| Business Summary | | Innes
Street
Financial
Corporation
is
the
holding
company
for
Citizens
Bank,
FSB
(the
Bank).
The
Bank
is
engaged
primarily
in
the
business
of
attracting
deposits
from
the
general
public
and
using
such
deposits
to
make
mortgage
loans
secured
by
real
estate.
The
Bank
makes
one-
to
four-family
residential
real
estate
loans
and,
to
a
lesser
extent,
multi-family
residential
loans,
nonresidential
loans,
construction
and
development
loans,
home
equity
loans,
and
commercial
and
consumer
loans.
The
Bank
has
served
the
Salisbury,
North
Carolina,
area
for
over
90
years. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ISFC
is
a
bank
holding
company
for
Citizens
Bank,
which
provides
mortgage
loans
to
residential
and
commercial
customers
in
Salisbury,
NC.
For
the
nine
months
ended
6/30/01,
interest
income
rose
9%
to
$11.9
million.
Net
interest
income
after
loan
loss
prov.
fell
9%
to
$4.4
million.
Net
income
fell
14%
to
$929
thousand.
Net
interest
income
reflects
increased
loan
receivables
offset
by
higher
borrowings.
Net
income
reflects
increased
charitable
contributions
and
higher
loan
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Ronald Bostian, 62 Pres,
CEO, | $448K | Dianne Hawkins, 37 Treasurer
and Controller | 228K | Ralphelle Butler, 52 Sec. | -- | Dollar
amounts are as of 30-Sep-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
|
|