| Business Summary | | Mid-State
Bancshares
is
a
bank
holding
company
and
the
parent
to
Mid-State
Bank
(the
Bank),
its
100%-owned
principal
subsidiary.
The
Bank
is
a
full-service
community
bank
offering
a
broad
range
of
banking
products
and
services,
including
accepting
time
and
demand
deposits,
originating
commercial
loans,
consumer
loans
and
real
estate
loans,
providing
escrow
services
and
making
other
investments.
The
Bank
operates
34
full-service
retail-banking
offices
along
the
central
coast
of
California,
throughout
Santa
Barbara,
San
Luis
Obispo
and
Ventura
counties.
The
Bank's
headquarters
are
located
in
Arroyo
Grande,
and
it
also
serves
the
communities
of
Paso
Robles,
Cambria,
Templeton,
Atascadero,
Cayucos,
Morro
Bay,
Los
Osos,
San
Luis
Obispo,
Pismo
Beach,
Grover
Beach,
Guadalupe,
Nipomo,
Santa
Maria,
Orcutt,
Lompoc,
Vandenberg
Village,
Buellton,
Santa
Ynez,
Solvang,
Goleta,
Oxnard
and
Santa
Barbara.
In
the
first
quarter
of
2001,
the
Bank
plans
to
open
another
office
in
Camarillo. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Mid-State
Bancshares,
a
bank
holding
company,
operates
32
full
service
retail
banking
offices
along
the
central
coast
of
California.
For
the
six
months
ended
6/01,
total
interest
income
rose
3%
to
$54.7
million.
Net
interest
income
after
loan
loss
prov.
rose
1%
to
$40.1
million.
Net
income
rose
1%
to
$13.3
million.
Results
reflect
higher
average
earning
assets,
partially
offset
by
increased
interest
expenses.
Earnings
reflect
increased
service
charges
and
fees. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Carrol Pruett, 63 Chairman,
Pres, CEO | $76M | James Lokey, 53 Director,
Pres and CEO, Mid-State Bank | 30M | 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
|
|