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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank -- Ignore unavailable to you. Want to Upgrade?


To: peter michaelson who wrote (1028)10/28/1998 6:38:00 PM
From: Elsewhere  Respond to of 2414
 
>What are the assets listed on the balance sheet?
>Are they loans to consumers or are they
>big institutional credits they bought in the marketplace?

I only have access to public information ;-), here is what's given in the Q3 press release:

biz.yahoo.com

Tuesday October 20, 7:02 am Eastern Time
Net.B@nk, Inc. Announces Third Quarter Results for Fiscal 1998

(...) Net.B@nk invests its deposits primarily in single-family residential loans to high credit quality borrowers.

You might also want to have a look at the Yahoo message board,
messages.yahoo.com
message 1000. It contains a reply of the NTBK CFO to an article by Herb Greenberg in TheStreet.com.

Jochen