People: Peoples Bancorp of North Carolina Inc (PEBK.W)

Summary

Name	Age	Since	Current Position
Robert Abernethy	61	1991	Independent Chairman of the Board
Lance Sellers	50	2012	President, Chief Executive Officer of the Company and the Bank
A. Joseph Lampron	57	2001	CFO, EVP, Corporate Treasurer; Executive Vice President and Chief Financial Officer of the Bank
William Cable	43	2001	EVP, Assistant Corporate Treasurer; EVP and Chief Operating Officer of the Bank
Joseph Beaman	62	2001	EVP, Corporate Secretary; EVP, Chief Administrative Officer and Secretary of the Bank
James Abernethy	57	1992	Independent Director
Douglas Howard	53	2004	Independent Director
John Lineberger	61	2004	Independent Director
Gary Matthews	56	2001	Independent Director
Billy Price	55	2004	Independent Director
Larry Robinson	66	1993	Independent Director
William Terry	44	2004	Independent Director
Dan Timmerman	64	1995	Independent Director
Benjamin Zachary	56	1995	Independent Director

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Biographies

Name	Description
Robert Abernethy	Mr. Robert C. Abernethy is Independent Chairman of the Board of Peoples Bancorp of North Carolina Inc. He is employed by Carolina Glove Company, Inc., a glove manufacturing company, as its President, Secretary and Treasurer. Mr. Abernethy continues to serve as Secretary and Assistant Treasurer of Midstate Contractors, Inc., a paving company. He has served as a director of the Company since 1976 and as Chairman since 1991. Mr. Abernethy has a total of 35 years of banking experience and is a graduate of the North Carolina Bank Directors’ College and attended the initial Advanced Directors’ Training session offered by the North Carolina Bank Directors’ College in association with the College of Management at North Carolina State University. Mr. Abernethy earned a B.S. degree from Gardner Webb University in North Carolina. He serves on the Finance Committee and Investment Committee of Grace United Church of Christ. Mr. Abernethy also serves on the board of directors of Carolina Glove Company, Inc. and Midstate Contractors, Inc. both privately held companies.
Lance Sellers	Mr. Lance A. Sellers has been appointed as the President, Chief Executive Officer of Peoples Bancorp of North Carolina Inc., and the Peoples Bank. He is no longer Executive Vice President and Assistant Corporate Secretary of Peoples Bancorp of North Carolina Inc., and Executive Vice President and Chief Credit Officer of Peoples Bank., effective November 1, 2012. He has been employed by the Company and the Bank since 1998. Mr. Sellers has a total of 27 years of banking experience. He is a graduate of the University of North Carolina at Chapel Hill and upon graduation served as a senior credit officer at a regional bank headquartered in North Carolina.
A. Joseph Lampron	Mr. A. Joseph Lampron, Jr., is Executive Vice President, Chief Financial Officer and Corporate Treasurer of Peoples Bancorp of North Carolina Inc., and Executive Vice President and Chief Financial Officer of Peoples Bank. Mr. Lampron is a graduate of the University of North Carolina at Chapel Hill and upon graduation worked as a certified public accountant with a national accounting firm. His work with the firm included audits of banks and thrift institutions. Mr. Lampron has also served as Chief Financial Officer of a thrift institution and as a senior change manager in the finance group of a North Carolina bank. Mr. Lampron has a total of 32 years of banking experience.
William Cable	Mr. William D. Cable, Sr., is Executive Vice President and Assistant Corporate Treasurer of Peoples Bancorp of North Carolina Inc., and Executive Vice President and Chief Operating Officer of Peoples Bank. He has been employed by the Company and the Bank since 1995, where he has served as Senior Vice President-Information Services. Mr. Cable has a total of 20 years of banking experience. Prior to joining the Company, Mr. Cable was a regulatory examiner with the Federal Deposit Insurance Corporation. He is a graduate of Western Carolina University and the School of Banking of the South at Louisiana State University.
Joseph Beaman	Mr. Joseph F. Beaman, Jr., is Executive Vice President and Corporate Secretary of Peoples Bancorp of North Carolina Inc., and Executive Vice President, Chief Administrative Officer and Secretary of Peoples Bank. He has been employed by the Company and the Bank since 1977, where he has served as Vice President-Operations and Senior Vice President. Mr. Beaman has a total of 39 years of banking experience. He is a graduate of Pfeiffer University, the North Carolina School of Banking, and the Graduate School of Financial Management at the University of Texas in Austin.
James Abernethy	Mr. James S. Abernethy is Independent Director of Peoples Bancorp of North Carolina Inc., since 1992. He is employed by Carolina Glove Company, Inc., a glove manufacturing company as its Vice President. Mr. Abernethy continues to serve as President and Assistant Secretary of Midstate Contractors, Inc., a paving company and also as Vice President, Secretary and Chairman of the Board of Directors of Alexander Railroad Company. Mr. Abernethy is also a director of Burke Mills, a public company. Mr. Abernethy has a total of 19 years of banking experience and is a graduate of the North Carolina Bank Directors’ College and attended the initial Advanced Directors’ Training session offered by the North Carolina Bank Directors’ College in association with the College of Management at North Carolina State University. Mr. Abernethy earned a business administration degree from Gardner Webb University in North Carolina. Over his 19 years of service on the Board of Directors, Mr. Abernethy has served on all the Bank’s and the Company’s committees.
Douglas Howard	Mr. Douglas S. Howard is Independent Director of Peoples Bancorp of North Carolina Inc., since March 19, 2004. He is the owner of Howard Ventures. He is also employed by Denver Equipment of Charlotte, Inc. as Secretary/Treasurer. Mr. Howard is currently serving as the President of Eastern Catawba Cooperative Christian Ministry. Mr. Howard has a total of 13 years of banking experience and is a graduate of the North Carolina Bank Directors’ College and attended the initial Advanced Directors’ Training session offered by the NC Bank Directors’ College in association with the College of Management at North Carolina State University. He also serves on the Western NC Methodist Church Board of Finance. Mr. Howard also serves on the boards of other privately-held companies.
John Lineberger	Mr. John W. Lineberger, Jr., is Independent Director of Peoples Bancorp of North Carolina Inc., since March 19, 2004. He is employed by Lincoln Bonded Warehouse Company, a commercial warehousing facility, as President. Mr. Lineberger has a total of seven years of banking experience and is a graduate of the North Carolina Bank Directors’ College and attended the initial Advanced Directors’ Training session offered by the NC Bank Directors’ College in association with the College of Management at North Carolina State University. Mr. Lineberger earned a B.S. degree in business administration from Western Carolina University.
Gary Matthews	Mr. Gary E. Matthews is Independent Director of Peoples Bancorp of North Carolina Inc., since May 8, 2001. He is employed by Matthews Construction Company, Inc. as its President and a Director. Mr. Matthews has a total of ten years of banking experience, is a graduate of the North Carolina Bank Directors’ College, and attended the initial Advanced Directors’ Training session offered by the NC Bank Directors’ College in association with the College of Management at North Carolina State University. Mr. Matthews is also a director of Conover Metal Products, a privately held company. Mr. Matthews earned a B.S. degree in civil engineering/construction from North Carolina State University.
Billy Price	Dr. Billy L. Price, Jr., M.D., is Independent Director of Peoples Bancorp of North Carolina Inc., since March 19, 2004. He is the Managing Partner and Practitioner of Internal Medicine at Catawba Valley Internal Medicine, PA. Dr. Price also serves on the Board of Trustees of Catawba Valley Medical Center. Dr. Price has a total of seven years of banking experience and is a graduate of the North Carolina Bank Directors’ College and attended the initial Advanced Directors’ Training session offered by the NC Bank Directors’ College in association with the College of Management at North Carolina State University. Dr. Price was previously the owner/pharmacist of Conover Drug Company He is also a director of Primary Physician Care, a private company. Dr. Price earned a B.S. degree in pharmacy from the University of North Carolina at Chapel Hill and his MD from East Carolina University School of Medicine.
Larry Robinson	Mr. Larry E. Robinson is Independent Director of Peoples Bancorp of North Carolina Inc., since 1993. He is employed by The Blue Ridge Distributing Company, Inc., a beer and wine distributor, as the President and Chief Executive Officer. He is a partner and Chief Operating Officer of United Beverages of North Carolina, LLC, a beer distributor. Mr. Robinson has a total of 18 years of banking experience and is a graduate of the North Carolina Bank Directors’ College. Mr. Robinson attended Western Carolina University and received an Associate Degree in Business and Accounting from Catawba Valley Community College in North Carolina.
William Terry	Mr. William Gregory Terry is Independent Director of Peoples Bancorp of North Carolina Inc., since March 19, 2004. He is employed by Drum & Willis-Reynolds Funeral Homes and Crematory as Executive Vice President. Mr. Terry has a total of seven years of banking experience and is a graduate of the North Carolina Bank Directors’ College and attended the initial Advanced Directors’ Training session offered by the NC Bank Directors’ College in association with the College of Management at North Carolina State University. Mr. Terry graduated with a B.S. degree in business management from Clemson University in South Carolina. Mr. Terry serves on numerous civic and community boards.
Dan Timmerman	Mr. Dan Ray Timmerman, Sr., is Independent Director of Peoples Bancorp of North Carolina Inc., since 1995. He is employed by Timmerman Manufacturing, Inc., a wrought iron furniture, railings and gates manufacturer, as its President and Chief Executive Officer. Mr. Timmerman has a total of 16 years of banking experience and is a graduate of the North Carolina Bank Directors’ College and attended the initial Advanced Directors’ Training session offered by the NC Bank Directors’ College in association with the College of Management at North Carolina State University. Mr. Timmerman earned a B.S. degree in business administration with a concentration in accounting from Lenoir-Rhyne University in North Carolina.
Benjamin Zachary	Mr. Benjamin I. Zachary is Independent Director of Peoples Bancorp of North Carolina Inc., since 1995. He is employed by Alexander Railroad Company as its President, Treasurer, General Manager and Director. Mr. Zachary has a total of 16 years of banking experience and is a graduate of the North Carolina Bank Directors’ College. Mr. Zachary earned a B.S. degree in business administration with a concentration in accounting from the University of North Carolina at Chapel Hill. He worked as a CPA for a national accounting firm for eight years following graduation where his assignments included financial statement audits of several banks. He formerly served as Treasurer and a member of the Finance Committee of First United Methodist Church of Taylorsville for many years. Mr. Zachary is a member of the Taylorsville Rotary Club and also serves as Treasurer.

Basic Compensation

Name	Fiscal Year Total
Robert Abernethy	--
Lance Sellers	224,599
A. Joseph Lampron	184,512
William Cable	170,010
Joseph Beaman	166,376
James Abernethy	--
Douglas Howard	--
John Lineberger	--
Gary Matthews	--
Billy Price	--
Larry Robinson	--
William Terry	--
Dan Timmerman	--
Benjamin Zachary	--

As Of 30 Dec 2011

Options Compensation

Name	Options	Value
Robert Abernethy	0	0
Lance Sellers	25,795	267,628
A. Joseph Lampron	11,151	98,744
William Cable	15,534	250,452
Joseph Beaman	26,309	279,468
James Abernethy	0	0
Douglas Howard	0	0
John Lineberger	0	0
Gary Matthews	0	0
Billy Price	0	0
Larry Robinson	0	0
William Terry	0	0
Dan Timmerman	0	0
Benjamin Zachary	0	0

Insider Trading

Name	Shares Traded	Price
CABLE WILLIAM D SR	5	$9.48
BEAMAN JOSEPH F JR	11	$9.48
BEAMAN JOSEPH F JR	44	$9.31
CABLE WILLIAM D SR	49	$9.31
TERRY WILLIAM GREGORY	17	$9.31
ZACHARY BENJAMIN I	113	$9.31
ABERNETHY JAMES S	190	$0.00
BEAMAN JOSEPH F JR	381	$0.00
SELLERS LANCE A	2,600	$7.77
SELLERS LANCE A	8,850	$9.35
SELLERS LANCE A	8,850	$7.77
HOWARD DOUGLAS S	825	$0.00
SELLERS LANCE A	1,255	$9.78
SELLERS LANCE A	1,255	$7.77
TERRY WILLIAM GREGORY	54	$10.03
LAMPRON A JOSEPH	44	$10.03
CABLE WILLIAM D SR	116	$10.03
ABERNETHY ROBERT C	55	$10.03
TIMMERMAN DAN RAY SR	194	$10.03
ZACHARY BENJAMIN I	194	$10.03
PRICE BILLY L JR	45	$10.03
BEAMAN JOSEPH F JR	10	$9.98
CABLE WILLIAM D SR	5	$9.98
LAMPRON A JOSEPH	100	$9.99
ZACHARY BENJAMIN I	250	$9.99

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People: Peoples Bancorp of North Carolina Inc (PEBK.W)

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Summary

Biographies

Basic Compensation

Options Compensation

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