| Business Summary | | Annapolis
Bancorp,
Inc.,
formerly
known
as
Annapolis
National
Bancorp,
Inc.,
is
a
bank
holding
company
for
BankAnnapolis
(the
Bank),
which
currently
operates
as
a
full-service
commercial
bank.
The
Bank's
principal
business
consists
of
originating
loans
and
attracting
deposits.
The
Bank
originates
commercial
loans,
commercial
real
estate
loans,
construction
loans,
one-
to
four-family
real
estate
loans,
home
equity
and
consumer
loans.
The
Bank
also
invests
in
United
States
Treasury
and
United
States
Government
agency
securities,
as
well
as
other
securities
issued
by
or
guaranteed
by
the
federal
government. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Annapolis
Bancorp,
Inc.
is
a
holding
company
for
Annapolis
National
Bank.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
11%
to
$5.6
million.
Net
interest
income
after
loan
loss
prov.
rose
2%
to
$3.2
million.
Net
income
fell
44%
to
$200
thousand.
Net
interest
income
reflects
increased
loan
volume,
partially
offset
by
higher
interest
on
deposits.
Lower
income
reflects
an
increase
in
personnel
expenses
and
increased
marketing
efforts. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Richard Lerner, 41 Chairman,
Pres, CEO | $53K | Margaret Faison, 43 CFO,
Treasurer | 108K | Robert Kendrick III, 55 Sr.
VP, CCO | 109K | Mark Anders, 46 Pres
and CEO of the Bank | 174K | Richard Brown, 50 Sr.
VP and Customer Devel. Group Mang. of the Bank | -- | 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
|
|