| Business Summary | | Harbor
Florida
Bancshares,
Inc.,
is
the
holding
company
for
Harbor
Federal
Savings
Bank
(the
Bank),
a
federally
chartered
savings
bank.
The
Company
owns
100%
of
the
Bank's
common
stock,
and
engages
in
no
other
significant
activities
beyond
its
ownership
of
the
Bank's
common
stock.
The
Bank
provides
a
wide
range
of
banking
services,
and
is
engaged
in
the
business
of
attracting
deposits
primarily
from
the
communities
it
serves
and
using
these
and
other
funds
to
originate
primarily
one-
to
four-family
first
mortgage
loans
for
retention
in
its
portfolio.
The
Company
serves
communities
in
six
growing
and
diverse
Florida
counties.
Its
headquarters
are
in
Fort
Pierce,
Florida,
located
on
the
eastern
coast
of
Florida. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HARB
is
the
bank
holding
company
for
Harbor
Federal
Savings
Bank,
which
has
31
full-service
banking
offices
in
FL.
For
the
nine
months
ended
6/30/01,
total
interest
income
rose
14%
to
$94.1
million.
Net
interest
income
after
LLP
rose
5%
to
$44.2
million.
Net
income
rose
13%
to
$18.1
million.
Net
interest
income
reflects
higher
loan
and
deposit
balances,
partially
offset
by
higher
cost
of
funds.
Earnings
reflect
increased
transaction
accounts
and
the
addition
of
two
insurance
agencies. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Edward Enns, 67 Chairman | -- | -- | Michael Brown, Sr., 59 Pres,
CEO | $427K | -- | Bruce Abernethy, Sr., 65 Vice
Chairman | -- | -- | Don Bebber Sr.
VP- CFO | 155K | $116K | J. Hal Roberts Sr.
VP of Marketing, Director of HR | 359K | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|