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Profile - Pelican Financial, Inc. (AMEX:PFI)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | SEC | Msgs | Insider | Financials
Recent Events
Aug  6Price hit new 52-week high ($6.75)
Location
315 East Eisenhower Parkway
Ann Arbor, MI 48108
Phone: (734) 662-9733
Fax: (734) 662-9517
Employees (last reported count): 183
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Free Annual Report
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Regional Banks
Related Links
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Ownership
·Insider and 5%+ Owners: 45%
·Institutional: 1% (2% of float)
(3 institutions)
·Net Inst. Selling: 15.0K shares (+51.71%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Pelican Financial, Inc. serves as the bank holding company for Pelican National Bank and Washtenaw Mortgage Company. Pelican National is engaged primarily in retail banking and Washtenaw is engaged primarily in mortgage banking. Pelican Financial operates in both the retail banking and mortgage banking segments through its wholly owned subsidiaries. As of December 31, 2000, total assets of Pelican Financial were $201.2 million, of which approximately $95.6 million were assets of Washtenaw and approximately $106.7 million were assets of Pelican National. For the year ended December 31, 2000, net income was $220,000, of which $646,000 was a net loss of Washtenaw, $1.2 million was net income of Pelican National and $377,000 was a net loss at the holding company level.
More from Market Guide: Expanded Business Description

Financial Summary
Pelican Financial operates the retail banking and mortgage banking segments through its two subsidiaries: Washtenaw Mortgage and Pelican National Bank. For the six months ended 6/30/01, total interest income rose 50% to $11.8 million. Net interest income after loan loss prov. rose 41% to $4.5 million. Net income before acct. change totaled $2.6 million, up from $124 thousand. Results reflect increased earning assets and a higher gain on sale of mortgage servicing rights and loans.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

Charles Huffman, 57
Chairman, CEO
$229K
Michael Surgen, 45
Pres, Director
337K
Howard Nathan, 31
CFO, VP, Director
--  
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
Statistics at a Glance -- AMEX:PFIAs of 31-Aug-2001
Price and Volume
52-Week Low
on 22-Dec-2000
$1.364
Recent Price$5.31 
52-Week High
on 6-Aug-2001
$6.75 
Daily Volume (3-month avg)6,136 
Daily Volume (10-day avg)4,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y]
52-Week Change+94.7%
52-Week Change
relative to S&P500
+161.2%
Share-Related Items
Market Capitalization$23.3M
Shares Outstanding4.39M
Float2.40M
Dividends & Splits
Annual Dividendnone 
Last Split: 11 for 10 on 14-June-2001
Per-Share Data
Book Value (mrq)$5.36 
Earnings (ttm)$0.61 
Earnings (mrq)$0.54 
Sales (ttm)$4.59 
Cash (mrq)$1.32 
Valuation Ratios
Price/Book (mrq)0.99 
Price/Earnings (ttm)8.72 
Price/Sales (ttm)1.16 
Income Statements
Sales (ttm)$20.2M
EBITDAN/A 
Income available to common (ttm)$2.67M
Profitability
Profit Margin (ttm)13.3%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)1.11%
Return on Equity (ttm)12.32%
Financial Strength
Current RatioN/A 
Long-Term Debt/Equity (mrq)0 
Total Cash (mrq)$5.80M
Short Interest
As of 8-Aug-2001
Shares Short0 
Shares Short
(Prior Month)
0 
Daily Volume13.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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