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Glacier Bancorp, Inc. is the holding company of nine
subsidiaries: Glacier Bank, First Security Bank of Missoula,
Western Security Bank, Mountain West Bank in Idaho, Big Sky
Western Bank, Valley Bank of Helena, Glacier Bank of Whitefish,
Community First, Inc., and Glacier Capital Trust I. The business
of the Company's subsidiaries consists primarily of attracting
deposit accounts from the general public and originating
commercial, residential, installment and other loans. The Banks'
principal sources of income are interest on loans, loan
origination fees, fees on deposit accounts and interest and
dividends on investment securities. The principal expenses are
interest on deposits, FHLB advances and repurchase agreements,
as well as general and administrative expenses. |
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from Multex: Expanded
Business Description |
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| Financial
Summary |
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Glacier
Bancorp, Inc. is a multibank holding company for Glacier Bank,
FSB and nine other subsidiaries. For the nine months ended
9/30/02, interest income fell 2% to $100.4 million. Net interest
income after loan loss provision rose 25% to $59.9 million. Net
income rose 55% to $23.6 million. Net interest income after LLP
reflects higher investments due to acquisitions and declining
interest rates. Net income also reflects higher income from
service charges, loan fees and loan sale gains. |
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from Multex: Significant
Developments |
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FY2001
Compensation |
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Pay |
Exer |
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John MacMillan, 65
Chairman |
-- |
-- |
Michael Blodnick, 49
Pres, CEO |
$363K |
$43K |
James Strosahl, 60
CFO, Exec. VP, Sec., Treasurer |
238K |
16K |
William Bouchee, 60
Pres and CEO of First Security Bank, Director |
197K |
76K |
Jon Hippler, 57
Pres of Mountain West Bank, Director |
186K |
-- |
| Dollar
amounts are as of 31-Dec-2001 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. |
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from Multex on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options |
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![[one-year price graph]](http://chart.yahoo.com/c/0b/g/gbci.gif)