UNITED STATES
SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
Washington, D.C. 20549 ------------
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FORM 12b-25 SEC FILE NUMBER
000-21939
NOTIFICATION OF LATE FILING CUSIP NUMBER
708904 10 7
(Check One): / /Form 10K / /Form 20-F / /Form 11-K /x/Form 10-QSB
/ / Form N-SAR
For Period Ended: December 31, 1999
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[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
__________________________________
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Read Instruction (on back page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
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If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
_____________________________________________________________________________
PART I REGISTRANT INFORMATION
Pennwood Bancorp, Inc.
_____________________________________________________________________________
Full Name of Registrant
NA
_____________________________________________________________________________
Former Name if Applicable
683 Lincoln Avenue
_____________________________________________________________________________
Address of Principal Executive Office (Street and Number)
Pittsburgh, Pennsylvania 15202
_____________________________________________________________________________
City, State and Zip Code
PART II RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate)
/x/ (a) The reasons described in reasonable detail in Part III of
this form could not be eliminated without unreasonable effort
or expense;
/x/ (b) The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion
thereof, will be filed on or before the fifteenth calendar day
following the prescribed due date; or the subject quarterly
report of transition report on Form 10-Q, or portion thereof
will be filed on or before the fifth calendar day following
the prescribed due date; and
/ / (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
PART III NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
Certain information required to be disclosed in the subject Form 10-QSB was
not available to timely file such Form 10-QSB. Such information will be
received prior to the extended due date of the Form 10-QSB. The Form 10-QSB
will be filed within the required extension period.
(Attach Extra Sheet if Needed) Potential persons who are to respond to the
collection of Information contained in this
form are not required to respond unless the
form displays a currently valid OMB control
number.
SEC 1344 (2-99)
PART IV OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Paul S. Pieffer 412 761-1234
______________________________________________________________________________
(Name) (AreaCode) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period
that the registrant was required to file such report(s) been filed? If
answer is no, identify report(s).
/x/ Yes / / No
_____________________________________________________________________________
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected
by the earnings statements to be included in the subject report or
portion thereof?
/x/ Yes / / No
See attachment "Response to Question 3".
If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.
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Pennwood Bancorp, Inc.
___________________________________________
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date February 15, 2000 By /s/ Paul S. Pieffer
_________________________ _________________________________
Name: Paul S. Pieffer
Title: President and
Chief Executive Officer
INSTRUCTION: The form may be signed by an executive officer of the registrant
or by any other duly authorized representative. The name and title of the
person signing the form shall be typed or printed beneath the signature. If
the statement is signed on behalf of the registrant by an authorized
representative (other than an executive officer), evidence of the
representative's authority to sign on behalf of the registrant shall be filed
with the form.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General
Rules and Regulations under the Securities Exchange Act of 1934.
2. One signed original and four conformed copies of this form and
amendments thereto must be completed and filed with the Securities and
Exchange Commission, Washington, D.C. 20549, in accordance with Rule 0-3
of the General Rules and Regulations under the Act. The information
contained in or filed with the form will be made a matter of public
record in the Commission files.
3. A manually signed copy of the form and amendments thereto shall be filed
with each national securities exchange on which any class of securities
of the registrant is registered.
4. Amendments to the notifications must also be filed on form 12b-25 but
need not restate information that has been correctly furnished. The form
shall be clearly identified as an amended notification.
5. Electronic Filers. This form shall not be used by electronic filers
unable to timely file a report solely due to electronic difficulties.
Filers unable to submit a report within the time period prescribed due
to difficulties in electronic filing should comply with either Rule 201
or Rule 202 of Regulation S-T (Section 232.201 or Section 232.202 of this
chapter) or apply for an adjustment in filing date pursuant to Rule 13(b)
of Regulation S-T (Section 232.13(b) of this chapter).
Response to Question 3
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As a result primarily of a decline in the Registrant's net interest income due
to interest rate compression as well as increased loan loss provisions during
the second quarter of fiscal 2000 combined with decreased non-interest income
and increased non-interest expenses, the Registrant expects a significant
decline in its net income for the three and six months ended December 31, 1999
as compared to the corresponding periods in the prior year.
