| Business Summary | | RHBT
Financial
serves
as
a
bank
holding
company
for
Rock
Hill
Bank
&
Trust.
The
principal
business
activity
of
the
Company
is
to
provide
banking
services
to
domestic
markets,
principally
in
York
County,
South
Carolina.
In
addition
to
providing
traditional
banking
services,
the
Company
has
a
trust
department
that
offers
a
full
range
of
trust
services
and
a
mortgage
loan
division.
The
mortgage
loan
division
originates
loans
to
purchase
existing
or
construct
new
homes
and
to
refinance
existing
mortgages.
The
Bank
primarily
serves
the
city
of
Rock
Hill
and
the
surrounding
area
of
York
County,
South
Carolina.
The
Bank's
extended
market
area
also
includes
the
south
side
of
Charlotte
in
Mecklenburg
County,
North
Carolina,
and
Lancaster
and
Chester
Counties
in
South
Carolina. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | RHBT
Financial
Corp.
is
a
one-bank
holding
Company
for
Rock
Hill
Bank
and
Trust,
a
state-chartered
bank.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
19%
to
$8.6
million.
Net
interest
income
after
loan
loss
prov.
rose
4%
to
$3.3
million.
Net
loss
totaled
$4.3
million
vs.
an
income
$1.1
million.
Net
interest
income
reflects
increased
average
earning
assets,
partially
offset
by
higher
interest
on
deposits.
Net
loss
reflects
a
$7.6
million
payment
for
trust
settlement. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Elvin Walker, Ph.D., 65 | Chairman | Herman Honeycutt | CEO,
Director | Jerry Padgett, Ph.D., 68 | Vice
Chairman | Patricia Stone, 45 | CFO,
Sr. VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|