SAVB The Savannah Bancorp, Inc. featured news, full reports, and detailed charts
The Savannah Bancorp, Inc. (SAVB) Wrap Up:
The Company was incorporated as a Georgia business corporation on October 5, 1989, for the purpose of becoming a bank holding company. The Company became a bank holding company within the meaning of the Federal Bank Holding Company Act and the Georgia Bank Holding Company Act upon the acquisition of 100 percent of the common stock of The Savannah Bank, National Association ("Savannah") on August 22, 1990. In February 1998, the Company entered into a plan of merger to exchange shares of its stock for shares of Bryan Bancorp of Georgia, Inc. (“Bryan”), the bank holding company for Bryan Bank & Trust (“Bryan Bank”). The transaction was valued at approximately $24 million. The merger, which was accounted for as a pooling of interests, was a tax-free reorganization for federal income tax purposes. The merger was consummated on December 15, 1998. Bryan was merged into the Company and Bryan Bank became a wholly-owned subsidiary of the Company on the merger date. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f14%2f0000860519-08-000008.html#FIS_BUSINESS"www.savb.com
204 Employees
Founded in 1989
Savannah Bancorp Inc. (SAVB:NASDAQ)
LAST $8.09 USD
CHANGE TODAY -0.0071 -0.09%
VOLUME 5.6K
As of 3:18 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Savannah Bancorp Inc. (SAVB)
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OPEN
$8.10
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PREVIOUS CLOSE
$8.10
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DAY HIGH
$8.10
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DAY LOW
$7.95
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52 WEEK HIGH
12/10/08 - $12.66
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52 WEEK LOW
03/16/09 - $5.59
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MARKET CAP
48.0M
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AVERAGE VOLUME 3 mo
2.2K
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DILUTED EPS TTM
$0.03
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SHARES OUTSTANDING
5.9M
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EX-DATE
10/28/09
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P/E TTM
287.9x
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DIVIDEND
$0.08
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DIVIDEND YIELD
0.99%
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| K = Thousands M = Millions B = Billions | ||
SAVB Top Compensated Officers
Mr. John C. Helmken II
Chief Executive Officer, President, Director,...
Age: 46
Total Annual Compensation: $250.0K
Mr. Michael W. Harden Jr.
Chief Financial Officer, Principal Accounting...
Age: 38
Total Annual Compensation: $110.7K
Mr. E. James Burnsed
Vice Chairman, Ex-Officio Member of Executive...
Age: 70
Total Annual Compensation: $130.0K
Mr. Jerry O'Dell Keith
President of Bryan Bank & Trust
Age: 50
Total Annual Compensation: $165.0K
Mr. R. Stephen Stramm
Executive Vice President of Lending and Execu...
Age: 60
Total Annual Compensation: $175.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Savannah Bancorp Inc. (SAVB)
Savannah Bancorp Inc. announced delayed 10-Q filing
11/10/2009
On 11/10/2009, Savannah Bancorp Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
Savannah Bancorp Inc. expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 21, 2009).
10/21/2009
Savannah Bancorp Inc. expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 21, 2009).
Savannah Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009 ; Declares Quarterly Dividend Payable on November 16, 2009
10/20/2009
Savannah Bancorp Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $346,000 compared to $1,638,000 in the third quarter of 2008. Net income per basic and diluted share was 6 cents compared to 28 cents per basic and diluted share in the third quarter of 2008. The quarter over quarter decline in earnings results primarily from a higher provision for loan losses, higher FDIC insurance premiums and a lower net interest margin in 2009 as compared to 2008. The company reported net interest income of $8,240,000, net interest income after the provision for loan losses of $4,680,000, income before income taxes of $431,000, return on average equity of 1.73% and return on average assets of 0.13% on total interest and dividend income of $12,737,000 compared to net interest income of $8,251,000, net interest income after the provision for loan losses of $6,746,000, income before income taxes of $2,533,000, return on average equity of 8.24% and return on average assets of 0.68% on total interest and dividend income of $14,136,000 for the same period a year ago. Net interest income was down $11,000 or 0.1% in the third quarter 2009 against the third quarter 2008. For the first nine months, net income was $167,000 or $0.03 per basic and diluted share compared to $5,228,000 or $0.88 per basic and diluted share for the same period in 2008. The company reported net interest income of $23,990,000, net interest income after the provision for loan losses of $13,485,000, loss before income taxes of $63,000, return on average equity of 0.28% and return on average assets of 0.02% on total interest and dividend income of $38,067,000 compared to net interest income of $24,708,000, net interest income after the provision for loan losses of $20,978,000, income before income taxes of $8,018,000, return on average equity of 8.88% and return on average assets of 0.74% on total interest and dividend income of $43,555,000 for the same period a year ago. The board of directors approved a quarterly cash dividend of 2 cents per share payable on November 16, 2009 to shareholders of record on October 30, 2009.
SAVB Competitors
| Company | Last | Change |
| BNC Bancorp | $6.60 USD | 0.00 |
| First Century Bankshares Inc | $15.70 USD | 0.00 |
| Four Oaks Fincorp Inc | $6.00 USD | 0.00 |
| Southeastern Banking Corp | $10.75 USD | 0.00 |
| Uwharrie Capital Corp | $2.60 USD | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | SAVB | Industry Range |
| Price/Earnings | 50.8x |
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| Price/Sales | 1.8x |
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| Price/Book | 0.6x |
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| Price/Cash Flow | 50.8x |
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| TEV/Sales | NM | Not Meaningful |
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SAVB |
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SAVB transactions
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Target | |
| No transactions in the last 6 months. | ||
More Recent News About The Savannah Bancorp, Inc.
More news for SAVB
Savannah Bancorp Reports Second Quarter Earnings of $106,000 and Declares Quarterly Dividend
SAVANNAH, Ga., July 21, 2009 (GLOBE NEWSWIRE) -- The Savannah Bancorp, Inc. (Nasdaq:SAVB - News) reported net income for the second quarter 2009 of $106,000 compared to $1,886,000 in the second quarter 2008. Net income per diluted share was 2 cents in the second quarter of 2009 compared to 32 cents per diluted share in 2008. The decline in second quarter earnings results primarily from a higher provision for loan losses, higher FDIC insurance premiums and a lower net interest margin in 2009 as compared to 2008. Pretax earnings before the provision for loan losses and gain/loss on sale of securities and OREO were $3,946,000 in the second quarter 2009 compared to $3,875,000 in 2008. Other growth and performance ratios are included in the attached financial highlights and information. During the second quarter 2009, the Company's two largest subsidiaries, The Savannah Bank, N.A. ("Savannah") and Bryan Bank & Trust ("Bryan"), continued to be profitable. Savannah and Bryan account for approximately 91 percent of the Company's total assets and 92 percent of total loans. Total assets increased 5.8 percent to $1.02 billion at June 30, 2009, up $56 million from $964 million a year earlier. Loans totaled $862 million compared to $838 million one year earlier, an increase of 2.8 percent. Deposits totaled $847 million and $808 million at June 30, 2009 and 2008, respectively, an increase of 4.8 percent. Shareholders' equity increased 0.7 percent to $79 million at June 30, 2009 from $78 million at June 30, 2008. The Company's total ...Click here to read the whole Article (external link)
SAVANNAH BANCORP INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward-Looking Statements The Company may, from time to time, make written or oral "forward-looking statements," including statements contained in the Company's filings with the SEC (including this quarterly report on Form 10-Q) and in its reports to shareholders and in other communications by the Company, which are made in good faith by the Company pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. This MD&A and other Company communications and statements may contain "forward-looking statements." These forward-looking statements may include, among others, statements about our beliefs, plans, objectives, goals, expectations, estimates and intentions that are subject to significant risks and uncertainties and which may change based on various factors, many of which are beyond our control. The words "may," "could," "should," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "indicate," "plan" and similar words are intended to identify expressions of the future. These forward-looking statements involve risks and uncertainties, such as statements of the Company's plans, objectives, expectations, estimates and intentions that are subject to change based on various important factors (some of which are beyond the Company's control). The following factors, among others, could cause the Company's financial performance to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements: the strength of the United States economy in general and the strength of the local economies in which the Company conducts operations; the effects of, and changes in, trade, monetary and fiscal policies and laws, in...Click here to read the whole Article (external link)
SAVANNAH BANCORP INC Files SEC form 8-K, Regulation FD Disclosure
Show all filings for SAVANNAH BANCORP INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for SAVANNAH BANCORP INC 22-Apr-2009Regulation FD Disclosure 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 provided "as is" for informational purposes only, not intende...Click here to read the whole Article (external link)
North East And Mid Atlantic Banks: Looking For Value In Community Banks
67 WALL STREET, New York - October 9, 2009 - The Wall Street Transcript has just published its Northeast and Mid-Atlantic Regional Banks Report offering a timely review of the sector to serious investors and industry executives. This 121 page feature contains expert industry commentary through 21 in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. Topics covered: Residential Mortgage Situation -- Regional Banks Mergers and Acquisitions Timing Strategy -- Commercial Mortgage Portfolio Decay -- Timing Of Commercial Mortgage Portfolio Bad Debt Write Offs-- FDIC Hit List For Bank Closings -- Mutual Holding Company Structure -- Interest Rate Scenarios -- Banking Pricing Power -- Expensive Bank Valuations -- Tangible Book As Guide For Bank Stock Pricing -- Distressed Sales Of Community and Regional Banks -- TARP Program -- Attitude Of Institutional Investors Towards Resurgence in Community Banking -- Unique Business Models -- Regional Bank Boards Looking For Exit Companies include: BB and T (BBT); Colonial (CNB); First Niagara (FNFG); PNC (PNC); National City (NCC-PA); Harleysville National (HNBC); Citizens First Bancorp (CTZN); Regions Financial (RF); Bank of America (BAC); SunTrust Banks (STI); Pinnacle Financial (PNFP); Northwest Bancorp Inc. (NWSB); Beneficial (BNCL); Investor Savings Bancorp (ISBC); Territorial Bancorp (TBNK); FNB Bancorp (FNBG.OB); National Penn (NPBC); Trustco Bank (TRST); KeyBank (KEY); M and T Bank (MTB); New York Community Bancorp (NYB); Bank of New York Mellon (BK);...Click here to read the whole Article (external link)
SAVANNAH BANCORP INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward-Looking Statements The Company may, from time to time, make written or oral "forward-looking statements," including statements contained in the Company's filings with the SEC (including this quarterly report on Form 10-Q) and in its reports to shareholders and in other communications by the Company, which are made in good faith by the Company pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. This MD&A and other Company communications and statements may contain "forward-looking statements." These forward-looking statements may include, among others, statements about our beliefs, plans, objectives, goals, expectations, estimates and intentions that are subject to significant risks and uncertainties and which may change based on various factors, many of which are beyond our control. The words "may," "could," "should," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "indicate," "plan" and similar words are intended to identify expressions of the future. These forward-looking statements involve risks and uncertainties, such as statements of the Company's plans, objectives, expectations, estimates and intentions that are subject to change based on various important factors (some of which are beyond the Company's control). The following factors, among others, could cause the Company's financial performance to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements: the strength of the United States economy in general and the strength of the local economies in which the Company conducts operations; the effects of, and changes in, trade, monetary and fiscal policies and laws, in...Click here to read the whole Article (external link)
SAVANNAH BANCORP INC Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for SAVANNAH BANCORP INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for SAVANNAH BANCORP INC 21-Jul-2009Results of Operations and Financial Condition 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 provided "as is" for informational purpo...Click here to read the whole Article (external link)
Savannah Bancorp Reports Third Quarter Earnings of $346,000 and Declares Quarterly Dividend
SAVANNAH, Ga., Oct. 20, 2009 (GLOBE NEWSWIRE) -- The Savannah Bancorp, Inc. (Nasdaq:SAVB - News) reported net income for the third quarter 2009 of $346,000 compared to $1,638,000 in the third quarter 2008. Net income per diluted share was 6 cents in the third quarter of 2009 compared to 28 cents per diluted share in 2008. The quarter over quarter decline in earnings results primarily from a higher provision for loan losses, higher FDIC insurance premiums and a lower net interest margin in 2009 as compared to 2008. Pretax earnings before the provision for loan losses and gain/loss on sale of securities and foreclosed assets were $3,607,000 in the third quarter 2009 compared to $4,055,000 in 2008. Net income for the first nine months of 2009 was $167,000 compared to $5,228,000 for the same period in 2008. Other growth and performance ratios are included in the attached financial highlights and information. Total assets increased 6.1 percent to $1.04 billion at September 30, 2009, up $60 million from $981 million a year earlier. Loans totaled $867 million compared to $854 million one year earlier, an increase of 1.5 percent. Deposits totaled $881 million and $803 million at September 30, 2009 and 2008, respectively, an increase of 9.7 percent. Shareholders' equity was $79.0 million at September 30, 2009 compared to $79.6 million at September 30, 2008. The Company's total capital to risk-weighted assets ratio was 11.53 percent, which exceeds the 10 percent required by the regulatory agencies to maintain well-capitalized status. ...Click here to read the whole Article (external link)
SAVANNAH BANCORP INC Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue14,964 14,670 14,575 15,226 Cost of Revenue4,057 4,264 4,481 4,969 Gross Profit - 10,406 10,094 10,257 Operating ExpensesResearch Development - - - - Selling General and Administrative7,525 5,854 6,311 5,921 Non Recurring(1,049)885 164 141 Others3,560 3,225 3,720 2,414 Total Operating Expenses - - - - Operating Income or Loss - 442 (101)1,781 Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes871 442 (101)1,781 Interest Expense440 416 419 623 Income Before Tax431 26 (520)1,158 Income Tax Expense85 (80)(235)380 Minority Interest - - - - Net Income From Continuing Ops346 106 (285)778 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - - ...Click here to read the whole Article (external link)
SAVANNAH BANCORP INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward-Looking Statements The Company may, from time to time, make written or oral "forward-looking statements," including statements contained in the Company's filings with the SEC (including this quarterly report on Form 10-Q) and in its reports to shareholders and in other communications by the Company, which are made in good faith by the Company pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. This MD&A and other Company communications and statements may contain "forward-looking statements." These forward-looking statements may include, among others, statements about our beliefs, plans, objectives, goals, expectations, estimates and intentions that are subject to significant risks and uncertainties and which may change based on various factors, many of which are beyond our control. The words "may," "could," "should," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "indicate," "plan" and similar words are intended to identify expressions of the future. These forward-looking statements involve risks and uncertainties, such as statements of the Company's plans, objectives, expectations, estimates and intentions that are subject to change based on various important factors (some of which are beyond the Company's control). The following factors, among others, could cause the Company's financial performance to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements: the strength of the United States economy in general and the strength of the local economies in which the Company conducts operations; the effects of, and changes in, trade, monetary and fiscal policies and laws, in...Click here to read the whole Article (external link)
SAVANNAH BANCORP INC Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for SAVANNAH BANCORP INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for SAVANNAH BANCORP INC 21-Oct-2009Results of Operations and Financial Condition 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 provided "as is" for informational purpos...Click here to read the whole Article (external link)
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