| Business Summary | | LSB
Bancshares,
Inc.
is
a
bank
holding
company
whose
principal
business
is
providing
banking
and
other
financial
services
through
its
banking
subsidiary,
Lexington
State
Bank
(LSB),
a
North
Carolina-chartered
commercial
bank.
LSB
offers
a
complete
array
of
services
in
commercial
banking
including
accepting
deposits,
corporate
cash
management,
discount
brokerage,
IRA
plans,
secured
and
unsecured
loans
and
trust
functions,
through
22
offices
in
13
communities
located
in
Davidson,
Forsyth
and
Stokes
counties
in
North
Carolina.
LSB
operates
a,
independent
trust
department
in
Davidson
County,
providing
estate
planning,
estate
and
trust
administration,
IRA
trusts,
personal
investment
accounts
and
pension
and
profit-sharing
trusts.
LSB
has
two
wholly
owned
non-bank
subsidiaries,
Peoples
Finance
Company
of
Lexington
Inc.
and
LSB
Investment
Services
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | LXBK
is
a
bank
holding
company
for
Lexington
State
Bank
and
provides
other
financial
services
through
its
non-bank
subsidiaries.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
4%
to
$30.2
million.
Net
interest
income
after
loan
loss
prov.
fell
1%
to
$15.0
million.
Net
income
fell
8%
to
$4.3
million.
Net
interest
income
reflects
a
higher
loan
portfolio,
offset
by
a
higher
deposit
balance.
Net
income
also
reflects
increased
personnel
and
other
noninterest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Robert Lowe, 58 Chairman,
Pres and CEO of Bancshares and the Bank | $359K | -- | H. Franklin Sherron, Jr., 45 VP
of the Company and Exec. VP of the Bank | 165K | -- | Monty Oliver, 59 Sec.
and Treasurer of the Company and Exec. VP of the Bank | 209K | $18K | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|