SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 18, 2000
PEOPLES-SIDNEY FINANCIAL CORPORATION
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(Exact name of Registrant as specified in its Charter)
Delaware 0-22223 31-1499862
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(State or other jurisdiction (Commission File No.) (IRS Employer Identification
of incorporation) No.)
101 E. Court Street, Sidney, Ohio 45365
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (937) 492-6129
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N/A
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(Former name or former address, if changed since last report)
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Item 5. Other Events
On January 18, 2000, Peoples-Sidney Financial Corporation issued the press
release attached hereto as Exhibit 99, announcing earnings for the quarter ended
December 31, 1999 and the declaration of a cash dividend.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99 Press release dated January 18, 2000
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
PEOPLES-SIDNEY FINANCIAL CORPORATION
Date: January 27, 2000 By: /s/ Douglas Stewart
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Douglas Stewart, President and Chief
Executive Officer
PEOPLES-SIDNEY FINANCIAL ANNOUNCES QUARTERLY
EARNINGS AND DIVIDEND
(Sidney, Ohio; NASD-NMS "PSFC")
Douglas Stewart, President of Peoples-Sidney Financial Corporation, parent
company of Peoples Federal Savings and Loan Association, announced today the
Corporation's second quarter earnings for the fiscal year ending June 30, 2000.
Net income, before federal income tax, was $198,000 for the quarter ending
December 31, 1999 compared to $184,000 for the same period in 1998, a 7%
increase. Quarterly net income, after tax, at December 31, 1999 was $116,000
compared to $118,000 in 1998. The net decrease in after tax net income for the
quarter represents an increase in federal income tax accruals due to an increase
in the effective tax rate primarily relating to the Corporation's stock-based
benefit plans. Current quarterly earnings represent $0.08 per share compared to
$0.07 during the same quarter in 1999.
The Corporation's year to date net income, after tax, totaled $247,000 or $0.17
per share, compared to $235,000 or $0.14 per share for the same period in 1998.
On January 14, 1999 the Board of Directors declared a quarterly cash dividend of
$0.07 per share to shareholders of record on January 31, 2000. This dividend
will be payable on February 14, 2000.
Peoples Federal serves Shelby county with offices at 101 E. Court Street,
Sidney, Ohio, 403 S. Pike Street, Anna, and 115 E. Pike Street, Jackson Center.
The Corporation had assets of $126 million and $17 million in shareholder equity
at December 31, 1999.
