<PAGE> 1
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A
[X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
For the Fiscal Year Ended December 31, 1998
OR
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934
Commission File Number: 1-14671
WORONOCO BANCORP, INC.
- --------------------------------------------------------------------------------
(Name of small business issuer in its charter)
Delaware 04-3444269
- --------------------------------------------- ----------------------
(State or other jurisdiction of incorporation (I.R.S. Employer
or organization) Identification No.)
31 Court Street, Westfield, Massachusetts 01085
- --------------------------------------------- ----------------------
(Address of principal executive offices) (Zip Code)
Issuer's telephone number: (413) 568-9141
----------------------
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Name of each exchange on which registered
------------------- -----------------------------------------
Common Stock, par value The American Stock Exchange
$0.01 per share
Securities registered pursuant to Section 12(g) of the Act:
None
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
during the preceding 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
---- ----
YES NO X
---- ----
Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best of the registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. X
------
The aggregate market value of the voting and non-voting common equity held
by non-affiliates as of March 24, 1999 was $57,053,833.
As of March 24, 1999, there were 5,998,860 shares of the Registrant's
Common Stock outstanding.
<PAGE> 2
CONFORMED
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this amendment to be signed by the undersigned,
thereunto duly authorized.
Woronoco Bancorp, Inc.
By: /s/ Cornelius D. Mahoney April 2, 1999
-------------------------------
Cornelius D. Mahoney
Chairman of the Board, President and Chief Executive Officer
2
<TABLE> <S> <C>
<ARTICLE> 9
<LEGEND>
This schedule contains summary financial information extracted from the
Consolidated Financial Statements of Woronoco Savings Bank for the year ended
December 31, 1998 and is qualified in its' entirety by reference to such
financial statements.
</LEGEND>
<CIK> 0001072886
<NAME> Woronoco Bancorp, Inc.
<MULTIPLIER> 1,000
<CURRENCY> U.S. Dollars
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<EXCHANGE-RATE> 1
<CASH> 10,371
<INT-BEARING-DEPOSITS> 1,607
<FED-FUNDS-SOLD> 0
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 111,409
<INVESTMENTS-CARRYING> 5,648
<INVESTMENTS-MARKET> 5,648
<LOANS> 284,043
<ALLOWANCE> (2,166)
<TOTAL-ASSETS> 426,826
<DEPOSITS> 275,041
<SHORT-TERM> 109,895
<LIABILITIES-OTHER> 4,749
<LONG-TERM> 1,368
0
0
<COMMON> 0
<OTHER-SE> 35,773
<TOTAL-LIABILITIES-AND-EQUITY> 426,826
<INTEREST-LOAN> 21,103
<INTEREST-INVEST> 4,011
<INTEREST-OTHER> 151
<INTEREST-TOTAL> 25,265
<INTEREST-DEPOSIT> 10,397
<INTEREST-EXPENSE> 13,477
<INTEREST-INCOME-NET> 11,788
<LOAN-LOSSES> 240
<SECURITIES-GAINS> 1,420
<EXPENSE-OTHER> 10,087
<INCOME-PRETAX> 4,803
<INCOME-PRE-EXTRAORDINARY> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 3,110
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
<YIELD-ACTUAL> 7.41
<LOANS-NON> 306
<LOANS-PAST> 0
<LOANS-TROUBLED> 773
<LOANS-PROBLEM> 3,200
<ALLOWANCE-OPEN> 1,952
<CHARGE-OFFS> (100)
<RECOVERIES> 74
<ALLOWANCE-CLOSE> 2,166
<ALLOWANCE-DOMESTIC> 2,166
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 2,166
</TABLE>
