| Business Summary | | Bancorp
Connecticut
Inc.
operates
principally
as
the
bank
holding
company
of
Southington
Savings
Bank
(the
Bank).
The
Bank's
principal
business
consists
of
attracting
and
accepting
deposits
from
the
general
public
and
investing
those
deposits,
together
with
funds
generated
by
fees
and
other
income,
in
various
types
of
loans
and
investments,
including
commercial
loans,
residential
loans,
consumer
loans
and
securities.
The
Bank's
services
include
checking
accounts,
NOW
accounts,
regular
savings
accounts,
money
market
accounts,
individual
retirement
accounts,
savings
certificates,
commercial
demand
deposit
accounts,
residential
real
estate
loans,
home
equity
loans
and
lines
of
credit,
consumer
loans,
secured
and
unsecured
commercial
loans
and
lines
of
credit,
letters
of
credit,
credit
card
and
debit
card
services,
Internet
banking
(including
bill-paying
services)
and
cash
management
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | BKCT
is
a
bank
holding
company
for
Southington
Savings
Bank.
The
Bank
is
a
Connecticut
chartered
capital
stock
savings
bank.
For
the
six
months
ended
6/30/01,
interest
income
increased
5%
to
$22.4
million.
Net
interest
income
after
LLP
increased
3%
to
$10.4
million.
Net
income
increased
7%
to
$4.5
million.
Net
interest
income
reflect
higher
interest
earning
assets,
partially
offset
by
higher
interest
paid
on
deposits.
Earnings
reflect
higher
service
charge
income. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Morton, 60 Chairman,
Pres, CEO | $305K | Phillip Mucha, 53 CFO,
Treasurer, Sec. of the Company & Sr. VP & Treasurer of the Bank | 154K | 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
|
|