| Business Summary | | Salisbury
Bancorp,
Inc.
is
the
holding
company
for
its
sole
subsidiary,
the
Salisbury
Bank
and
Trust
Company
(the
Bank),
which
accounts
for
most
of
the
Company's
net
income.
The
Bank
is
a
full-service
commercial
bank
and
its
activities
encompass
a
broad
range
of
services
that
includes
a
complete
menu
of
deposit
services,
multiple
mortgage
products
and
various
other
types
of
loans
for
both
business
and
personal
needs.
Full
trust
services
are
also
available.
The
Bank
owns
and
operates
one
subsidiary,
SBT
Realty,
Inc.,
which
holds
and
manages
Bank-owned
real
estate
in
New
York
State.
Lending
is
the
principal
business
of
the
Bank
and
loans
represent
the
largest
portion
of
its
assets.
The
portfolio
consists
of
many
types
of
loans.
These
include
residential
mortgages,
home
equity
lines
of
credit,
monthly
installment
loans
for
consumers
and
commercial
loans,
comprised
of
lines
of
credit,
short-term
loans,
Small
Business
Administration
loans
and
real
estate
loans
for
business
customers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Salisbury
Bancorp,
Inc.
is
a
bank
holding
company
for
Salisbury
Bank
and
Trust
Company,
a
state-chartered
full-service
commercial
bank.
For
the
six
months
ended
6/30/01,
interest
income
increased
6%
to
$8.5
million.
Net
interest
income
after
loan
loss
provision
rose
3%
to
$4.2
million.
Net
income
increased
2%
to
$1.4
million.
Net
interest
income
reflects
loan
growth,
partially
offset
by
higher
interest
costs.
Earnings
also
reflect
increased
salaries. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Blum, 71 Chairman | -- | John Perotti, 54 Pres,
CEO | $215K | John Foley, 50 CFO | -- | Craig Toensing, 63 Sec. | 164K | 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
|
|