| Business Summary | | Oak
Hill
Financial,
Inc.
is
a
multi-bank
holding
company.
The
Company
engages
indirectly
in
the
business
of
commercial
banking
and
other
activities
closely
related
to
banking
and
consumer
finance
lending
through
three
wholly
owned
subsidiaries,
Oak
Hill
Banks,
Towne
Bank
and
Action
Finance
Company.
The
Company
provides
management
and
similar
services
for
the
Banks
and
Action.
Oak
Hill's
principal
lending
activities
are
the
origination
of
conventional
one-
to
four-family
residential
loans
and
commercial
loans,
most
of
which
are
secured
by
real
estate
located
in
the
Company's
primary
market
area.
Investment
securities
primarily
satisfy
the
Company's
liquidity
needs
and
provide
a
return
on
residual
funds
after
lending
activities.
The
Company
also
offers
regular
and
money
market
savings
accounts,
NOW
accounts
and
a
variety
of
fixed-maturity,
fixed-rate
certificates
with
maturities
ranging
from
three
to
60
months. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | OAKF
is
a
bank
holding
company
for
Oak
Hill
Banks,
Towne
Bank
and
Action
Finance
Company.
For
the
six
months
ended
6/30/01,
interest
income
rose
18%
to
$30.2
million.
Net
interest
income
after
loan
loss
provision
rose
10%
to
$12.6
million.
Net
income
increased
4%
to
$3.7
million.
Net
interest
income
after
loan
loss
provision
reflects
loan
growth,
partially
offset
by
higher
interest
costs.
Earnings
also
reflect
increased
employee
compensation
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Evan Davis, 67 Chairman | $70K | $53K | John Kidd, 61 Pres,
CEO, Director | 200K | -- | Ronald Copher, 43 CFO,
Treasurer | 138K | -- | Richard LeGrand, 60 Exec.
VP | 202K | -- | Ralph Coffman, Jr., 49 VP | 147K | 59K | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|