| Business Summary | | Cowlitz
Bancorporation
is
the
holding
company
for
Cowlitz
Bank,
a
state-chartered
bank.
Through
the
Bank,
the
Company
offers
or
makes
available
a
broad
range
of
financial
services
to
its
customers,
primarily
small
and
medium-sized
businesses,
professionals
and
retail
customers.
The
Bank's
commercial
and
personal
banking
services
include
commercial
and
real
estate
lending,
consumer
lending,
mortgage
origination
and
trust
services.
The
Company
also
provides
asset-based
lending
services
to
companies
throughout
the
Western
United
States
through
its
subsidiary,
Business
Finance
Corporation.
The
Company's
primary
market
areas,
from
which
it
accepts
deposits
and
makes
loans,
is
Cowlitz
County,
Southwest
Washington,
King
County,
Washington,
the
Portland
metropolitan
area
in
Oregon,
and
the
surrounding
counties
in
Washington
and
Northwest
Oregon. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CWLZ
is
a
bank
holding
company
for
The
Cowlitz
Bank,
a
WA
state-chartered
commerical
bank
in
Cowlitz
County.
For
the
six
months
ended
6/30/01,
interest
income
rose
55%
to
$16.8
million.
Net
interest
income
after
loan
loss
prov.
rose
48%
to
$9.4
million.
Net
income
totaled
$873
thousand
up
from
$28
thousand.
Net
interest
income
reflects
the
purchase
of
NBOC
and
asset
growth,
partially
offset
by
lower
interest
spread.
Earnings
benefitted
from
the
income
of
mortgage
lending
activities. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Benjamin Namatinia, 57 Chairman
and CEO | $244K | 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
|
|