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

Frederick Willetts, III, 51
Chairman, Pres, CEO, Director
$240K
Todd Sammons, 39
CFO, Sr. VP
--  
O. Burrell, Jr., 52
Exec. VP, COO
135K
Dickson Bridger, 42
Sr. VP, Mortgage Lending
--  
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
Statistics at a Glance -- NasdaqNM:COOPAs of 31-Aug-2001
Price and Volume
52-Week Low
on 28-Nov-2000
$9.00 
Recent Price$11.80 
52-Week High
on 15-Feb-2001
$15.75 
Beta0.54 
Daily Volume (3-month avg)1,864 
Daily Volume (10-day avg)1,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+31.1%
52-Week Change
relative to S&P500
+75.9%
Share-Related Items
Market Capitalization$33.1M
Shares Outstanding2.81M
Float2.30M
Dividends & Splits
Annual Dividend (indicated)$0.20 
Dividend Yield1.70%
Last Split: 2 for 1 on 23-Sep-1997
Per-Share Data
Book Value (mrq)$11.38 
Earnings (ttm)$0.80 
Earnings (mrq)$0.25 
Sales (ttm)$11.35 
Cash (mrq)$2.84 
Valuation Ratios
Price/Book (mrq)1.04 
Price/Earnings (ttm)14.81 
Price/Sales (ttm)1.04 
Income Statements
Sales (ttm)$31.9M
EBITDAN/A 
Income available to common (ttm)$2.24M
Profitability
Profit Margin (ttm)7.0%
Operating Margin (ttm)36.5%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)0.53%
Return on Equity (ttm)7.23%
Financial Strength
Current RatioN/A 
Debt/EquityN/A 
Total Cash (mrq)$7.96M
Short Interest
As of 8-Aug-2001
Shares Short13.0K
Percent of Float0.6%
Shares Short
(Prior Month)
13.0K
Short Ratio13.00 
Daily Volume1,000 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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