| Business Summary | | Community
Bancorp
Inc.
is
a
bank
holding
company
for
Community
National
Bank,
(the
Bank).
The
Bank
focuses
primarily
on
providing
commercial
banking
products
and
services
to
small
and
medium-sized
businesses
in
its
primary
service
area.
As
of
December
31,
2000,
the
Company
had
approximately
$280.5
million
in
consolidated
assets,
$245.2
million
in
consolidated
net
loans,
$252.7
million
in
consolidated
deposits
and
$12.2
million
in
consolidated
equity.
The
Company's
primary
market
area
is
North
San
Diego
County,
consisting
of
the
communities
of
Fallbrook
and
Vista,
and
Southwestern
Riverside
County,
in
the
community
of
Temecula. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Community
Bancorp
Inc.,
provides
Small
Business
Administration,
construction
and
other
real
estate
based
loans.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
48%
to
$13
million.
Net
interest
income
after
loan
loss
provision
rose
38%
to
$6.2
million.
Net
income
totaled
$541
thousand,
up
from
$241
thousand.
Results
reflect
increased
average
earning
assets,
partially
offset
by
a
higher
interest
on
deposits.
Net
income
reflects
a
higher
gain
on
the
sale
of
loans. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Granger Haugh, 65 Chairman | -- | -- | Thomas Swanson, 56 Pres,
CEO | $277K | $7.5K | Corey Seale, 43 Vice
Chairman | -- | -- | L. Bruce Mills, 44 CFO,
Sr. VP, Sec. of the Company and the Bank | 160K | -- | Gary Youmans, 49 Exec.
VP of the Bank, Director | 186K | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|