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<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 10-QSB/A*
Amendment No. 1
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 1996
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR THE TRANSITION PERIOD FROM ________________ TO ______________
COMMISSION FILE NUMBER 0-21163
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CBES BANCORP, INC.
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(Exact name of small business issuer as specified in its charter)
DELAWARE 43-1753244
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(State or other jurisdiction of incorporation or organization
(IRS Employer Identification No.)
1001 N. JESSE JAMES ROAD, EXCELSIOR SPRINGS, MO 64024
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(Address of principal executive offices)
(816) 630-6711
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(Issuer's telephone number)
NOT APPLICABLE
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(Former name, former address and former fiscal year, if changed since last
report)
Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d)the Exchange Act during the past 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 outstanding of each of the issuer's classes
of common equity, as of the latest practicable date:
Outstanding at
Class November 1, 1996
----- ----------------
Common stock, .01 par value 1,024,958
* The purpose of the amended filing is to correct the alignment of the
consolidated statements of financial condition.
<PAGE>
1
CBES BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
SEPTEMBER 30, 1996 AND JUNE 30,1996
<TABLE>
<CAPTION>
September 30, June 30,
Assets 1996 1996
------ ---- ----
(unaudited)
<S> <C> <C>
Cash $ 693,501 683,769
Interest-bearing deposits in other financial institutions 7,288,841 2,775,590
Investment securities available-for-sale (amortized cost of $2,001,875
and $2,002,250, respectively) 1993,437 1974,500
Investment securities held-to-maturity 100,000 100,000
Mortgage-backed securities-to-maturity (estimated fair value of
$380,779 and $392,162, respectively) 387,449 400,394
Loans held-for-sale, net 92,000 366,000
Loans receivable, net 81,379,680 79,043,759
Accrued interest receivable:
Loans receivable 620,097 597,484
Investment securities 17,664 25,178
Mortgage-backed securities 3,037 3,175
Stock in Federal Home Loans Bank (FHLB), at cost 810,700 810,700
Office property and equipment, net 1,276,674 1,272,907
Deferred income tax benefit - 23,000
Cash surrender value of life insurance and other assets 2,053,056 1,753,504
------------ ----------
Total assets $ 96,716,136 89,829,960
============ ==========
Liabilities and Stockholders' Equity
------------------------------------
Liabilities;
Deposits $ 65,643,571 68,169,560
FHLB advances 12,000,000 12,000,000
Accrued expenses and other liabilities 886,853 525,177
Accrued interest payable on deposits 116,007 11,227
Accrued payments by borrowers for property taxes and insurance 924,618 691,797
Current income taxes payable 159,506 266,309
Deferred income taxes 8,786 -
------------ ----------
Total liabilities 79,739,341 81,764,070
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Stockholders' equity
Preferred stock, $.01 par; 500,000 shares authorized, none issued
or outstanding - -
Common stock, $.01 par; 3,500,000 shares authorized, 1,024,958
shares issued and outstanding 10,250 -
Additional paid- capital 9,726,830 -
Retained earnings, substantially restricted 8,064,738 8,082,540
Unrealized losses on available-for-sale securities, net of tax (5,063) (16,650)
Unearned employee benefits (819,960) -
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Total stockholders' equity 16,976,795 8,065,890
------------- ----------
Total liabilities and stockholders' equity $ 96,716,136 89,829,960
============= ==========
</TABLE>
See accompanying notes to unaudited consolidated financial statements.
<PAGE>
13
SIGNATURES
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Pursuant to the requirement 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.
CBES BANCORP, INC.
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(Registrant)
Date: November 14, 1996
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By: /s/ Larry E. Hermreck
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Larry E. Hermreck
Chief Executive Officer and Secretary
(Duly Authorized Officer)
Date: November 14, 1996
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By: /s/ Dennis D. Hartman
-------------------------------------
Dennis D. Hartman
Controller and Chief Financial Officer
(Principal Financial Officer)
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