| Business Summary | | Jacksonville
Bancorp,
Inc.'s
primary
asset,
Jacksonville
Savings
Bank,
SSB
(Jacksonville),
is
principally
engaged
in
attracting
deposits
from
the
general
public,
and
using
those
and
other
available
sources
of
funds
to
originate
loans
secured
by
single-family
residences
located
in
Cherokee
County
and
surrounding
counties
in
east
Texas.
To
a
lesser
extent,
Jacksonville
also
originates
construction
loans,
land
loans,
consumer
loans,
home
equity
loans,
and
a
limited
number
of
commercial
real
estate
loans.
The
Bank
owns
100%
of
the
capital
stock
of
J.
S.
&
L.
Corporation
(JS&L),
which
was
established
in
December
1979.
JS&L
is
self
sufficient
due
to
income
from
investments,
interest
from
residential
notes
receivable
and
lease
income.
Since
its
original
charter,
JS&L's
main
activity
has
been
the
servicing
of
purchased
residential
first
and
second
lien
notes. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | JXVL
is
a
bank
holding
company
for
Jacksonville
Savings
Bank,
a
state
chartered
bank
serving
East
Texas.
For
the
nine
months
ended
6/30/01,
total
interest
income
rose
9%
to
$18.1
million.
Net
interest
income
after
LLP
fell
less
than
1%
to
$7.5
million.
Net
income
rose
11%
to
$2.9
million.
Net
interest
income
reflects
increased
interest
earning
assets,
offset
by
higher
interest
paid
on
FHLB
advances.
Earnings
reflect
increased
fees
and
deposit
service
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| W. Brown, 85 Chairman | -- | Jerry Chancellor, 59 CEO
and Pres | $172K | Robert Brown, 52 Vice
Chairman | -- | Bill Taylor, 60 Director,
CFO and Exec. VP | 143K | Jerry Hammons, 57 Sr.
VP - Jacksonville Savings Bank | 129K | 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.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|