| Business Summary | | Clarkston
Financial
Corporation
is
a
bank
holding
company
owning
all
of
the
outstanding
common
stock
of
Clarkston
State
Bank
(the
Bank).
The
Bank
is
organized
as
a
Michigan
chartered
bank.
The
Bank's
initial
primary
service
area
is
Independence
Township,
which
includes
the
City
of
Clarkston,
and
the
adjacent
township
of
Waterford,
both
of
which
are
located
in
North
Oakland
County,
Michigan.
The
Bank
provides
a
full
range
of
commercial
and
consumer
banking
services
for
small
to
medium
size
businesses
as
well
as
individuals.
The
Bank's
lending
strategy
is
to
focus
on
commercial
and
consumer
lending.
The
Bank
offers
a
broad
array
of
deposit
products
and
may
also
provide
customers
with
trust
services
through
third-party
service
providers.
As
of
December
31,
2000,
the
Company
had
total
assets
of
$60.2
million,
total
deposits
of
$51.4
million,
and
approximately
3,888
deposit
accounts. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CKSB
is
a
bank
holding
company
organized
to
own
all
of
the
common
stock
of
Clarkston
State
Bank.
They
provide
a
full
range
of
commercial
and
consumer
banking
services.
For
the
three
months
ended
3/31/01,
total
interest
income
rose
86%
to
$1.1
million.
Net
interest
income
after
LLP
rose
57%
to
$475
thousand.
Net
income
totalled
$114
thousand
vs.
a
loss
of
$3
thousand.
Results
reflect
an
increase
in
interest
earning
assets
and
an
increase
in
non-interest
income. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
after
tax
earnings
were
98. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Edwin Adler, 63 Chairman | -- | David Harrison, 58 CEO,
Pres | $100K | Bruce McIntyre, 71 Sec. | -- | 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
|
|