| Business Summary | | Independent
Financial
Network
is
a
multi-bank
holding
company.
Until
1996,
the
Company
conducted
its
business
primarily
through
Security
Bank,
but,
since
that
time,
has
embarked
on
a
strategy
to
diversify
through
investment
in
banking
and
non-banking
operations
outside
of
Security
Bank's
primary
market
area
through
wholly
and
majority
owned
subsidiaries,
Security
Bank,
Lincoln
Security
Bank,
Pacific
State
Bank,
Family
Security
Bank,
McKenzie
State
Bank,
Oregon
State
Bank
and
Roseburg
Community
Banking
Company. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Independent
Financial
Network,
Inc.
is
a
bank
holding
co.
for
Security
Bank,
Pacific
State
Bank,
Lincoln
Security
Bank
and
others,
and
also
owns
two
mortgage
companies.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
18%
to
$14.6
million.
Net
interest
income
after
loan
loss
prov.
rose
14%
to
$7.9
million.
Net
income
rose
27%
to
$1
million.
Results
reflect
increased
earning
asset
balances
and
increased
fees
earned
on
the
sale
of
real
estate. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Charles Brummel, 61 Chairman,
CEO | $315K | William Lansing, 54 Vice
Chairman | -- | Ronald Farnsworth, 30 CFO,
VP | -- | Antoinette Poole, 54 COO,
Exec. VP | -- | 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
|
|