UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10KSB/A
Amendment No. 1
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 [FEE REQUIRED]
For the fiscal year ended December 31, 1997
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the transition period from to
Commission File Number 0-21165
FIRST ALLEN PARISH BANCORP, INC.
(Name of small business issuer in its charter)
Delaware 72-1331593
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
222 South 10th Street, Oakdale, Louisiana 71463
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (318) 335-2031
Securities Registered Pursuant to Section 12(b) of the Act:
None
Securities Registered Pursuant to Section 12(g) of the Act:
Common Stock, par value $.01 per share
(Title of class)
Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 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 [ ]
Check if there is no disclosure of delinquent filers in response to
Item 405 of Regulation S-B contained herein, and no disclosure will be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB. [X]
The Registrant's revenues for the fiscal year ended December 31, 1997
were $2,302,404.
As of March 23, 1998, there were issued and outstanding 264,506 shares
of the Registrant's Common Stock. The Registrant's voting stock is not regularly
and actively traded, and there are no regularly quoted bid and asked prices for
the Registrant's voting stock. Accordingly, the Registrant is unable to
determine the aggregate market value of the voting stock held by non-affiliates.
<PAGE>
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.
FIRST ALLEN PARISH BANCORP, INC.
Date: March 27, 1998 By: /s/ Charles L. Galligan
-----------------------
Charles L. Galligan, President and
Chief Executive Officer
Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed by the following persons on behalf of the registrant
and in the capacities and on the dates indicated.
By: /s/ Charles L. Galligan By: /s/ Betty Jean Parker
----------------------- ---------------------
Charles L. Galligan, President and Betty Jean Parker, Treasurer
Chief Executive Officer (Principal Financial and
(Principal Executive Officer) Accounting Officer)
Date: March 27, 1998 Date: March 27, 1998
By: /s/ Dr. James D. Sandefur By: /s/ Jesse Boyd, Jr.
------------------------- -------------------
Dr. James D. Sandefur, Chairman Jesse Boyd, Jr., Director
Date: March 27, 1998 Date: March 27, 1998
By: /s/ James E. Riley By: /s/ J. C. Smith
------------------ ----------------
James E. Riley, Director J. C. Smith, Director
Date: March 27, 1998 Date: March 27, 1998
By: /s/ Leslie A. Smith
-------------------
Leslie A. Smith, Director
Date: March 27, 1998
<TABLE> <S> <C>
<ARTICLE> 9
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE DECEMBER
31, 1997 CONSOLIDATED BALANCE SHEET AND THE CONSOLIDATED STATEMENT OF INCOME FOR
THE 12 MONTHS ENDED DECEMBER 31,1997, AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<CASH> 586,468
<INT-BEARING-DEPOSITS> 1,297,774
<FED-FUNDS-SOLD> 0
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 5,478,291
<INVESTMENTS-CARRYING> 11,668,946
<INVESTMENTS-MARKET> 11,666,662
<LOANS> 13,645,908
<ALLOWANCE> 300,686
<TOTAL-ASSETS> 33,519,187
<DEPOSITS> 28,656,542
<SHORT-TERM> 0
<LIABILITIES-OTHER> 327,927
<LONG-TERM> 0
0
0
<COMMON> 2,645
<OTHER-SE> 187,434
<TOTAL-LIABILITIES-AND-EQUITY> 33,519,187
<INTEREST-LOAN> 1,166,776
<INTEREST-INVEST> 1,041,868
<INTEREST-OTHER> 93,760
<INTEREST-TOTAL> 2,302,404
<INTEREST-DEPOSIT> 1,210,611
<INTEREST-EXPENSE> 15,926
<INTEREST-INCOME-NET> 1,075,867
<LOAN-LOSSES> (3,000)
<SECURITIES-GAINS> 419
<EXPENSE-OTHER> 947,477
<INCOME-PRETAX> 402,209
<INCOME-PRE-EXTRAORDINARY> 402,209
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 254,500
<EPS-PRIMARY> 1.04
<EPS-DILUTED> 1.04
<YIELD-ACTUAL> 8.17
<LOANS-NON> 126
<LOANS-PAST> 0
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 199
<ALLOWANCE-OPEN> 292,367
<CHARGE-OFFS> 15,643
<RECOVERIES> 13,756
<ALLOWANCE-CLOSE> 294,254
<ALLOWANCE-DOMESTIC> 21,085
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 273,169
</TABLE>
