| Business Summary | | Atlantic
BancGroup,
Inc.
serves
as
a
bank
holding
company
for
Oceanside
Bank,
a
state-chartered
commercial
bank
that
operates
as
a
community
bank
in
its
primary
service
area,
providing
general
commercial
banking
services
to
businesses
and
individuals
in
the
community
it
serves.
The
principal
business
of
Oceanside
is
to
receive
demand
and
time
deposits
from
the
public
and
to
make
loans
and
other
investments.
The
principal
sources
of
funds
for
Oceanside's
loans
and
other
investments
are
demand,
time,
savings
and
other
deposits,
amortization
and
prepayment
of
loans,
sales
to
other
lenders
or
institutions
of
loans
or
participations
in
loans
and
fees
received
from
other
lenders
or
institutions
for
servicing
loans
sold
to
such
lenders
or
institutions
and
borrowings. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Atlantic
BancGroup,
Inc.
is
a
bank
holding
company
for
Oceanside
Bank,
a
state
chartered
bank
with
two
offices
in
Florida.
For
the
three
months
ended
3/31/01,
total
interest
income
rose
34%
to
$1.5
million.
Net
interest
income
after
loan
loss
provision
rose
21%
to
$804
thousand.
Net
income
rose
from
$35
thousand
to
$172
thousand.
Results
reflect
growth
in
average
earning
assets
and
an
increase
in
fees
and
other
income
from
Oceanside's
mortgage
banking
operations. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Donald Glisson, Jr., 41 Chairman | -- | Barry Chandler, 49 Pres,
CEO, Director | $123K | David Young, 55 Exec.
VP, CFO | -- | 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
|
|