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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-QSB/A
AMENDMENT NO. 1
(Mark One)
X Quarterly report under Section 13 or 15(d) of the Securities Exchange
- ---- Act of 1934
For the quarterly period ended September 30, 1999
Transition report under Section 13 or 15(d) of the Exchange Act
- --- For the transition period from _______________ to ________________
Commission File No. 333-41545
ebank.com, Inc.
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(Exact Name of Small Business Issuer as Specified in its Charter)
Georgia 58-2349097
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(State of Incorporation) (I.R.S. Employer Identification No.)
2410 Paces Ferry Road, Atlanta, Georgia 30339
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(Address of Principal Executive Offices)
(770) 863-9229
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(Issuer's Telephone Number, Including Area Code)
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) 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 the latest practicable date:
1,469,250 shares of common stock, par value $.01 per share, were issued
and outstanding as of November 1, 1999.
Transitional Small Business Disclosure Format (check one): Yes No X
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The undersigned registrant hereby amends Part I. Financial Statements -
Consolidated Statements Of Loss to include the amounts for other income and
total other income for the three and nine months ended September 30, 1998. These
amounts were inadvertently omitted in the original report for the quarter ended
September 30, 1999 on Form 10-Q.
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EBANK.COM, INC.
CONSOLIDATED STATEMENTS OF LOSS
FOR THE MONTHS ENDED SEPTEMBER 30, 1999 AND 1998
(UNAUDITED)
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FOR THE THREE FOR THE THREE FOR THE NINE FOR THE NINE
MONTHS ENDED MONTHS ENDED MONTHS ENDED MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30, SEPTEMBER 30, SEPTEMBER 30,
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1999 1998 1999 1998
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Interest income
Loans, including fees......................... $ 838,288 $ 38,958 $ 1,796,173 $ 38,958
Investment securities:
U.S. Government agencies and
corporations.............................. 98,986 1,077 192,835 1,077
Other investments............................. 1,800 162 3,650 162
Federal funds sold............................ 74,682 176,821 261,129 218,562
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Total interest income......................... 1,013,756 217,018 2,253,787 258,759
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Interest expense
Interest bearing demand and money market 286,216 2,791 525,626 2,791
Savings....................................... 177 1 415 1
Time deposits of $100,000 or more............. 71,419 1,758 179,534 1,758
Other time deposits........................... 91,177 1,825 227,425 1,825
Other borrowings.............................. 2,023 -- 10,777 12,113
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Total interest expense........................ 451,012 6,375 943,777 18,488
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Net interest income.................................... 562,744 210,643 1,310,010 240,271
Provision for possible loan losses..................... 98,000 45,000 246,000 45,000
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Net interest income after provision
for possible loan losses...................... 464,744 165,643 1,064,010 195,271
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Other income.................................. 37,922 (22,837) 194,938 (22,837)
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Total other income............................ 37,922 (22,837) 194,938 (22,837)
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Other expense
Salaries and other compensation............... 399,705 193,086 1,030,166 318,423
Employee benefits............................. 108,638 43,672 256,742 61,729
Net occupancy and equipment expense........... 162,727 50,491 417,315 58,477
Professional and other outside services....... 382,962 57,980 680,598 130,318
Other expense................................. 270,881 49,685 409,126 155,100
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Total other expenses.......................... 1,324,913 394,914 2,793,947 724,047
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Loss before income tax benefit......................... (822,247) (252,108) (1,534,999) (551,613)
Income tax benefit..................................... -- -- -- --
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Net loss...................................... $ (822,247) $ (252,108) $ (1,534,999) $ (551,613)
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Basic and diluted loss per common share................ $ (.56) $ (.17) $ (1.04) $ (.38)
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SIGNATURES
In accordance with Section 13 or 15(d) of the Securities Exchange Act
of 1934 (the "Exchange Act"), the registrant caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
ebank.com, Inc.
Date: December 8, 1999 By: /s/ Richard A. Parlontieri
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Richard A. Parlontieri
Chairman and Chief Executive Officer
By: /s/ Mark D. Little
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Mark D. Little
Chief Financial Officer
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