| Business Summary | | Cascade
Financial
Corporation
was
organized
for
the
purpose
of
becoming
the
holding
company
for
Cascade
Bank.
Cascade
Financial
serves
its
customers
from
14
full
service
offices,
10
in
Snohomish
County,
3
in
King
County
and
one
in
Skagit
County,
in
Washington
State.
Cascade
Financial
serves
the
financial
services
needs
of
the
diverse
geographic
communities
in
which
it
operates.
Cascade
Financial
has
two
subsidiaries:
Cascade
Bank
and
Cascade
Capital
Trust
I.
Cascade
Bank,
a
full
service
community
bank,
offers
a
wide
range
of
products
and
services.
Cascade
Capital
Trust
I
was
formed
for
the
exclusive
purpose
of
issuing
capital
securities
and
common
securities
and
using
the
proceeds
to
acquire
junior
subordinated
debentures
issued
by
Cascade
Financial. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Cascade
Financial
Corp.
is
a
bank
holding
company
for
Cascade
Savings
Bank.
For
the
nine
months
ended
3/31/01,
total
interest
income
rose
20%
to
$42.6
million.
Net
interest
income
after
loan
loss
provision
rose
2%
to
$13.7
million.
Net
income
rose
16%
to
$3.3
million.
Net
interest
income
after
LLP
reflects
an
increase
in
interest
earning
assets.
Net
income
also
reflects
an
increase
in
customer
service
fees
and
a
$155
thousand
gain
on
the
sale
of
available
for
sale
securities. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
after
tax
earnings
were
1,268. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Frank McCord, 70 Chairman
and CEO | $194K | $25K | C. Fredrick Safstrom, 46 Pres,
COO | 148K | 36K | David Duce, 40 Vice
Chairman | -- | -- | Dennis Murphy, 58 Vice
Chairman | -- | -- | Lars Johnson, 46 Exec.
VP, CFO, Sec., Treasurer | -- | -- | Dollar
amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|