| Business Summary | | Oneida
Financial
Corp.
was
organized
in
September
1998,
for
the
purpose
of
acquiring
all
of
the
capital
stock
of
The
Oneida
Savings
Bank
(the
Bank).
As
of
December
31,
2000,
the
Company
had
consolidated
assets
and
consolidated
stockholders'
equity
of
$319.5
million
and
$41.8
million,
respectively.
Through
the
Bank,
the
Company
has
deposits
totaling
$202.8
million.
The
Bank
is
a
community
bank
engaged
primarily
in
the
business
of
accepting
deposits
from
customers
through
its
main
office
and
four
full
service
branch
offices,
and
using
those
deposits,
together
with
funds
generated
from
operations
and
borrowing
proceeds,
to
make
one-
to
four-family
residential
and
commercial
real
estate
loans,
commercial
business
loans,
consumer
loans,
and
to
invest
in
mortgage-backed
and
other
securities.
The
Bank's
primary
lending
area
is
Madison
County,
New
York,
and
surrounding
counties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Oneida
Financial
Corp.
is
a
two
tier
mutual
holding
company
for
the
Oneida
Savings
Bank,
a
NY
chartered
bank.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
10%
to
$11.5
million.
Net
interest
income
after
loan
loss
prov.
rose
2%
to
$5.1
million.
Earnings
rose
9%
to
$1.3
million.
Net
interest
income
reflects
increased
loans,
partially
offset
by
higher
interest
on
borrowings.
Net
income
reflects
the
acquisition
of
Bailey
and
Haskell
in
10/00. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Nicholas Christakos, 69 Chairman | -- | Michael Kallet, 50 Pres,
Director and CEO | $461K | Eric Stickels, 39 CFO,
Sr. VP | 247K | Thomas Dixon, 46 Sr.
VP\Credit Admin. | 248K | 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
|
|