During the corresponding time, Poage Bankshares, Inc. recorded a revenue increase by 17.97 % year on year, sequentially revenue fell by -5.13 %. While revenue at the Poage Bankshares, Inc.'s corporate clients
Poage Bankshares's Comment on Sales, Marketing and Customers
Our primary lending markets are in Boyd, Greenup, Lawrence, Jessamine, Montgomery
and Campbell Counties in Kentucky, and Lawrence, Scioto, Hamilton, Butler, Warren
and Clermont Counties in Ohio. Our retail deposit market includes the areas surrounding
our nine offices in northeastern Kentucky, including our main office in Ashland
and our branch offices in Flatwoods, Greenup, Louisa, South Shore, Catlettsburg,
Cannonsburg, Nicholasville and Mt. Sterling. We also operate an automated teller
machine at each of our offices and have a loan production office in the Cincinnati,
Ohio area.
Our market area includes both rural and urban communities. The total population
base in the five counties where we operate full service offices was estimated
to be 179,000 in 2014 and 2013. The economic base in our lending market was in
the past primarily industrial and reliant upon a small number of large employers,
particularly in the steel and petroleum industries. A decline in these segments
of the local economy has resulted in slow economic growth and population loss
over the last several decades. However, during recent years, a diversification
of our employment base into services including healthcare has offset to some extent
the adverse impact of the decline of our industrial base. We have further diversified
our employment base with opening of our Cincinnati, Ohio area loan production
office.
Sources:
Poage Bankshares, Inc.’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Poage Bankshares, Inc.’s corporate clients.
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