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Previous: DATA PROCESSING RESOURCES CORP, S-8, 1996-06-28 |
Next: KEYSTONE EMERGING MARKETS FUND, NSAR-A, 1996-06-28 |
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1996
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934
Commission File Number 0-27514
TOMPKINS COUNTY TRUSTCO, INC.
(Exact name of registrant as specified in its charter)
New York 161482357-8
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
The Commons, P.O. Box 460, Ithaca, NY 14851
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (607) 273-3210
Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days: Yes [X] No [ ].
Indicate the number of shares of the Registrant's Common Stock outstanding as of
the latest practicable date:
Class Outstanding as of May 6, 1996
----- -----------------------------
Common Stock, $.10 par value 3,580,765 shares
<PAGE>
TOMPKINS COUNTY TRUSTCO, INC
FORM 10Q
INDEX
<TABLE>
<CAPTION>
PART I - FINANCIAL INFORMATION
PAGE
----
<S> <C>
Item 1- Financial Statements
Condensed Consolidated Statements of
Condition March 31, 1996 and
December 31, 1996 2-3
Condensed Consolidated Statements of Income
for the three months ended March 31,
1996 and 1995 4
Consolidated Statements of Cash Flows
for the three months ended March 31,
1996 and 1995 5
Consolidated Statements of Changes in
Shareholders' Equity for the three
months ended March 31, 1996 and 1995 6
Exhibit 27 - Article 9 of Regulation S-X
for the three months ended March 31, 1996 6A-6B
Notes to Financial Statements 7-8
Item 2- Management's Discussion and Analysis of
Financial Condiditon and Results of Operations 9-11
Average Consolidated Balance Sheet and Net
Interest Analysis 12
PART II - OTHER INFORMATION 13
SIGNATURES 14
</TABLE>
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Date: June 26, 1996
TOMPKINS COUNTY TRUSTCO, INC.
By: /s/ JAMES J. BYRNES
-------------------------------------
James J. Byrnes
Chairman of the Board,
President and Chief Executive Officer
By: /s/ RICHARD D. FARR
------------------------------------
Richard D. Farr
Senior Vice President and
Chief Financial Officer
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 9
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> MAR-31-1996
<CASH> 25,205
<INT-BEARING-DEPOSITS> 306,897
<FED-FUNDS-SOLD> 2,000
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 145,165
<INVESTMENTS-CARRYING> 37,496
<INVESTMENTS-MARKET> 38,508
<LOANS> 323,300
<ALLOWANCE> 4,729
<TOTAL-ASSETS> 544,186
<DEPOSITS> 378,244
<SHORT-TERM> 99,163
<LIABILITIES-OTHER> 6,194
<LONG-TERM> 6,000
0
0
<COMMON> 597
<OTHER-SE> 53,988
<TOTAL-LIABILITIES-AND-EQUITY> 544,186
<INTEREST-LOAN> 7,359
<INTEREST-INVEST> 2,944
<INTEREST-OTHER> 0
<INTEREST-TOTAL> 10,303
<INTEREST-DEPOSIT> 2,838
<INTEREST-EXPENSE> 4,214
<INTEREST-INCOME-NET> 6,089
<LOAN-LOSSES> 204
<SECURITIES-GAINS> 0
<EXPENSE-OTHER> 4,452
<INCOME-PRETAX> 3,384
<INCOME-PRE-EXTRAORDINARY> 3,384
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 2,200
<EPS-PRIMARY> 0.62
<EPS-DILUTED> 0.62
<YIELD-ACTUAL> 8.27
<LOANS-NON> 1,170
<LOANS-PAST> 379
<LOANS-TROUBLED> 130
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 4,704
<CHARGE-OFFS> 296
<RECOVERIES> 117
<ALLOWANCE-CLOSE> 4,729
<ALLOWANCE-DOMESTIC> 4,729
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 847
</TABLE>
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