<PAGE>
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the quarterly period ended June 30, 2000
------------------
[_] 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: 333-12293
Peoples Bancorp, Inc.
-------------------------------------------------------------------------
(Exact name of small business issuer as specified in its charter)
Georgia 58-2265412
------------------------------- ----------------------------------
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
119 Maple Street, Carrollton, Georgia 30117
-----------------------------------------------------
(Address of principal executive offices)
(770) 838-9608
-----------------------------
(Issuer's telephone number)
N/A
--------------------------------------------------------------------------------
(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) of 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
--- ---
State the number of shares outstanding of each of the issuer's classes of common
equity, as of August 1, 2000: 800,000; $.01 par value.
Transitional Small Business Disclosure Format Yes No X
--- ---
<PAGE>
PEOPLES BANCORP, INC. AND SUBSIDIARY
--------------------------------------------------------------------------------
INDEX
-----
Page
----
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
Consolidated Balance Sheet - June 30, 2000.......................3
Consolidated Statements of Income and Comprehensive
Income (Loss) - Three Months Ended June 30, 2000 and 1999
and Six Months Ended June 30, 2000 and 1999.....................4
Consolidated Statement of Cash Flows - Six
Months Ended June 30, 2000 and 1999.............................5
Notes to Consolidated Financial Statements.......................6
Item 2. Management's Discussion and Analysis of
Financial Condition and Results of Operations.........7
PART II. OTHER INFORMATION
Item 4 - Submission of Matters to a Vote of Security Holders.......14
Item 6 - Exhibits and Reports on Form 8-K..........................14
Signatures.........................................................15
2
<PAGE>
PART I - FINANCIAL INFORMATION
FINANCIAL STATEMENTS
PEOPLES BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEET
JUNE 30, 2000
(Unaudited)
Assets
------
Cash and due from banks $ 2,690,742
Interest-bearing deposits in banks 199,792
Federal funds sold 1,141,103
Securities available-for-sale, at fair value 11,043,912
Loans 41,087,822
Less allowance for loan losses 495,437
---------------------
Loans, net 40,592,385
---------------------
Premises and equipment 3,863,044
Other assets 705,637
---------------------
Total assets $ 60,236,615
=====================
Liabilities and Stockholders' Equity
------------------------------------
Deposits
Demand $ 4,165,039
Interest-bearing demand 12,209,776
Savings 442,760
Time 30,025,252
---------------------
Total deposits 46,842,827
Other borrowings 5,000,000
Other liabilities 449,821
---------------------
Total liabilities 52,292,648
---------------------
Commitments and contingent liabilities
Stockholders' equity
Preferred stock, par value $.01; 1,000,000 shares authorized;
none issued or outstanding
Common stock, par value $.01; 10,000,000 shares authorized;
800,000 shares issued and outstanding 8,000
Capital surplus 7,970,587
Retained earnings 161,639
Accumulated other comprehensive loss (196,259)
---------------------
Total stockholders' equity 7,943,967
---------------------
Total liabilities and stockholders' equity $ 60,236,615
=====================
See Notes to Consolidated Financial Statements.
3
<PAGE>
PEOPLES BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF INCOME
AND COMPREHENSIVE INCOME (LOSS)
THREE MONTHS ENDED JUNE 30, 2000 AND 1999
AND SIX MONTHS ENDED JUNE 30, 2000 AND 1999
(Unaudited)
<TABLE>
<CAPTION>
Three Months Ended Six Months Ended
June 30, June 30,
------------------------------- ------------------------------
2000 1999 2000 1999
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
Interest income
Loans $ 1,037,455 $ 489,971 $ 1,857,331 $ 963,263
Taxable securities 170,388 169,309 346,563 320,942
Deposits in banks 4,959 1,200 7,258 3,554
Federal funds sold 17,862 45,738 47,958 77,865
-------------- ------------- ------------- -------------
Total interest income 1,230,664 706,218 2,259,110 1,365,624
-------------- ------------- ------------- -------------
Interest expense
Deposits 565,712 349,102 1,060,141 667,254
Other borrowings 47,568 -- 88,481 --
-------------- ------------- ------------- -------------
Total interest expense 613,280 349,102 1,148,622 667,254
-------------- ------------- ------------- -------------
Net interest income 617,384 357,116 1,110,488 698,370
Provision for loan losses 107,000 43,000 169,000 73,000
-------------- ------------- ------------- -------------
Net interest income after
provision for loan losses 510,384 314,116 941,488 625,370
-------------- ------------- ------------- -------------
Service charges on deposit accounts 23,576 14,890 43,513 30,556
Gain on sales of securities available-for-sale -- 15,950 -- 15,950
Other operating income 39,081 34,785 63,622 74,677
-------------- ------------- ------------- -------------
Total other income 62,657 65,625 107,135 121,183
-------------- ------------- ------------- -------------
Other expenses
Salaries and employee benefits 272,911 164,537 523,447 328,450
Occupancy and equipment expenses 73,856 30,284 146,352 (17,367)
Other operating expenses 149,591 98,362 292,540 225,390
-------------- ------------- ------------- -------------
Total other expenses 496,358 293,183 962,339 536,473
-------------- ------------- ------------- -------------
Income before income taxes 76,683 86,558 86,284 210,080
Income tax expense 32,480 24,862 34,349 36,232
-------------- ------------- ------------- -------------
Net income 44,203 61,696 51,935 173,848
-------------- ------------- ------------- -------------
Other comprehensive loss:
Unrealized losses on securities
available-for-sale arising during period, net of tax (8,434) (89,361) (59,028) (127,180)
Less: reclassification adjustment
for gains included in net income, net of tax -- (10,527) -- (10,527)
-------------- ------------- ------------- -------------
Total other comprehensive loss (8,434) (99,888) (59,028) (137,707)
-------------- ------------- ------------- -------------
Comprehensive income (loss) $ 35,769 $ (38,192) $ (7,093) $ 36,141
============== ============= ============= =============
Basic and diluted earnings per common share $ 0.06 $ 0.08 $ 0.07 $ 0.22
============== ============= ============= =============
Weighted average shares outstanding (basic
and diluted) 800,000 800,000 800,000 800,000
============== ============= ============= =============
Cash dividends per common share $ -- $ -- $ -- $ --
============== ============= ============= =============
</TABLE>
See Notes to Consolidated Financial Statements.
4
<PAGE>
PEOPLES BANCORP, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF CASH FLOWS
SIX MONTHS ENDED JUNE 30, 2000 AND 1999
(Unaudited)
<TABLE>
<CAPTION>
2000 1999
---------------------- ------------------------
<S> <C> <C>
OPERATING ACTIVITIES
Net income $ 51,935 $ 173,848
Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation 75,172 19,202
Provision for loan losses 169,000 73,000
Gain on sale of securities available-for-sale -- (15,950)
Increase in interest receivable (59,797) (23,651)
Increase in interest payable 76,804 30,829
Other operating activities (76,867) 5,771
---------------------- ------------------------
Net cash provided by operating activities 236,247 263,049
---------------------- ------------------------
INVESTING ACTIVITIES
Purchases of securities available-for-sale (306,905) (3,745,158)
Proceeds from sales of securities available-for-sale 0 1,200,872
Proceeds from maturities of securities available-for-sale 872,747 1,577,797
Net (increase) decrease in interest-bearing deposits in banks (508) 99,000
Net (increase) decrease in Federal funds sold 882,301 (812,339)
Net increase in loans (10,988,770) (4,845,995)
Purchase of premises and equipment (139,724) (298,768)
---------------------- ------------------------
Net cash used in investing activities (9,680,859) (6,824,591)
---------------------- ------------------------
FINANCING ACTIVITIES
Net increase in deposits 8,079,308 6,607,047
Proceeds from other borrowings 2,500,000 --
---------------------- ------------------------
Net cash provided by financing activities 10,579,308 6,607,047
---------------------- ------------------------
Net increase in cash and due from banks 1,134,696 45,505
Cash and due from banks, beginning of period 1,556,046 1,038,570
---------------------- ------------------------
Cash and due from banks, end of period $ 2,690,742 $ 1,084,075
====================== ========================
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid during period for:
Interest $ 1,071,818 $ 636,245
Income taxes 121,103 $ 68,922
NONCASH TRANSACTION
Net unrealized losses on securities available-for-sale $ 85,967 $ 208,075
</TABLE>
See Notes to Consolidated Financial Statements.
5
<PAGE>
PEOPLES BANCORP, INC. AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
NOTE 1. BASIS OF PRESENTATION
The consolidated financial information for Peoples Bancorp, Inc. (the
"Company") included herein is unaudited; however, such information
reflects all adjustments (consisting solely of normal recurring
adjustments) which are, in the opinion of management, necessary for a
fair statement of results for the interim period.
The results of operations for the three and six month periods ended
June 30, 2000 are not necessarily indicative of the results to be
expected for the full year.
NOTE 2. CURRENT ACCOUNTING DEVELOPMENTS
In June 1998, the Financial Accounting Standards Board issued SFAS No.
133, "Accounting for Derivative Instruments and Hedging Activities".
The effective date of this statement has been deferred by SFAS No. 137
until fiscal year beginning after June 15, 2000. However, the
statement permits early adoption as of the beginning of any fiscal
quarter after its issuance. The Company expects to adopt this
statement effective January 1, 2001. SFAS No. 133 requires the Company
to recognize all derivatives as either assets or liabilities in the
balance sheet at fair value. For derivatives that are not designated
as hedges, the gain or loss must be recognized in earnings in the
period of change. For derivatives that are designated as hedges,
changes in the fair value of the hedged assets, liabilities, or firm
commitments must be recognized in earnings or recognized in other
comprehensive income until the hedged item is recognized in earnings,
depending on the nature of the hedge. The ineffective portion of a
derivative's change in fair value must be recognized in earnings
immediately. Management has not yet determined what effect the
adoption of SFAS No. 133 will have on the Company's earnings or
financial position.
There are no other recent accounting pronouncements that have had, or
are expected to have, a material effect on the Company's financial
statements.
6
<PAGE>
PEOPLES BANCORP, INC. AND SUBSIDIARY
Item 2. Management's Discussion and Analysis of Financial Condition and
Results of Operations
The following is management's discussion and analysis of certain
significant factors which have affected the financial position and
operating results of the Company and its bank subsidiary, Peoples Bank
of West Georgia, during the periods included in the accompanying
consolidated financial statements.
SPECIAL CAUTIONARY NOTICE REGARDING FORWARD LOOKING STATEMENTS
Certain of the statements made herein under the caption "Management's
Discussion and Analysis of Financial Condition and Results of
Operations" ("MD&A") are forward-looking statements for purposes of
the Securities Act of 1933, as amended (the "Securities Act") and the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), and
as such may involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the Company to be materially different from future
results, performance or achievements expressed or implied by such
forward-looking statements. Such forward looking statements include
statements using the words such as "may," "will," "anticipate,"
"should," "would," "believe," "contemplate," "expect," "estimate,"
"continue," "may," "intend," or other similar words and expressions of
the future. Our actual results may differ significantly from the
results we discuss in these forward-looking statements.
These forward-looking statements involve risks and uncertainties and
may not be realized due to a variety of factors, including, without
limitation: the effects of future economic conditions; governmental
monetary and fiscal policies, as well as legislative and regulatory
changes; the risks of changes in interest rates on the level and
composition of deposits, loan demand, and the values of loan
collateral, securities, and other interest-sensitive assets and
liabilities; interest rate risks; the effects of competition from
other commercial banks, thrifts, mortgage banking firms, consumer
finance companies, credit unions, securities brokerage firms,
insurance companies, money market and other mutual funds and other
financial institutions operating in the Company's market area and
elsewhere, including institutions operating regionally, nationally,
and internationally, together with such competitors offering banking
products and services by mail, telephone, computer, and the Internet.
7
<PAGE>
Liquidity and Capital Resources
As of June 30, 2000, the liquidity ratio of the Company, as determined
under guidelines established by regulatory authorities, was
satisfactory. Management considers the Company's liquidity to be
adequate to meet operating and loan funding requirements. The
liquidity ratio (i.e. cash, short-term assets and marketable assets
divided by deposits and other borrowings) for the Company was
approximately 29%. As the Company grows, management will continue to
monitor liquidity and make adjustments as deemed necessary.
At June 30, 2000, the capital ratios of the Company and the Bank were
adequate based on regulatory minimum capital requirements. The minimum
capital requirements and the actual capital ratios for the Company and
the Bank are as follows:
<TABLE>
<CAPTION>
Actual
--------------------------------
Peoples
Peoples Bank of Regulatory
Bancorp, West Minimum
Inc. Georgia Requirement
--------------- -------------- ---------------
<S> <C> <C> <C>
Leverage capital ratios 14.56 % 11.26 % 4.00 %
Risk-based capital ratios:
Core capital 17.55 13.58 4.00
Total capital 18.61 14.67 8.00
</TABLE>
As the Company continues to grow and the loan portfolio increases, the
capital ratios will decrease to levels closer to, but still in excess
of regulatory minimum requirements.
8
<PAGE>
Financial Condition
Following is a summary of the Company's balance sheets for the periods
indicated:
<TABLE>
<CAPTION>
June 30, December 31,
2000 1999 Increase (Decrease)
-------------- ---------------- --------------------------------
(Dollars in Thousands) Amount Percent
----------------------------------- -------------- --------------
<S> <C> <C> <C> <C>
Cash and due from banks $ 2,691 $ 1,556 $ 1,135 72.94 %
Interest-bearing deposits in banks 200 199 1 0.50
Securities 11,044 11,696 (652) (5.57)
Federal funds sold 1,141 2,023 (882) (43.60)
Loans, net 40,592 29,773 10,819 36.34
Premises and equipment 3,863 3,799 64 1.68
Other assets 706 570 136 23.86
-------------- ---------------- --------------
$ 60,237 $ 49,616 $ 10,621 21.41
============== ================ ==============
Deposits $ 46,843 $ 38,764 $ 8,079 20.84 %
Other borrowings 5,000 2,500 2,500 100.00
Other liabilities 450 401 49 12.22
Stockholders' equity 7,944 7,951 (7) (0.09)
-------------- ---------------- --------------
$ 60,237 $ 49,616 $ 10,621 21.41
============== ================ ==============
</TABLE>
As indicated in the above table, the Company's total assets grew at a rate of
21.41%. Deposit growth of 20.84% coupled with increased other borrowings of
$2,500,000 have been used to fund continued loan growth. The Company is using
the other borrowings as an alternative funding mechanism to deposits. The
Company's loan to deposit ratio has increased from 77.28% at December 31, 1999
to 87.71% at June 30, 2000.
The increase in deposit growth is significantly attributable to the Company
moving into its new banking facilities in downtown Carrollton in the last
quarter of 1999 and the opening of its Douglasville branch in the first quarter
of 2000. The Company has also entered into a contract to purchase an existing
banking facility in Villa Rica at a cost of $400,000. The Company expects to
open this full service branch in the fourth quarter of 2000.
9
<PAGE>
Results of Operations For The Three Months Ended June 30, 2000 and 1999 and for
the Six Months Ended June 30, 2000 and 1999
Following is a summary of the Company's operations for the periods indicated.
<TABLE>
<CAPTION>
Three Months Ended
June 30,
2000 1999 Increase (Decrease)
-------------- ---------------- --------------------------------
(Dollars in Thousands) Amount Percent
----------------------------------- -------------- --------------
<S> <C> <C> <C> <C>
Interest income $ 1,230 $ 706 $ 524 74.22%
Interest expense 613 349 264 75.64
-------------- ---------------- -------------- --------------
Net interest income 617 357 260 72.83
Provision for loan losses 107 43 64 148.84
Other income 63 66 (3) (4.55)
Other expense 496 293 203 69.28
-------------- ---------------- -------------- --------------
Pretax income 77 87 (10) (11.49)
Income tax expense 33 25 8 (32.00)
-------------- ---------------- -------------- --------------
Net income $ 44 $ 62 $ (18) (29.03)%
============== ================ ============== ==============
</TABLE>
<TABLE>
<CAPTION>
Six Months Ended
June 30,
2000 1999 Increase (Decrease)
-------------- ---------------- --------------------------------
(Dollars in Thousands) Amount Percent
----------------------------------- -------------- --------------
<S> <C> <C> <C> <C>
Interest income $ 2,259 $ 1,365 $ 894 65.49%
Interest expense 1,149 667 482 72.26
-------------- ---------------- -------------- --------------
Net interest income 1,110 698 412 59.03
Provision for loan losses 169 73 96 131.51
Other income 107 121 (14) (11.57)
Other expense 962 536 426 79.48
-------------- ---------------- -------------- --------------
Pretax income 86 210 (124) (59.05)
Income tax expense 34 36 (2) 5.56
-------------- ---------------- -------------- --------------
Net income $ 52 $ 174 $ (122) 70.11%
============== ================ ============== ==============
</TABLE>
As indicated in the above table, the Company's net interest income has increased
by $260,000 and $412,000 for the second quarter and first six months of 2000 as
compared to the same periods in 1999. The Company's net interest margin
increased to 4.50% during the first six months of 2000 as compared to 4.13% for
the first six months of 1999 and 4.16% for the entire year of 1999. The increase
in net interest income and net interest margin is due primarily to the increased
volume of average loans. The Company has been able to offset higher interest
rates paid on deposits with higher yields earned on loans.
10
<PAGE>
The provision for loan losses increased by $64,000 and $96,000 for the second
quarter and first six months of 2000 as compared to the same periods in 1999.
The increase is due to a combination of increased net charge-offs of $25,000, an
increase in total nonaccrual loans and overall loan growth, as well as inherent
risk in the loan portfolio. Management does not believe the increases in net
charge-offs and nonaccrual loans indicate any significant negative trend in the
overall credit quality of the loan portfolio. The Company's allowance for loan
losses as a percentage of total loans amounted to 1.21% at June 30, 2000 as
compared to 1.25% at December 31, 1999. The allowance for loan losses is
maintained at a level that is deemed appropriate by management to adequately
cover all known and inherent risks in the loan portfolio. Management's
evaluation of the loan portfolio includes a continuing review of loan loss
experience, current economic conditions which may affect the borrower's ability
to repay and the underlying collateral value.
Information with respect to nonaccrual, past due and restructured loans is as
follows:
<TABLE>
<CAPTION>
June 30,
---------------------------------
2000 1999
--------------- ---------------
(Dollars in Thousands)
---------------------------------
<S> <C> <C>
Nonaccrual loans $ 84 $ 30
Loans contractually past due ninety days or more as to interest
or principal payments and still accruing - 2
Restructured loans - -
Loans, now current about which there are serious doubts as to the
ability of the borrower to comply with loan repayment terms - -
Interest income that would have been recorded on nonaccrual
and restructured loans under original terms 7 1
Interest income that was recorded on nonaccrual and restructured loans - -
</TABLE>
It is the policy of the Bank to discontinue the accrual of interest income when,
in the opinion of management, collection of such interest becomes doubtful. This
status is accorded such interest when (1) there is a significant deterioration
in the financial condition of the borrower and full repayment of principal and
interest is not expected and (2) the principal or interest is more than ninety
days past due, unless the loan is both well-secured and in the process of
collection.
Loans classified for regulatory purposes as loss, doubtful, substandard, or
special mention that have not been included in the table above do not represent
or result from trends or uncertainties which management reasonably expects will
materially impact future operating results, liquidity or capital resources.
These classified loans do not represent material credits about which management
is aware of any information which causes management to have serious doubts as to
the ability of such borrowers to comply with the loan repayment terms.
11
<PAGE>
Information regarding certain loans and allowance for loan loss data is as
follows:
<TABLE>
<CAPTION>
Six Months Ended
June 30,
---------------------------------
2000 1999
--------------- ---------------
(Dollars in Thousands)
---------------------------------
<S> <C> <C>
Average amount of loans outstanding $ 35,648 $ 19,168
=============== ===============
Balance of allowance for loan losses at beginning of period $ 377 $ 215
--------------- ---------------
Loans charged off
Commercial and financial 50 18
Real estate mortgage - -
Instalment 2 7
--------------- ---------------
52 25
--------------- ---------------
Loans recovered
Commercial and financial - -
Real estate mortgage - -
Instalment 2 -
--------------- ---------------
2 -
--------------- ---------------
Net charge-offs 50 25
--------------- ---------------
Additions to allowance charged to operating expense during period 169 73
--------------- ---------------
Balance of allowance for loan losses at end of period $ 496 $ 263
=============== ===============
Ratio of net loans charged off during the period to
average loans outstanding .14% .13%
=============== ===============
</TABLE>
Other income decreased during the second quarter and first six months of 2000 as
compared to the same periods in 1999 by $3,000 and $14,000, respectively.
Increased service charges on deposit accounts have been offset by decreased
gains on sales of securities and a decrease in mortgage origination fees.
Other expenses increased during the second quarter and first six months of 2000
as compared to the same periods in 1999 by $203,000 and $426,000. Salaries and
employee benefits have increased due to an increase in the number of full time
equivalent employees to 21 at June 30, 2000 from 10 at June 30, 1999 and to
normal salary increases. The increase in the number of employees has been
necessary in order to staff the Douglasville branch as well as to serve the
overall growth of the Company. Occupancy and equipment expenses have increased
due substantially in part to a decrease in sublease rental income. The sellers
of the Company's new main office facilities occupied the building during the
first quarter of 1999 and paid the Company $62,000 in nonrecurring rental
income. Increased depreciation costs, coupled with increased other maintenance
costs associated with the new main office facilities and new branch, accounted
for the remainder of the increase in occupancy and equipment costs.
12
<PAGE>
The Company has recorded income tax provisions of $33,000 and $34,000 for the
second quarter and first six months of 2000. Overall, the Company's income tax
expense as a percentage of pre tax income for 2000 has increased significantly
as compared to 1999 due to the Company realizing tax benefits of net operating
loss carryovers in 1999.
Overall, net income decreased during the second quarter and first six months of
2000 as compared to the same periods in 1999 by $18,000 and $122,000 due to
increased net interest income being offset by increased operating costs and
provisions for loan losses.
The Company is not aware of any known trends, events or uncertainties, other
than the effect of events as described above, that will have or that are
reasonably likely to have a material effect on its liquidity, capital resources
or operations. The Company is also not aware of any current recommendations by
the regulatory authorities which, if they were implemented, would have such an
effect.
13
<PAGE>
PART II - OTHER INFORMATION
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
(a) The annual meeting of the stockholders of the Company was held on
April 11, 2000.
(b) The following directors were elected at the meeting to serve
terms through the year indicated:
Lawrence J. Alligood 2003
Ann C. Carter 2003
J. Wayne Garner 2003
Lester Harmon 2003
William C. Seaton 2003
(c) Mauldin & Jenkins, LLC was approved as the Company's certified
public accountants.
The shares represented at the meeting (621,433 shares or 77.68%)
voted as follows:
Item (b) Item (c)
# of # of
Shares Shares
--------------- ---------------
For 618,583 621,433
Withheld authority 150 -
Against 2,700 -
--------------- ---------------
Total 621,433 621,433
=============== ===============
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.
(a) Exhibits.
27. Financial Data Schedule. (For SEC use only.)
(b) Reports on Form 8-K.
None.
14
<PAGE>
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
PEOPLES BANCORP, INC.
(Registrant)
DATE: August 11, 2000 BY: /s/ Timothy I. Warren
---------------- --------------------------------------------
Timothy I. Warren, President and C.E.O.
(Principal Executive Officer)
DATE: August 11, 2000 BY: /s/ Elaine B. Lovvorn
---------------- --------------------------------------------
Elaine B. Lovvorn, Secretary and Treasurer
(Principal Financial and Accounting Officer)
15
