| Business Summary | | Patriot
Bank
Corp.
is
the
holding
company
for
Patriot
Bank
(the
Bank)
and
Patriot
Investment
Company
(PIC).
The
Bank
conducts
business
through
its
network
of
18
community-banking
offices
located
in
Montgomery,
Berks,
Lehigh,
Northampton
and
Chester
Counties,
Pennsylvania.
The
Bank
is
a
community-oriented
financial
services
provider
whose
business
primarily
consists
of
attracting
deposits
from
the
general
public
and
small
businesses,
as
well
as
originating
commercial
loans
and
leases,
consumer
loans
and
mortgage
loans
in
the
Bank's
market
area.
PIC's
primary
business
consists
of
maintaining
an
investment
portfolio.
The
Company's
market
consists
primarily
of
Montgomery,
Berks,
Lehigh,
Northampton,
and
Chester
counties,
Pennsylvania.
The
segment
of
the
markets
served
by
the
Company
is
primarily
industrially
oriented
and
demographically
is
comprised
of
middle-income
and
upper-income
households. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Patriot
Bank
Corp.
is
a
holding
company
for
Patriot
Bank
and
Patriot
Investment
Company.
For
the
six
months
ended
6/30/01,
total
interest
income
decreased
5%
to
$39.8
million.
Net
interest
income
after
loan
loss
provision
decreased
10%
to
$10.4
million.
Net
income
before
acct.
change
rose
10%
to
$3.1
million.
Net
interest
income
reflect
the
decrease
in
interest-earning
assets,
and
higher
interest
on
deposits.
Earnings
benefited
from
lower
personnel
and
office
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| James Elliott, 60 Chairman | -- | Richard Elko, 40 Pres,
CEO, Director | $227K | James Blume, 35 CFO,
Sr. VP | 115K | Joni Naugle, 42 COO,
Exec. VP | 179K | Kevin Pyle, 34 Exec.
VP and CLO | 161K | 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
|
|