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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
__________________
FORM 10-Q/A
(Mark one)
/X/ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 1994
OR
/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Commission File Number: 0-8937
BancTEXAS Group Inc.
(Exact name of registrant as specified in its charter)
Delaware 75-1604965
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
P. O. Box 802527
Dallas, Texas 75380-2527
(Address of principal executive offices) (Zip Code)
(214) 701-4700
(Registrant's telephone number, including area code)
__________________
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 (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
-------- --------
As of November 14, 1994, 20,520,525 shares of the registrant's Common Stock,
$.01 par value, and 37,500,000 shares of the registrant's Class B Common Stock,
$.01 par value, were outstanding.
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BancTEXAS Group Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS - Unaudited
<TABLE>
<CAPTION>
Three Months Nine Months
ended September 30, ended September 30,
-------------------- --------------------
1994 1993 1994 1993
-------- -------- -------- --------
(Dollars in thousands, except per share)
<S> <C> <C> <C> <C>
INTEREST INCOME
Loans ................................ $ 3,838 $ 3,784 $ 11,016 $ 11,644
Investment securities ................ 2,048 1,505 5,910 4,893
Federal funds sold ................... 11 32 72 93
Other interest income ................ 6 4 48 12
-------- -------- -------- --------
Total interest income .......... 5,903 5,325 17,046 16,642
INTEREST EXPENSE
Deposits ............................. 1,766 1,877 5,186 5,878
Securities sold under agreements to
repurchase ......................... 778 517 2,359 1,217
Other short-term borrowings .......... 12 6 28 19
Federal funds purchased .............. 44 - 44 -
FHLB advances ........................ 425 - 911 -
Long-term debt ....................... 24 24 71 71
-------- -------- -------- --------
Total interest expense ......... 3,049 2,424 8,599 7,185
-------- -------- -------- --------
Net interest income ............ 2,854 2,901 8,447 9,457
Provision for loan losses .............. 455 100 605 330
-------- -------- -------- --------
Net interest income after
provision for loan losses .... 2,399 2,801 7,842 9,127
NONINTEREST INCOME
Service charges and fees ............. 397 435 1,191 1,283
Investment securities gains (losses) . (7,055) 147 (7,055) 184
Loan sales and loan servicing income . 101 284 371 600
Other ................................ 66 43 418 152
-------- -------- -------- --------
Total noninterest income ....... (6,491) 909 (5,075) 2,219
NONINTEREST EXPENSE
Personnel expense .................... 3,728 1,636 7,168 4,804
Occupancy ............................ 317 331 961 1,065
Equipment ............................ 194 225 634 673
Litigation settlement expense ........ - 52 - 52
Professional fees .................... 274 364 1,031 1,261
Net operating expense of
foreclosed property ................ 173 74 196 167
Communications and supplies .......... 260 286 779 774
Data processing ...................... 235 229 706 682
Other ................................ 425 209 1,137 927
-------- -------- -------- --------
Total noninterest expense ...... 5,606 3,406 12,612 10,405
-------- -------- -------- --------
Net income (loss) before
taxes ........................ (9,698) 304 (9,845) 941
Income tax expense (benefit) ........... (9,209) - (9,209) -
-------- -------- -------- --------
Net income (loss) .............. $ (489) $ 304 $ (636) $ 941
======== ======== ======== ========
PER SHARE
Net income (loss) .................... $ (.01) $ .01 $ (.02) $ .04
======== ======== ======== ========
Weighted average common shares and
common share equivalents outstanding 36,324 23,379 27,808 23,285
======== ======== ======== ========
</TABLE>
See Notes to Consolidated Financial Statements.
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