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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K /A - AMENDMENT NO. 1
(This amendment is to include the Form 10-K cover sheet and the Consolidated
Bank Balance Sheet that were inadvertently excluded from the original filing)
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT 1934
For the fiscal year ended December 31, 1996
COMMISSION FILE NUMBER 0-8829
CENTRAL FIDELITY BANKS, INC.
(Exact name of registrant as specified in its charter)
Virginia 54-1091649
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
1021 East Cary Street, P. O. Box 27602, Richmond, Virginia 23261-7602
(Address of Principal Executive Offices) (Zip Code)
(804) 782-4000
(Registrant's telephone number, including area code)
SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT:
Common Stock at $5 par value, with Preferred Stock Purchase Rights attached
(Title of class)
Common shares outstanding as of March 3, 1997 - 58,604,421
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 of 1934 during the preceding 12 months and (2) has been
subject to such filing requirements for the past 90 days.
Yes X No
The registrant's Proxy Statement for use at the Annual Meeting of
Shareholders on May 14, 1997, is incorporated by reference in Part III
of this Form 10-K. Said Proxy Statement also contains information with
respect to compliance with item 405 of Regulation S-K.
The aggregate market value of the registrant's voting stock held by
nonaffiliates as of March 3, 1997 was $1,665,420,000.
No action has been taken on the part of the Securities and Exchange
Commission to approve or disapprove of this Form 10-K and Annual Report
to Shareholders or to pass upon its accuracy or adequacy.
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CONSOLIDATED BANK BALANCE SHEET
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Central Fidelity National Bank and Subsidiaries
(In Thousands) December 31,
<CAPTION>
1996 1995
<S> <C> <C>
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Assets
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Cash and due from banks (note 4) $304,620 $338,497
Temporary investments:
Federal funds sold and securities
purchased under agreements to resell 62,619 120,130
Other money market investments 50,000 75,000
Trading account securities 4,061 422
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Total temporary investments 116,680 195,552
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Assets available for sale:
Securities 3,062,919 3,619,102
Loans 26,085 15,653
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Total assets available for sale 3,089,004 3,634,755
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Loans (note 6) 6,690,751 6,301,160
Allowance for loan losses (note 7) (110,000) (110,000)
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Net loans 6,580,751 6,191,160
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Accrued interest receivable 61,745 67,399
Premises and equipment, net (note 8) 157,119 152,879
Due from customers on acceptances 11,009 18,741
Other assets (notes 6, 9 and 12) 157,253 144,603
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Total assets $10,478,181 $10,743,586
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Liabilities
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Deposits:
Demand $1,189,819 $1,037,911
Interest checking 729,233 687,505
Regular savings 724,264 727,951
Consumer certificates 3,944,228 4,134,031
Money market accounts 995,695 1,050,158
Certificates of deposit $100,000 and over 488,226 348,347
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Total deposits 8,071,465 7,985,903
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Borrowings:
Federal funds purchased and securities
sold under agreements to repurchase 938,589 1,058,465
Other short-term borrowings 39,401 54,963
Medium-term notes (note 11) -- 252,250
Federal Home Loan Bank borrowings (note 11) 400,080 350,700
Note payable to parent company 150,000 150,000
Long-term debt (note 11) 324 386
Capitalized lease obligations (note 8) 7,334 7,746
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Total borrowings 1,535,728 1,874,510
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Accrued interest payable 29,131 37,884
Bank acceptances outstanding 11,009 18,741
Accounts payable and accrued liabilities
(note 14) 27,313 38,947
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Total liabilities 9,674,646 9,955,985
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Shareholder's Equity
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Common stock 167,275 167,275
Capital surplus 174,376 174,376
Retained earnings (note 2) 452,660 422,085
Unrealized gains on securities available for sale,
net of income taxes 9,224 23,865
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Total shareholder's equity (note 19) 803,535 787,601
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Commitments and contingent liabilities (notes 8, 14 and 17)
Total liabilities and shareholder's equity$10,478,181 $10,743,586
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The notes are an integral part of the financial statements.
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SIGNATURES
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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, thereunto duly authorized.
CENTRAL FIDELITY BANKS, INC.
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(Registrant)
/s/ James F. Campbell
James F. Campbell
Senior Vice President & Controller
(Principal Accounting Officer)
Date: March 20, 1997
