UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-KSB/A
For the fiscal year ended December 31, 1995
Commission File Number: 33-96358
BOURBON BANCSHARES, INC.
(Exact name of registrant as specified in its charter)
Kentucky 61-0993464
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
P.O. Box 157, Paris, Kentucky 40362-0157
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (606)987-1795
The purpose of this amendment is to add a comment to the Capital
section of Management's Discussion and Analysis of Financial Condition
and Results of Operations and add an accountant's opinion letter for a
prior year's audit to the Exhibits.
Capital
In management's opinion, the imposing of a one-time SAIF special
assessment of an estimated 65 cents per $100 of SAIF deposits would
result in an expense of nearly $300 thousand before income taxes, and
nearly $200 thousand after income taxes. Other than that mentioned
above, there are no other known trends, events or uncertainties that will
have or that are reasonably likely to have a material effect on the
Company's liquidity, capital resources or operations.
PART IV
Item 14. Exhibits, Financial Statement Schedules, and Reports on Form
8-K
(a) The following exhibits are incorporated by reference herein or
made a part of this Form 10-K:
99 Miller, Mayer, Sullivan & Stevens Independent Auditors' Report
for Jessamine First Federal Savings and Loan Association of
Nicholasville as of September 30, 1994
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
Bourbon Bancshares, Inc.
By: ________________________
Buckner Woodford, President and Chief Executive Officer, Director
December 18, 1996
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated.
_____________________________ December 18, 1996
Buckner Woodford, President and Chief Executive Officer, Director
_____________________________ December 18, 1996
Gregory J. Dawson, Chief Financial and Accounting Officer
_____________________________ December 18 , 1996
James L. Ferrell, M.D., Chairman of the Board, Director
_____________________________ December 18, 1996
Joe Allen, Director
_____________________________ December 18, 1996
William Arvin, Director
_____________________________ December 18, 1996
Russell M. Brooks, Director
_____________________________ December 18, 1996
Henry Hinkle, Director
_____________________________ December 18, 1996
Theodore Kuster, Director
_____________________________ December 18, 1996
Joseph B. McClain, Director
_____________________________ December 18, 1996
C. Thomas Skeen, Director
_____________________________ December 18, 1996
Charles S. Spears, Jr., Director
_____________________________ December 18, 1996
William R. Stamler, Director
_____________________________ December 18, 1996
Robert G. Thompson, Directo
INDEX TO EXHIBITS
Exhibit Number Description of Document
99 Miller, Mayer, Sullivan & Stevens Independent
Auditors' Report for Jessamine First Federal
Savings and Loan Association of Nicholasville
as of September 30, 1994
EXHIBIT 99
INDEPENDENT AUDITORS' REPORT
Board of Directors
Jessamine First Federal Savings and Loan
Association of Nicholasville
Nicholasville, Kentucky
We have audited the accompanying consolidated statement of financial
condition of Jessamine First Federal Savings and Loan Association of
Nicholasville and Subsidiary as of September 30, 1994 and 1993, and the
related consolidated statements of income, changes in stockholders'
equity, and cash flows for each of the years in the three year period ended
September 30, 1994. These consolidated financial statements are the
responsibility of the Association's management. Our responsibility is to
express an opinion on these consolidated financial statements based on
our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the consolidated financial
statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and
disclosures in the consolidated financial statements. An audit also
includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above
present fairly, in all material respects, the financial position of Jessamine
First Federal Savings and Loan Association of Nicholasville and
Subsidiary as of September 30, 1994 and 1993, and the results of their
operations and their cash flows for each of the years in the three year
period ended September 30, 1994 in conformity with generally accepted
accounting principles.
Our audits were made for the purpose of forming an opinion on the basic
financial statements of Jessamine First Federal Savings and Loan
Association of Nicholasville taken as a whole. The accompanying
Schedule of Compliance with Freddie Mac Net Worth Requirement on
page 28 is presented for purposes of fulfilling Freddie Mac reporting
requirements and is not a required part of the basic financial statements of
Jessamine First Federal Savings and Loan Association of Nicholasville.
This information has been subjected to the auditing procedures applied in
our audit of the basic financial statements of Jessamine First Federal
Savings and Loan Association of Nicholasville and, in our opinion, is
fairly stated in all material respects in relation to the basic financial
statements taken as a whole.
This report is intended for the information of the board of directors,
management, and Freddie Mac.
Miller, Mayer, Sullivan & Stevens
Lexington, Kentucky
November 4, 1994
