UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 3)
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IFB Holdings, Inc.
(Name of Issuer)
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Common Stock par value $.01 per share
(Title of Class of Securities)
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448953-10-9
(CUSIP Number)
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Lindsay Olsen
5200 West 94th Terrace, Prairie Village, KS 66207
(913) 648-8010
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
March 8, 1999
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of Rule 13d-1
(b) (3) or (4), check the following box [ ].
Note: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1 (a) for
other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a
reporting persons initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in
a prior cover page.
The information required on the remainder of this cover page
shall not be deemed to be filed for the purpose of Section 18
of the Securities Exchange Act of 1934 (Act) or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
SCHEDULE 13D/A
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CUSIP NO. 448953-10-9 Page 2 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mortgage Investment Trust Corporation
48-1101989
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *(a) ( )
(b) (X)
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3 SEC USE ONLY
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4 SOURCE OF FUNDS *
BK, WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d)( ) OR 2(e)( )
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
KANSAS
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NUMBER OF 7 SOLE VOTING POWER
SHARES 67,000
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY NONE
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 67,000
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PERSON 10 SHARED DISPOSITIVE POWER
WITH NONE
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
67,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.13%
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14 TYPE OF REPORTING PERSON
CO
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* SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
SCHEDULE 13D/A
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CUSIP NO. 448953-10-9 Page 3 of 7 Pages
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Item 1. Security and Issuer
This statement relates to the Common Stock, par value $.01 per
share (the "Common Stock" or "stock") issued by IFB Holdings,
Inc. whose principal executive offices are located at 522
Washington Street, Chillicothe, Missouri, 64601.
Item 2. Identity and Background
This statement is filed by Mortgage Investment Trust Corporation,
a Kansas Corporation (MITC). Lindsay Olsen and Steven B. Chase
are the controlling shareholders of MITC. The directors and
officers of MITC are Lindsay Olsen (President and Director) and
Steven B. Chase (Secretary and Director).
The information required by General Instruction C and by Item
2 to Schedule 13D with respect to each of the above named persons
is attached to this statement as Exhibits 1A through 1C, and is
incorporated herein by reference.
Item 3. Source and Amount of Funds or Other Consideration
As of this date, Mortgage Investment Trust Corporation owns
67,000 shares of stock, all of which were purchased in open
market transactions.This Schedule 13D/A is the third amendment to
the original Schedule 13D which was filed by the reporting person
dated October 2, 1996. This Schedule 13D/A is being filed to
reflect the acquisition of additional shares in open market
transactions.
MITC purchased the Common Stock with internal funds and resources
drawn from a term loan negotiated in the ordinary course of
business with an unaffiliated bank, as defined in Section 3(a)(6)
of the Securities Exchange Act of 1934.
Item 4. Purpose of Transaction
MITC has purchased the stock for investment purposes and may or
may not acquire additional stock for investment. MITC reserves
the right to change the purpose of this transaction, provided
that it remains in compliance with all federal and state laws.
MITC intends to continually assess the market for the Common
Stock. MITC or an affiliate may purchase additional shares or
dispose of such shares of the Common Stock from time to time
depending on such continuing assessment However, it is recognized
that if, in the future, certain levels of share ownership are
exceeded, certain regulatory approvals may be required.
(b-j) None
SCHEDULE 13D/A
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CUSIP NO. 448953-10-9 Page 4 of 7 Pages
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Item 5. Interest in Securities of the Issuer
(a) MITC has purchased a total of 67,000 shares of Common Stock,
which represents approximately 14.13% of the 474,019 total
shares outstanding.
(b) MITC beneficially owns 67,000 shares of the Common Stock
and has the sole power to vote and dispose of such shares.
(c) All transactions in the shares of Common Stock effected
by MITC during the past sixty days are described on Exhibit 2
attached hereto. All such shares were purchased through a broker-
dealer.
(d-e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer.
MITC is under the control of Lindsay Olsen and Steven B. Chase.
See Item 2. above.
Item 7. Material to be Filed as Exhibits.
Exhibit 2 - Transactions in the Common Stock effected during the
past sixty days.
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
MORTGAGE INVESTMENT
TRUST CORPORATION
Date: March 9, 1999 By:/s/Lindsay Olsen
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Lindsay Olsen, President of
Mortgage Investment Trust Corporation
EXHIBIT INDEX
Exhibit No.
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Exhibit 1A
Exhibit 1B
Exhibit 1C
Exhibit 2
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SCHEDULE 13D/A
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CUSIP NO. 448953-10-9 Page 6 of 7 Pages
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Exhibit 1A
INFORMATION RELATING TO REPORTING PERSONS.
MORTGAGE INVESTMENT TRUST CORPORATION
State or Other Place of Organization: Kansas
Principal Business: Investment in mortgage
loans, real estate, stocks
and financial services.
Address of Principal Business: 5200 West 94th Terrace
Prairie Village, KS 66207
Address of Principal Office: 5200 West 94th Terrace
Prairie Village, KS 66207
Criminal Proceedings During the Last 5 Years: None
Civil Proceedings During the Last 5 Years: None
Exhibit 1B
LINDSAY OLSEN (Director and President of Mortgage Investment
Trust Corporation and a controlling shareholder of Mortgage
Investment Trust Corporation)
Residence or Business Address: 5200 West 94th Terrace
Prairie Village, KS 66207
Principal Occupation or Employment: Management and Investment
Analysis
Name of Employer: Mortgage Investment Trust
Corporation
Principal Business: Investments and Financial
Services
Address: 5200 West 94th Terrace
Prairie Village, KS 66207
Criminal Proceedings During the Last 5 Years: None
Civil Proceedings During the Last 5 Years: None
Citizenship: U.S.A.
SCHEDULE 13D/A
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CUSIP NO. 448953-10-9 Page 7 of 7 Pages
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Exhibit 1C
STEVEN B. CHASE (Director and Secretary of Mortgage Investment
Trust Corporation and a controlling shareholder of Mortgage
Investment Trust Corporation)
Residence or Business Address: 5200 West 94th Terrace
Prairie Village, KS 66207
Principal Occupation or Employment: Management and Investment
Analysis
Name of Employer: Mortgage Investment Trust
Corporation
Principal Business: Investments and Financial
Services
Address: 5200 West 94th Terrace
Prairie Village, KS 66207
Criminal Proceedings During the Last 5 Years: None
Civil Proceedings During the Last 5 Years: None
Citizenship: U.S.A.
Exhibit 2
MORTGAGE INVESTMENT TRUST CORPORATION
Description of Transactions Effected within 60 days
The reporting person effected the following purchases in the
Shares within 60 days of March 8, 1999.
Number of Price Per
Date of Purchase Source Shares Share
(excl. commissions)
________________ ______ _______ _______
1/20/99 OTC 2,400 14.00
2/9/99 OTC 3,000 14.00
3/8/99 OTC 3,000 13.625