| Business Summary | | Pointe
Financial
Corp.
is
a
bank
holding
company
whose
fundamental
business
consists
of
operating
its
commercial
bank
subsidiary,
Pointe
Bank,
a
state
chartered
commercial
bank.
The
Company's
principal
business,
conducted
through
the
Bank,
is
making
commercial,
consumer
and
real
estate
loans.
Attracting
deposits
from
the
general
public,
along
with
utilizing
Federal
Home
Loan
Bank
advances
and
other
borrowings,
are
the
primary
sources
of
funds
used
to
make
these
loans,
and
to
a
lesser
extent,
purchase
security
investments.
The
Bank
conducts
business
through
its
five
full-service
facilities
located
in
Palm
Beach,
Broward
and
Miami-Dade
counties,
in
Florida.
The
Company
derives
revenues
principally
from
interest
income
earned
on
loans
and
securities,
fee
income
associated
with
loans
serviced
and
originated,
service
charges
on
depository
accounts
and
the
sale
of
assets
designated
as
available
for
sale. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PNTE
is
a
bank
holding
company
for
Pointe
Bank,
a
Florida
state
chartered
commercial
bank.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
19%
to
$10.5
million.
Net
interest
income
after
loan
loss
prov.
rose
14%
to
$4.7
million.
Net
income
before
extraordinary
item
rose
15%
to
$816
thousand.
Net
interest
income
reflects
the
increase
in
interest-earning
assets,
partially
offset
by
a
lower
net
spread.
Earnings
benefited
from
increased
service
charges
and
securities
gains. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| R. Carl Palmer, Jr., 60 Chairman,
Pres, CEO | $261K | Timothy McGinn, 52 Vice
Chairman | -- | Bradley Meredith, 47 CFO,
Sr. VP | 129K | Beverly Chambers, 50 Sr.
VP | 78K | 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
|
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