| Business Summary | | TFC
Enterprises,
Inc.
is
a
holding
company
with
two
primary
wholly
owned
subsidiaries,
The
Finance
Company
and
First
Community
Finance,
Inc.
The
Finance
Company
specializes
in
purchasing
and
servicing
installment
sales
contracts
originated
by
automobile
and
motorcycle
dealers
involved
in
the
sale
of
used
automobiles,
vans,
light
trucks
and
new
and
used
motorcycles,
both
on
an
individual
basis
and
on
a
bulk
basis.
The
Finance
Company
also
has
10
contract
production
offices
and
two
full-service
branches
throughout
the
United
States
in
communities
with
a
large
concentration
of
military
personnel.
First
Community
Finance
specializes
in
the
direct
origination
and
servicing
of
small
consumer
loans.
First
Community
Finance
operates
21
branches
throughout
Virginia
and
North
Carolina. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TFCE
is
engaged
in
the
purchasing
and
servicing
of
installment
sales
contracts
originated
by
automobile
and
motorcycle
dealers;
and
the
origination
of
consumer
loans.
For
the
six
months
ended
6/01,
interest
income
rose
9%
to
$27.4
million.
Net
interest
income
after
LLP
fell
1%
to
$16.7
million.
Net
income
rose
38%
to
$3.0
million.
Results
reflect
higher
point-of-sale
auto
finance
contract
balances,
offset
by
increased
credit
borrowing.
Earnings
reflect
lower
salaries
and
other
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Raley Jr., 63 Chairman,
CEO | $874K | Ronald Tray, 59 Pres,
COO, Chief Financial Officer | 230K | G. Kent Brooks, 64 Pres,
and CEO of FCF | -- | Denise Newlon VP-Fin.,
Controller | -- | Delma Ambrose, 41 Sr.
VP and CSO of The Fin. Company | 131K | 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
|
|