| Business Summary | | Abigail
Adams
National
Bancorp,
Inc.
is
a
bank
holding
company
that
conducts
business
through
its
wholly
owned
bank
subsidiary,
The
Adams
National
Bank
(the
Bank).
The
Company,
through
the
Bank,
draws
most
of
its
customer
deposits
and
conducts
most
of
its
lending
activities
from
and
within
the
Washington
D.C.
metropolitan
region,
including
suburban
Virginia
and
Maryland.
Washington
D.C.
attracts
a
significant
number
of
businesses
of
all
sizes,
professional
corporations
and
national
non-profit
organizations.
The
Company
actively
solicits
banking
relationships
with
these
firms
and
organizations,
their
professional
staff
and
with
high
net-worth
individuals
that
live
and
work
in
the
region.
As
of
December
31,
2000,
the
Company
had
consolidated
assets
of
$160,651,000,
deposits
of
$137,657,000
and
stockholders'
equity
of
$16,973,000. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Abigail
Adams
Bancorp
is
a
bank
holding
company
for
Adams
National
Bank,
a
federally
chartered
bank
with
five
offices
in
Washington,
D.C.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
8%
to
$6.4
million.
Net
interest
income
after
loan
prov.
rose
15%
to
$4.3
million.
Net
income
rose
30%
to
$1.4
million.
Net
interest
income
reflects
an
increase
in
interest
earning
assets
and
a
lower
loan
loss
provision.
Net
income
also
reflects
an
increase
in
non-interest
income. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Jeanne Delaney Hubbard, 52 Chairman,
Pres and CEO | $41K | Kathleen Walsh Carr, 54 Pres
and CEO of The Adams National Bank | 166K | 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
|
|