| | Business Summary | | South
Alabama
Bancorporation,
Inc.
(South
Alabama)
is
the
parent
company
and
100%
owner
of
the
stock
of
South
Alabama
Bank,
formerly
The
Bank
of
Mobile,
First
National
Bank,
Brewton,
The
Monroe
County
Bank,
The
Commercial
Bank
of
Demopolis,
Alabama,
Sweet
Water
State
Bank,
and
South
Alabama
Trust
Company,
Inc.
(the
Trust
Company).
South
Alabama
reviews
policy
for
the
subsidiary
banks
and
the
Trust
Company
and
coordinates
certain
elements
of
their
common
internal
functions,
such
as
loan
review,
marketing
and
business
development,
accounting,
auditing,
compliance,
and
computer
operations. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | SABC
is
the
holding
company
for
South
Alabama
Bank,
First
National
Bank,
Brewton
and
Monroe
County
Bank
and
The
Bank
of
Demopolis.
For
the
six
months
ended
6/30/01,
total
interest
income
remained
flat
at
$21.2
million.
Net
interest
income
after
loan
loss
provision
fell
4%
to
$10.9
million.
Net
income
fell
11%
to
$3.3
million.
Net
interest
income
was
offset
by
a
higher
cost
of
funds.
Net
income
also
reflects
higher
employee
benefits. | | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| J.Stephen Nelson, 62
Chairman | $179K | W. Bibb Lamar, Jr., 56
Pres,
CEO | 203K | F. Michael Johnson, 54
CFO
and Sec. | -- | W. Gaillard Bixler, 54
Exec.
VP and COO | 122K | John Barnett, III, 47
Exec.
VP | -- | | Dollar amounts are as of 31-Dec-1999 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
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/s/sabc.gif)