PABK PAB Bankshares, Inc. featured news, full reports, and detailed charts
PAB Bankshares, Inc. (PABK) Wrap Up:
PAB Bankshares, Inc. is a bank holding company headquartered in Valdosta, Lowndes County, Georgia. PAB was organized and incorporated in 1982 under the laws of the State of Georgia as the holding company for The Park Avenue Bank (the “Bank”). Since our incorporation in 1982, we have acquired five other Georgia financial institutions and one Florida financial institution, and subsequently merged those institutions into the Bank. The Bank was founded in Valdosta in 1956, and it became a state-chartered commercial bank in 1971. In 2001, the Bank became a state member bank of the Federal Reserve System. Currently, the Bank operates 13 branches located in seven counties in South Georgia; five branches and two loan production offices located in five counties in North Georgia; and two branches and one loan production office located in three counties in Florida. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f17%2f0001140361-08-006856.html#FIS_BUSINESS"www.pabbankshares.com
292 Employees
Founded in 1956
PAB Bankshares Inc. (PABK:NASDAQ)
LAST $1.60 USD
CHANGE TODAY +0.01 0.63%
VOLUME 19.6K
As of 3:48 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of PAB Bankshares Inc. (PABK)
|
OPEN
$1.57
|
PREVIOUS CLOSE
$1.59
|
|
|
DAY HIGH
$1.64
|
DAY LOW
$1.57
|
|
|
52 WEEK HIGH
11/20/08 - $5.74
|
52 WEEK LOW
11/18/09 - $1.51
|
|
|
MARKET CAP
22.1M
|
AVERAGE VOLUME 3 mo
10.2K
|
|
|
DILUTED EPS TTM
$-2.55
|
SHARES OUTSTANDING
13.8M
|
|
|
PABK Does Not Pay Dividends
|
P/E TTM
NM
|
|
| K = Thousands M = Millions B = Billions | ||
PABK Top Compensated Officers
Mr. Donald J. Torbert Jr.
Chief Executive Officer, President, Chief Exe...
Age: 37
Total Annual Compensation: $172.8K
Mr. R. Wesley Fuller
Chief Administrative Officer, Executive Vice ...
Age: 49
Total Annual Compensation: $172.8K
Mr. George D. Henderson
Chief Banking Officer, Executive Vice Preside...
Age: 58
Total Annual Compensation: $155.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for PAB Bankshares Inc. (PABK)
PAB Bankshares Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009 ; Records Loan Charged Off
11/3/2009
PAB Bankshares Inc. reported earnings results for the third quarter and nine months ended September 30, 2009. The company reported a net loss of $20.0 million, or $1.93 per basic and diluted share, for the third quarter of 2009 after posting a $31.4 million provision for loan losses compared to net loss of $2.860 million or $0.32 per diluted share for the same period of last year. Earnings from core operations were $4.2 million for the third quarter of 2009, down slightly from $4.4 million in the same period in 2008. Book value per common share was $6.03 as of September 30, 2009 compared to book value per common share of $9.97 as of September 30, 2008. The company reported return on average assets of negative 6.17% and return on average equity of negative 86.37% compared to return on average assets of negative 0.92% and return on average equity of negative 11.83% for the same period of last year. The company reported loss before income tax expense of $30.579 million on interest income of $14.816 million and net interest income of $7.254 million compared to loss before income tax expense of $4.509 million on interest income of $17.680 million and net interest income of $9.220 million for the same period of last year. For the nine months, the company reported loss before income tax expense of $30.787 million on interest income of $47.057 million and net interest income of $22.432 million compared to loss before income tax expense of $0.357 million on interest income of $54.170 million and net interest income of $27.428 million for the same period of last year. The company reported return on average assets of negative 2.02% and return on average equity of negative 29.16% compared to return on average assets of negative 0.01% and return on average equity of negative 0.14% for the same period of last year. The company reported net loss of $19.911 million or $2.06 per basic and diluted share compared to net loss of $100,000 or $0.01 per basic and diluted share for the same period of last year. The company reported earnings from core operations of $12.932 million compared to $12.932 million for the same period of last year. For the third quarter of 2009, the Company charged off $11.3 million in loans and recovered $96,000 in loans previously charged-off for an annualized net charge-off ratio of 4.84% of average loans.
PAB Bankshares Inc. Delays Consolidated Financial Results for The third Quarter Ended September 30, 2009
10/27/2009
PAB Bankshares Inc. has delayed the scheduled announcement of its consolidated financial results for the third quarter ended September 30, 2009. Based on a recent examination, the company is in discussions with its banking regulators regarding its analysis of the Allowance for Loan Losses.
PAB Bankshares Inc. - Conference Presentation Call
10/20/2009
PAB Bankshares Inc. - Conference Presentation Calls
PABK Competitors
| Company | Last | Change |
| Bank of Granite Corp | $0.44 USD | +0.0277 |
| Carolina Trust Bank | $5.65 USD | +0.05 |
| CNB Corp | $10.10 USD | 0.00 |
| First Community Bank Corp of America | $2.30 USD | +0.02 |
| Southwest Georgia Financial Corp | $8.75 USD | -0.012 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | PABK | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | NM | Not Meaningful |
| Price/Book | 0.2x |
|
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 30.6x |
|
|
PABK |
||
|
PABK transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent News About PAB Bankshares, Inc.
More news for PABK
PAB Bankshares, Inc. and The Park Avenue Bank Announce Promotions and Realignment of Executive Management Team and Schedules Third Quarter 2009 Earnings Release and Conference Call
VALDOSTA, Ga., Oct. 1, 2009 (GLOBE NEWSWIRE) -- PAB Bankshares, Inc. (Nasdaq:PABK - News), the parent company for The Park Avenue Bank, today announced changes to its executive management team. "We are pleased to announce the promotion of key individuals on our executive management team. We believe that we have identified and aligned the managerial needs within our organization with the talents and experience of these officers," stated Company President and CEO Jay Torbert. "The strategic placement of these individuals strengthens our management team, provides depth for the future development of other officers, and allows us to better allocate our resources on areas within the organization in need of improvement," added Torbert. The Company's Board of Directors has appointed the following officers as Executive Vice Presidents of the Company and the Bank effective October 1, 2009: * R. Wesley Fuller, Chief Administration Officer and Treasurer; * David H. Hammond, Chief Credit Officer; * George D. Henderson, Chief Banking Officer; * Judy S. Kelly, Chief Operations Officer; * Nicole S. Stokes, Chief Financial Officer; Mr. Fuller has served as Executive Vice President of the Company and the Bank since August 2002. He previously served as Director of Operations for the Company and the Bank since January 2002 and has worked in the Georgia banking community since 1983. In his new role as Chief Administrative Officer, Mr. Fuller will manage the administrative functions and the non-traditional bank...Click here to read the whole Article (external link)
PAB BANKSHARES INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securi
Item 1.01. Entry into Material Definitive Agreement. PAB Bankshares, Inc. (the "Company") announced on September 9, 2009 that it completed a private placement of approximately $13,412,000 of additional capital that will be used to support the operations of The Park Avenue Bank, the Company's wholly owned banking subsidiary (the "Bank"). The private placement included $8,305,000 of the Company's "Series A Contingent Convertible Perpetual Non-cumulative Preferred Stock," no par value per share (the "Series A Preferred Stock") that has been held in escrow since March 5, 2009, along with an additional $5,107,000 of the Company's "Series B Contingent Convertible Perpetual Non-cumulative Preferred Stock," no par value per share (the "Series B Preferred Stock"). The terms of the Series A Preferred Stock are more fully described in "Item 1.01 Entry into a Material Definitive Agreement" of the Company's Current Report on Form 8-K dated March 5, 2009, which is incorporated herein by reference, and are contained in the Articles of Amendment filed as Exhibit 3.1 to this Current Report on Form 8-K. As described in the Company's Current Report on Form 8-K dated March 5, 2009, the investment agreements entered into in connection with the Series A Preferred Stock included a condition to closing that the Bank's total risk-based capital ratio equal or exceed twelve percent (12%). Investors representing the $8.3 million of Series A Preferred Stock issued on September 9, 2009 agreed to waive this condition to closing. The terms of the Series B Preferred Stock are set forth below in this Item 1.01. As a result of shareholder approval which was obtained at our 2009 Annual Meeting of Shareholders held on June 23, 2009, both classes of the preferred stock were immediately converted into shares of the Company's no par value per share common stock (the "Common Stock") at a conversion price of $3.00 per share. Also, upon conversion, the...Click here to read the whole Article (external link)
Q3 2009 PAB Bankshares Earnings Release - After Market Close
Earnings Announcements for Tuesday, October 27CompanySymbolTimeConferenceCall3M INDIA LTD3MINDIA.BOTime Not SuppliedA.M. Castle & CoCASBefore Market OpenListenAbaxis, Inc.ABAXAfter Market CloseABILITY ENTERPRISE2374.TW03:00 am ETAcadia Realty TrustAKRAfter Market CloseListenACE LimitedACEAfter Market CloseListenActelACTL4:15 pm ETListenADVANCED TECHNOLOGY & MATERIAL000969.SZTime Not SuppliedAdvent SoftwareADVSAfter Market CloseListenAEROSPACE COMMUNICATIONS HOLDING CO600677.SSTime Not SuppliedAGCOAGCOBefore Market OpenListenAIR CHINA LTDAICAF.PKTime Not SuppliedAK Steel Holding CorpAKS08:30 am ETAKER SEAFOODS ASAAKS.OL03:30 am ETAkzo Nobel N.V.AKZOF.PK02:00 am ETAlcon Inc.ACLAfter Market CloseListen...Click here to read the whole Article (external link)
PAB BANKSHARES INC Files SEC form 8-K, Change in Directors or Principal Officers, Regulation FD Disclosure, Financial
Item 5.02. Appointment of Principal Officers; Departure of Directors or Principal Officers. On October 1, 2009, PAB Bankshares, Inc. (the "Company") announced the promotions and realignment of the Company's Executive Management Team. The Company's Board of Directors appointed the following officers as Executive Vice Presidents of the Company and of the Company's subsidiary bank, The Park Avenue Bank (the "Bank"), effective October 1, 2009: · R. Wesley Fuller, Chief Administration Officer and Treasurer; · David H. Hammond, Chief Credit Officer; · George D. Henderson, Chief Banking Officer; · Judy S. Kelly, Chief Operations Officer; · Nicole S. Stokes, Chief Financial Officer. R. Wesley Fuller, age 48, has served as Executive Vice President of the Company and the Bank since August 2002. Mr. Fuller previously served as Director of Operations for the Company and the Bank since January 2002. Mr. Fuller was Senior Vice President of the Company and the Bank from January 2002 to August 2002 and Vice President of the Bank from October 2001 to January 2002. Before joining the Company, Mr. Fuller was employed by Futurus Financial Services, Inc. and Futurus Bank, N.A. as Executive Vice President and Chief Financial Officer from 2000 to 2001 and by Premier Bancshares, Inc. as Executive Vice President of Operations from 1997 until 2000. Mr. Fuller's banking career began in 1983 with First South Bank in Fort Valley, Georgia. David H. Hammond, age 57, previously served as Senior Vice President and Regional Credit Officer of the Bank since May 2007. Mr. Hammond was Vice President and Regional Credit Officer of the Bank from January 2005 to May 2007. Prior to joining the Company in 2005, Mr. Hammond served as Vice President and Credit Officer for SouthTrust Bank in Atlanta, Georgia since September 1996. George D. Henderson, age 57, has served as Executive Vice President of the Company and the Bank since April 2007. Mr. Henderson prev...Click here to read the whole Article (external link)
PAB Bankshares, Inc. Announces Third Quarter 2009 Financial Results
VALDOSTA, Ga., Nov. 3, 2009 (GLOBE NEWSWIRE) -- PAB Bankshares, Inc. (Nasdaq:PABK - News), the parent company for The Park Avenue Bank, announced its consolidated financial results for the three months ended September 30, 2009. The Company reported a net loss of $20.0 million, or ($1.93) per diluted share, for the third quarter of 2009 after posting a $31.4 million provision for loan losses. "During the third quarter, we successfully completed a private placement of capital in order to further protect our balance sheet from loan losses and to continue to serve our customers' financial needs during these difficult economic times. We concluded that the most effective way to utilize our capital was to transfer it into our allowance for loan losses," stated Company President and CEO Jay Torbert. "Despite the elevated level of nonperforming assets, the Bank has ample liquidity, it remains well-capitalized, and it has a strong allowance for loans losses. In addition, we believe our core operating earnings will cover the increased cost to carry our nonperforming assets and the increased cost of deposit insurance without having a negative impact on our capital," added Torbert. Earnings from core operations were $4.2 million for the third quarter of 2009, down slightly from $4.4 million in the same period in 2008. The Company defines earnings from core operations as pre-tax, pre-provision and other expenses as shown in the financial tables included with this press release. A reconciliation of earnings from core operations to net inco...Click here to read the whole Article (external link)
PAB Bankshares, Inc. Delays Announcement of Third Quarter 2009 Financial Results
PAB Bankshares, Inc. Delays Announcement of Third Quarter 2009 Financial Results - Yahoo! Finance.gnwlistitemmarginbottom {margin-bottom: 10.0px} .gnwtablebottommargin {margin-bottom: 10.0px} .gnwcellpaddingleft0 {padding-left: 0.0px} .gnwverticalaligntop {vertical-align: top} .gnwtextaligncenter {text-align: center} .gnwcellparagraphmargin {margin-bottom: 0px; margin-top: 0px} .gnwverticalalignbottom {vertical-align: bottom} .gnwwhitespacenowrap {white-space: nowrap} .gnwtextalignright {text-align: right} .gnwcellpaddingright0 {padding-right: 0.0px} .gnwunderlinestyle {text-decoration: underline} .gnwtextalignleft {text-align: left} .gnw_heading {font: 16px Arial; text-align: center} .gnw_subhead {font: 12px Arial; text-align: center} .gnw_colhead {font: 12px Arial; text-align: center} .gnw_colhead_uline {font: 12px Arial; text-align: center; border-bottom: solid black 1.0pt;} .gnw_colhead_dline {font: 12px Arial; text-align: center; border-bottom: double black 2.5pt;} .gnw_label {font: 12px Arial; vertical-align: bottom; text-align: left } .gnw_label_uline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;} .gnw_label_uline_i10 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i15 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i20 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i25 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i30 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_dline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: double black 2.5pt;} .gnw_label_i10 {font: 12px Arial; vertical-align: bottom; text-align: left; padding-left: 10.0px;} .gnw_label_i15 {font: 12px Arial; vertical-align: bottom; text-align...Click here to read the whole Article (external link)
PAB BANKSHARES INC Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue15,184 18,971 18,384 18,232 Cost of Revenue6,199 6,726 7,661 8,173 Gross Profit - 12,245 10,723 10,059 Operating ExpensesResearch Development - - - - Selling General and Administrative7,284 8,102 8,126 8,053 Non Recurring - - - - Others30,916 2,394 1,877 9,811 Total Operating Expenses - - - - Operating Income or Loss - 1,750 720 (7,806)Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes(29,216)1,750 720 (7,806)Interest Expense1,363 1,378 1,297 1,303 Income Before Tax(30,579)371 (578)(9,109)Income Tax Expense(10,623)30 (283)(3,297)Minority Interest - - - - Net Income From Continuing Ops(19,956)342 (295)(5,812)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - &nb...Click here to read the whole Article (external link)
PAB BANKSHARES INC Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion and analysis of the consolidated financial condition and results of operations of the Company should be read in conjunction with the Consolidated Financial Statements and related Notes included in this Report as well as the Consolidated Financial Statements, related Notes, and "Management's Discussion and Analysis of Financial Condition and Results of Operations" included in the Company's Annual Report on Form 10-K for the year ended December 31, 2008, and is qualified in its entirety by the foregoing and other more detailed financial information appearing elsewhere herein. Historical results of operations and the percentage relationships among any amounts included, and any trends which may appear to be inferred, should not be taken as being necessarily indicative of trends in operations or results of operations for any future periods. Our operating subsidiary, The Park Avenue Bank, is a $1.25 billion community bank with 18 branches and two loan production offices in Georgia and Florida. We have offices in both smaller, rural communities as well as larger, metropolitan areas. We provide traditional banking products and services to commercial and individual customers in our markets. Competition, regulation, credit risk and interest rate risk are the primary factors that we must manage in order to be successful. We generally group our offices into three geographic regions for discussion purposes due to the varying demographics of each market. Our offices in Lowndes, Cook, Decatur, Grady, Bulloch, Appling and Jeff Davis counties are collectively referred to as our "South Georgia" market. Our offices in Henry, Hall, Oconee, and Forsyth counties are collectively referred to as our "North Georgia" market. Our offices in Marion and St. Johns counties are collectively referred to as our "Florida" market. In addition, our corpo...Click here to read the whole Article (external link)
PAB BANKSHARES INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibi
Show all filings for PAB BANKSHARES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for PAB BANKSHARES INC 3-Nov-2009Results of Operations and Financial Condition, Financial Statements and Exhibi Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provide...Click here to read the whole Article (external link)
Would you like to leave a comment about PAB Bankshares, Inc. PABK
Find out what social network information about PAB Bankshares, Inc. are available on RealpenniesWorst 5 - Click here to find out what stocks have been voted down by our visitors and users
Besides PAB Bankshares, Inc. there is more great information available at Realpennies.com