| Business Summary | | National
Bankshares
Inc.
is
a
bank
holding
company.
Except
for
a
separate
investment
portfolio,
Bankshares
conducts
all
of
its
business
operations
through
its
two
wholly
owned
subsidiaries,
The
National
Bank
of
Blacksburg
(NBB)
and
Bank
of
Tazewell
County
(BTC).
NBB
operates
a
full-service
banking
business
from
its
headquarters
in
Blacksburg,
Virginia,
and
its
12
area
branch
offices.
NBB
offers
general
retail
and
commercial
banking
services
to
individuals,
businesses,
local
government
units
and
institutional
customers.
NBB's
primary
market
area
consists
of
the
northern
portion
of
Montgomery
County,
all
of
Giles
County,
the
City
of
Galax
and
adjacent
portions
of
Carroll
and
Grayson
Counties,
Virginia.
Most
of
BTC's
business
originates
from
Tazewell
County,
Virginia,
and
Mercer
County,
West
Virginia.
BTC
provides
general
retail
and
commercial
banking
services
to
individuals,
businesses
and
local
government
units.
These
services
include
commercial,
real
estate
and
consumer
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | National
Bankshares,
Inc.
is
a
bank
holding
company
with
two
wholly
owned
subsidiaries,
The
National
Bank
of
Blacksburg
and
Bank
of
Tazewell
County.
For
the
six
months
ended
6/30/01,
interest
income
rose
27%
to
$23.1
million.
Net
interest
income
after
LLP
rose
10%
to
$10.2
million.
Net
income
fell1
11%
to
$3.3
million.
Interest
income
reflects
an
increase
in
average
interest
earning
assets,
partially
offset
by
lower
interest
margins.
Earnings
were
offset
by
higher
salaries. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| James Rakes, 56 Chairman,
Pres, CEO | $306K | J. Robert Buchanan, 49 Treasurer | -- | Marilyn Buhyoff, 52 Sec.,
Gen. Counsel | -- | F. Brad Denardo, 48 Corp.
Officer | 106K | 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
|
|