| Business Summary | | ECB
Bancorp,
Inc.
is
a
bank
holding
company
that
operates
through
its
wholly
owned
subsidiary,
The
East
Carolina
Bank
(the
Bank).
The
Company's
principal
asset
is
its
investment
in
the
Bank,
which
is
a
North
Carolina-chartered
bank.
The
Bank
was
organized
in
1919
and
is
engaged
in
a
general,
community-oriented
commercial
and
consumer
banking
business.
The
Bank
currently
maintains
17
full-service
banking
offices
in
six
counties
in
North
Carolina,
together
with
one
mortgage
loan
production
office.
Deposits
are
insured
under
the
FDIC's
Bank
Insurance
Fund
to
the
maximum
amount
permitted
by
law.
The
Bank
has
two
wholly
owned
subsidiaries,
Carolina
Financial
Realty,
Inc.
(CFR)
and
Carolina
Financial
Courier,
Inc.
CFR
holds
title
to
five
of
the
Bank's
branch
offices,
which
it
leases
to
the
Bank.
The
second
subsidiary,
Carolina
Financial
Courier,
Inc.,
formerly
provided
courier
services
to
the
Bank. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ECB
Bancorp,
Inc.
is
a
bank
holding
company
for
The
East
Carolina
Bank,
a
state
chartered
bank
with
17
offices
and
one
mortgage
loan
production
office
in
North
Carolina.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
10%
to
$10
million.
Net
interest
income
after
loan
loss
provision
rose
2%
to
$5.6
million.
Net
income
fell
12%
to
$963
thousand.
Results
reflect
increased
earning
asset
balances,
offset
by
increased
salaries,
benefits
and
occupancy
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| R. Spencer, Jr., 60 Chairman | -- | Arthur Keeney, III, 57 Pres,
CEO | $182K | George Davis, Jr., 46 Vice
Chairman | -- | Gary Adams, 47 Sr.
VP, CFO | -- | William Plyler, II, 57 Sr.
VP and CCO of the Bank | -- | 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
|
|