PEOPLES BANCORP INC. RETIREMENT SAVINGS PLAN
MARIETTA, OHIO
FINANCIAL STATEMENTS
December 31, 1995
CONSENT OF INDEPENDENT AUDITORS
To the Plan Administrative Committee
Peoples Bancorp Inc. Retirement Savings Plan
Marietta, Ohio
We consent to incorporation by reference of our report dated
February 16, 1996 relating to the statement of net assets available for
benefits with fund information of Peoples Bancorp Inc. Retirement Savings
Plan as of December 31, 1995 and the related statement of changes in net
assets available for benefits with fund information for the year then
ended, which appears in Peoples Bancorp Inc.'s Form 11K for 1995.
/s/ HARMAN, THOMPSON, MALLORY & ICE, A.C.
Harman, Thompson, Mallory & Ice, A.C.
Certified Public Accountants
Parkersburg, West Virginia
April 1, 1996
PEOPLES BANCORP INC.
RETIREMENT SAVINGS PLAN
MARIETTA, OHIO
FINANCIAL STATEMENTS
TABLE OF CONTENTS
STATEMENT PAGE
Independent Accountants' Report 1
Statements of Net Assets Available for
Benefits With Fund Information
at December 31, 1995 and 1994 I 2-3
Statements of Changes in Net Assets
Available for Benefits With Fund
Information for the Years Ended
December 31, 1995 and 1994 II 4-5
Notes to Financial Statements 6-11
SUPPLEMENTARY INFORMATION:
Form 5500 - Schedule G 13-16
INDEPENDENT ACCOUNTANTS' REPORT
To the Plan Administrative Committee
Peoples Bancorp Inc. Retirement Savings Plan
Marietta, Ohio
We have audited the accompanying statement of net assets
available for benefits with fund information of Peoples Bancorp Inc.
Retirement Savings Plan as of December 31, 1995 and the related
statement of changes in net assets available for benefits with fund
information for the year then ended. These financial statements are
the responsibility of the Plan's management. Our responsibility is to
express an opinion on these financial statements based on our audit.
The financial statements of Peoples Bancorp Inc. Retirement Savings
Plan as of December 31, 1994 were audited by other auditors whose
report dated March 29, 1995 expressed an unqualified opinion on those
statements.
We conducted our audit in accordance with generally accepted
auditing standards. Those standards require that we plan and perform the
audit to obtain reasonable assurance about whether the financial statements
are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the
financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that
our audit provides a reasonable basis for our opinion.
In our opinion, the 1995 financial statements referred to above
present fairly, in all material respects, the net assets available for
benefits with fund information of Peoples Bancorp Inc. Retirement Savings
Plan as of December 31, 1995 and the changes in net assets available for
benefits with fund information for the year then ended in conformity with
generally accepted accounting principles.
Our audit was conducted for the purpose of forming an opinion
on the basic financial statements taken as a whole. The supplementary
information included in Schedule G - Financial Schedules (IRS Form 5500)
is presented for the purpose of additional analysis and is not a required
part of the basic financial statements but is supplementary information
required by the Department of Labor's Rules and Regulations for Reporting
and Disclosure under the Employee Retirement Income Security Act of 1974.
The supplementary information has been subjected to the auditing
procedures applied in the audits of the basic financial statements and,
in our opinion, is fairly stated in all material respects in relation to
the basic financial statements taken as a whole.
/s/ HARMAN, THOMPSON, MALLORY & ICE, A.C.
Harman, Thompson, Mallory & Ice, A.C.
Parkersburg, West Virginia
February 16, 1996
<TABLE>
PEOPLES BANCORP INC.
RETIREMENT SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS WITH FUND INFORMATION
DECEMBER 31, 1995
<CAPTION>
DECEMBER 31, 1995
----------------------------------------------------------------------------------------------
PARTICIPANT DIRECTED
----------------------------------------------------------------------------------------------
PEOPLES PEOPLES PEOPLES
PEOPLES CERTIFICATES BANCORP INC. SPECIAL VANGUARD
STOCK OF DEPOSIT COMMON STOCK STOCK ACORN 500
FUND EB FUND FUND FUND FUND FUND OTHER TOTAL
-------- --------- ---------- --------- -------- --------- -------- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ASSETS
Money Market Funds
Fidelity U.S. Treasury Income
Portfolio Fund $7,400 $5,700 $9,400 $4,700 $5,100 $2,300 $4,500 $39,100
Investments, at Fair Value
Peoples Certificates of Deposit 342,804 342,804
Shares of Common/Collective Trusts:
Peoples Stock Fund EB 655,079 655,079
Peoples Special Stock Fund EB 212,604 212,604
Shares of Registered
Investment Companies:
Acorn Fund 37,527 37,527
Vanguard 500 Fund 50,278 50,278
Peoples Bancorp Inc. Common Stock 2,705,724 2,705,724
Participant Loans Receivable 92,775 92,775
-------- -------- ---------- -------- ------- ------- ------- ----------
Total investments $662,479 $348,504 $2,715,124 $217,304 $42,627 $52,578 $97,275 $4,135,891
-------- -------- ---------- -------- ------- ------- ------- ----------
Cash, Non-Interest Bearing $61 $49 $53 $3 $73 $17 $18,080 $18,336
-------- -------- ---------- -------- ------- ------- ------- ----------
Receivables:
Employer's Contribution $539 $291 $1,935 $266 $157 $151 $(2,760) $579
Participants' Contribution 5,629 1,356 9,245 1,644 847 728 (19,449) 0
Interest and Dividends 11,213 2,954 19,535 1,894 54 66 (164) 35,552
-------- -------- ---------- -------- ------- ------- ------- ----------
TOTAL RECEIVABLES $17,381 $4,601 $30,715 $3,804 $1,058 $945 $(22,373) $36,131
-------- -------- ---------- -------- ------- ------- -------- ----------
TOTAL ASSETS $679,921 $353,154 $2,745,892 $221,111 $43,758 $53,540 $92,982 $4,190,358
LIABILITIES
Excess Contribution Payable $4,090 0 $5,968 $589 $834 $834 0 $12,315
-------- -------- ---------- -------- ------- ------- -------- ----------
TOTAL LIABILITIES $4,090 0 $5,968 $589 $834 $834 0 $12,315
-------- -------- ---------- -------- ------- ------- -------- ----------
NET ASSETS AVAILABLE FOR BENEFITS $675,831 $353,154 $2,379,924 $220,522 $42,924 $52,706 $92,982 $4,178,043
======== ======== ========== ======== ======= ======= ======== ==========
The accompanying notes are an integral part of these financial statements.
</TABLE>
<TABLE>
PEOPLES BANCORP INC.
RETIREMENT SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS WITH FUND INFORMATION
DECEMBER 31, 1994
<CAPTION>
DECEMBER 31, 1994
------------------------------------------------------------------------------------------
PARTICIPANT DIRECTED
------------------------------------------------------------------------------------------
PEOPLES PEOPLES PEOPLES
PEOPLES CERTIFICATES BANCORP INC. SPECIAL VANGUARD
STOCK OF DEPOSIT COMMON STOCK STOCK ACORN 500
FUND EB FUND FUND FUND EB FUND FUND OTHER TOTAL
----------- ------------ ------------- --------- -------- -------- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ASSETS
Money Market Funds
Fidelity U.S. Treasury Income
Portfolio Fund $7,700 $7,700 $15,000 $5,000 $600 $36,000
Investments, at Fair Value
Peoples Certificates of Deposit 343,704 343,704
Shares of Common/Collective Trusts:
Peoples Stock Fund EB 532,703 532,703
Peoples Special Stock Fund EB 107,796 107,796
Peoples Bancorp Inc. Common Stock 2,364,552 2,364,552
Participant Loans Receivable 36,582 36,582
-------- -------- ---------- ---------- ------- ------- ------- -----------
TOTAL INVESTMENTS $540,403 $351,404 $2,379,552 $112,796 $0 $0 $37,182 $3,421,337
-------- -------- ---------- ---------- ------- ------- ------- -----------
Cash, Non-Interest Bearing $73 $0 $53 $19 $0 $0 $30 $175
-------- -------- ---------- ---------- ------- ------- ------- -----------
Receivables:
Employer's Contribution $512 $218 $1,711 $319 $0 $0 $0 $2,760
Participant's Contribution 2,597 1,108 8,682 1,614 0 0 (630) 13,371
Interest and Dividends 3,505 2,139 14,693 547 0 0 0 20,884
-------- -------- ---------- ---------- ------- ------- -------- -----------
TOTAL RECEIVABLES $6,614 $3,465 $25,086 $2,480 $0 $0 $(630) $37,015
-------- -------- ---------- ---------- -------- ------ -------- -----------
TOTAL ASSETS $547,090 $354,869 $2,404,691 $115,295 $0 $0 $36,582 $3,458,527
-------- -------- ---------- ---------- -------- ------- -------- -----------
LIABILITIES
Excess Contribution Payable $4,407 $175 $5,125 $351 $0 $0 $0 $10,058
-------- -------- ---------- ---------- -------- ------- -------- ----------
TOTAL LIABILITIES $4,407 $175 $5,125 $351 $0 $0 $0 $10,058
-------- -------- ---------- ---------- -------- ------- -------- ----------
NET ASSETS AVAILABLE FOR BENEFITS $542,683 $354,694 $2,399,566 $114,944 $0 $0 $36,582 $3,488,469
======== ======== ========== ========== ======== ======= ======== ===========
The accompanying notes are an integral part of these financial statements.
</TABLE>
<TABLE>
PEOPLES BANCORP INC.
RETIREMENT SAVINGS PLAN
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS WITH FUND INFORMATION
DECEMBER 31, 1995
<CAPTION>
DECEMBER 31, 1995
--------------------------------------------------------------------------------------------
PARTICIPANT DIRECTED
--------------------------------------------------------------------------------------------
PEOPLES PEOPLES PEOPLES
PEOPLES CERTIFICATES BANCORP INC. SPECIAL VANGUARD
STOCK OF DEPOSIT COMMON STOCK STOCK ACORN 500
FUND EB FUND FUND FUND EB FUND FUND OTHER TOTAL
--------- ----------- ------------ --------- ---------- ---------- ------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ADDITIONS
Additions to Net Assets Attributed To:
Investment Income:
Net Appreciation (Depreciation)
in Fair Value of Investments $129,017 $0 $205,902 $23,037 $(2,373) $(4,110) $0 $3,473
Interest 377 22,958 949 346 161 201 7,180 32,172
Dividends 22,320 0 68,970 4,493 2,815 4,158 0 102,756
--------- -------- ----------- ------- -------- -------- ------- ---------
TOTAL INVESTMENT INCOME $151,714 $22,958 $275,821 $27,876 $603 $249 $7,180 $486,401
--------- -------- ----------- ------- -------- -------- ------- ---------
Contributions:
Participant's $71,800 $30,634 $203,744 $26,239 $3,939 $3,508 $0 $359,864
Employer's 14,086 7,499 51,523 7,993 1,044 1,022 0 83,167
--------- ------- ---------- -------- -------- -------- ------- ---------
TOTAL CONTRIBUTIONS $85,886 $38,133 $255,267 $54,232 $4,983 $4,530 $0 $443,031
--------- ------- ---------- -------- -------- -------- ------- ---------
TOTAL ADDITIONS $237,600 $61,091 $531,088 $82,108 $5,586 $4,779 $7,180 $929,432
--------- ------- ---------- -------- -------- -------- ------- --------
DEDUCTIONS
Deductions from Net Assets Attributed To:
Benefits Paid to Participants $15,689 $26,106 $148,973 $3,482 $0 $0 $5,608 $199,858
--------- ------- ---------- -------- -------- -------- ------- --------
TOTAL DEDUCTIONS $15,689 $26,106 $148,973 $3,482 $0 $0 $5,608 $199,858
--------- ------- ---------- ------- -------- -------- ------- --------
Net Increase Prior to
Interfund Transfers $221,911 $34,985 $382,115 $78,626 $5,586 $4,779 $1,572 $729,574
Interfund Transfers (88,763) (36,525) (41,757) 26,952 37,338 47,927 54,828
--------- ------- ---------- ------- -------- -------- ------- --------
NET INCREASE (DECREASE) $133,148 $(1,540) $340,358 $105,578 $42,924 $52,706 $56,400 $729,574
NET ASSETS AVAILABLE FOR BENEFITS
Beginning of Year 542,683 354,694 2,399,566 114,944 0 0 36,582 3,448,469
--------- -------- ---------- --------- -------- ------- ------- ----------
END OF YEAR $675,831 $353,154 $2,739,924 $220,924 $42,924 $52,706 $92,982 $4,178,043
========= ========= ========== ========= ======== ======= ======== ==========
The accompanying notes are an integral part of these financial statements.
</TABLE>
<TABLE>
PEOPLES BANCORP INC.
RETIREMENT SAVINGS PLAN
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS WITH FUND INFORMATION
DECEMBER 31, 1994
<CAPTION>
DECEMBER 31, 1994
----------------------------------------------------------------------------------
PARTICIPANT DIRECTED
----------------------------------------------------------------------------------
PEOPLES PEOPLES PEOPLES
PEOPLES CERTIFICATES BANCORP INC. SPECIAL VANGUARD
STOCK OF DEPOSIT COMMON STOCK STOCK ACORN 500
FUND EB FUND FUND FUND EB FUND FUND OTHER TOTAL
----------- ------------ ------------ -------- -------- ------- --------- ------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ADDITIONS
Additions to Net Assets Attributed To:
Investment Income:
Net Appreciation (Depreciation)
in Fair Value of Investments $(24,337) $0 $284,806 $(6,022) $0 $0 $0 $254,447
Interest 258 21,074 595 144 0 0 3,981 26,052
Dividends 12,812 0 54,437 2,405 0 0 0 69,654
---------- --------- ---------- --------- ---- -------- --------- ---------
TOTAL INVESTMENT INCOME $(11,267) $21,074 $339,838 $(3,473) $0 $0 $3,981 $350,153
---------- --------- ---------- --------- ---- -------- --------- ---------
Contributions:
Participants' $66,095 $25,478 $192,150 $34,348 $0 $0 $0 $318,071
Employer's 15,438 6,985 53,024 7,248 0 0 0 82,695
---------- ------- --------- --------- ------ -------- --------- --------
TOTAL CONTRIBUTIONS $81,533 $32,463 $245,174 $41,596 $0 $0 $0 $400,766
---------- ------- --------- --------- ------ -------- --------- --------
TOTAL ADDITIONS $70,266 $53,537 $585,012 $38,123 $0 $0 $3,981 $750,919
---------- -------- --------- --------- ------ -------- --------- --------
DEDUCTIONS
Deductions from Net Assets Attributed To:
Benefits Paid to Participants $4,573 $18,174 $13,771 $1,328 $0 $0 $2,407 $40,253
---------- -------- -------- --------- ------ -------- ------- -------
TOTAL DEDUCTIONS $4,573 $18,174 $13,771 $1,328 $0 $0 $2,407 $40,253
---------- -------- -------- --------- ------ -------- ------- -------
Net Increase Prior to
Interfund Transfers $65,693 $35,363 $571,241 $36,795 $0 $0 $1,574 $710,666
Interfund Transfers 7,359 (21,689) 8,531 30,137 0 0 (24,338) 0
---------- --------- -------- ---------- ------ -------- -------- --------
NET INCREASE (DECREASE) $73,052 $13,764 $579,772 $66,932 $0 $0 $(22,764) $710,666
NET ASSETS AVAILABLE FOR BENEFITS
Beginning of Year 469,631 341,020 1,819,794 48,012 0 0 59,346 2,737,803
---------- -------- ---------- ---------- ------- -------- ------- ---------
END OF YEAR $542,683 $354,694 $2,399,566 $114,944 $0 $0 $36,582 $3,448,469
========== ======== ========== ========== ========= ======== ======= ==========
The accompanying notes are an integral part of these financial statements.
</TABLE>
PEOPLES BANCORP INC.
RETIREMENT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
NOTE 1: DESCRIPTION OF PLAN
The following brief description of Peoples Bancorp Inc. Retirement
Savings Plan (the Plan) provides only general information. Participants
should refer to the Plan agreement for a more complete description of the
Plan's provisions.
GENERAL
The Plan is a defined contribution plan covering substantially
all employees of Peoples Bancorp Inc. and its Subsidiaries (The Peoples
Banking and Trust Company and The First National Bank of Southeastern Ohio).
The Plan is a qualified trust under Sections 401(a) and 401(k) of the
Internal Revenue Code. The Plan is subject to the provisions of ERISA.
The Trustee of the Plan is The Peoples Banking and Trust Company.
ELIGIBILITY
Employees are eligible to participate in the Plan if they work
1,000 hours or more during the year, beginning the first calendar quarter
after employment full time or upon reaching 1,000 hours part time.
Employees may join the Plan on any calendar quarter January 1, April 1,
July 1, or October 1.
CONTRIBUTIONS
Participants may elect to contribute up to 15% of pretax annual
compensation and an additional 10% of after tax annual compensation.
Participants may also contribute amounts representing distributions from
other qualified plans. In addition, Peoples Bancorp Inc. or its
Subsidiaries will make a matching contribution on the employee's behalf.
The amount of this matching contribution will be determined each year by
the Employer's Board of Directors. For 1995, the Employer's matching was
50% of the employee's contribution, up to a maximum of 3% of the employee's
annual compensation.
PARTICIPANT ACCOUNTS
Each participant's account is credited with the participant's
contribution and allocations of the Employer's matching contribution and
Plan earnings. Allocations are based on participants' earnings or account
balances, as defined. The benefit to which a participant is entitled is
the benefit that can be provided from the participant's account.
VESTING
Participants are immediately fully vested in their voluntary
contributions, the Employer's matching contributions, and actual earnings
thereon.
INVESTMENT OPTIONS
Upon enrollment in the Plan, a participant may direct
contributions into any of six investment options.
- The Peoples Stock Fund EB is a common stock fund which
consists of a diversified portfolio of high-quality common
stocks.
- The Certificate of Deposit Fund is a fixed income fund
which consists of investments in deposit instruments of
The Peoples Banking and Trust Company.
- The Peoples Bancorp Stock Fund consists of common shares
of Peoples Bancorp Inc. If the participant invests in
common shares of the Employer, the participant is entitled
to vote proxies representing Employer common shares equal to
the number of whole common shares in the participant's
account and, when entitled to a distribution, may elect to
receive common shares instead of cash.
- The Peoples Special Stock Fund EB is a common stock fund
which consists of a diversified portfolio of small company
common stocks and common stock mutual funds.
- The Acorn Fund is a common stock fund managed by Wanger
Asset Management, L.P. which consists of a diversified
portfolio of common stocks of small and medium sized
companies in the United States and overseas.
- The Vanguard S&P 500 Index Fund is a common stock fund
managed by the Vanguard Group of Investment Companies which
consists of a diversified portfolio of common stocks of
large companies in the United States.
Participants may change their investment options quarterly.
PARTICIPANT LOANS RECEIVABLE
Participants may apply for a loan from their account under
the Plan. Certain legal restrictions impose limits on the amount of the
loan and repayment terms. The maximum loan amount is $50,000. The
specific limit for any participant is 50% of their account balance.
If a participant has an existing loan at the time of application, the
$50,000 limit is reduced by the highest outstanding balance of the
participant's loan over the previous twelve-month period or the total of
all outstanding loans the day the new loan is granted. Generally, the
participant's loan must be repaid within five years, unless the proceeds
are used to purchase a principal residence.
PAYMENT OF BENEFITS
The participant's benefit will equal the sum of the salary
deferral, the voluntary nondeductible contribution, the rollover
contribution, and the Employer's matching contribution plus net income
and net losses resulting from the investment of these amounts as valued
on the valuation date as defined. Payment of such amounts upon
termination of employment may be deferred until the participant reaches
normal retirement, becomes eligible for early retirement benefits,
terminates employment prior to retirement, becomes disabled, or dies.
If the benefit is $3,500 or less, the benefit will be paid in a
lump-sum payment. If the benefit exceeds $3,500, the participant may
elect to have benefits paid in a lump-sum payment or in equal installments
over a fixed period of time not to exceed ten years.
If a participant dies without a surviving spouse, either before
or after retirement, but before a complete distribution of their accounts,
then the full value of the participant's accounts will be paid to a
designated beneficiary. If a participant dies with a surviving spouse,
either before or after retirement, but before a complete distribution of
their accounts, then the full value of the participant's accounts will be
paid to the surviving spouse.
NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
BASIS OF ACCOUNTING
The financial statements of the Plan are prepared using the
accrual method of accounting.
ESTIMATES
The preparation of financial statements in conformity with
generally accepted accounting principles requires the plan administrator
to make estimates and assumptions that affect certain reported amounts
and disclosures. Accordingly, actual results may differ from those
estimates.
INVESTMENT VALUATION AND INCOME RECOGNITION
Shares of the common/collective trusts, Peoples Stock Fund EB,
and Peoples Special Stock Fund EB, are valued at the Plan's proportionate
share of net shares of the fund as of the most recent valuation date.
Shares of the registered investment companies, Acorn Fund and
Vanguard 500 Fund, are valued at quoted market prices which represent the
net asset value of shares held by the Plan at year end.
Investment in Peoples Bancorp Inc. common stock is carried at
quoted market prices.
The investment in The Peoples Banking and Trust Company
certificates of deposit and the participant loans are recorded at cost
which approximates fair market value.
Dividends and interest received from investments are recorded
as earned on an accrual basis.
The Plan presents in the Statement of Changes in Net Assets
Available for Benefits the net appreciation (depreciation) in the fair
value of its investments which consists of the realized gains or losses
and the unrealized appreciation (depreciation) on those investments.
PAYMENT OF BENEFITS
Benefits are recorded when paid.
NOTE 3: INVESTMENTS
The Plan's investments are held by a bank-administered trust fund.
The following table presents the fair values of investments. Investments
that represent 5% or more of the Plan's net assets are identified with an
asterisk.
<TABLE>
<CAPTION>
DECEMBER 31,
-----------------------------------------------
1995 1994
------------------------ ---------------------
UNITS FAIR VALUE UNITS FAIR VALUE
<S> <C> <C> <C> <C>
INVESTMENTS AT FAIR VALUE AS
DETERMINED BY QUOTED MARKET PRICE:
Fidelity U.S. Treasury Income Portfolio Fund 39,100 $39,100 36,000 $36,000
Acorn Fund 2,759.336 37,527
Vanguard 500 Fund 872.879 50,278
* Peoples Bancorp Inc. Common Stock 114,528 2,705,724 98,528 2,364,552
---------- ----------
$2,832,629 $2,400,552
---------- ----------
INVESTMENTS AT ESTIMATED FAIR VALUE:
* Peoples Certificates of Deposit 342,804 $342,804 343,704 $343,704
* Peoples Stock Fund EB 11,232 655,079 11,341 532,703
* Peoples Special Stock Fund EB 6,702 212,604 3,986 107,796
Participants Loans Receivable 92,775 92,775 36,582 36,582
---------- ----------
$1,303,262 $1,020,785
---------- ----------
TOTAL INVESTMENTS $4,135,891 $3,421,337
========== ==========
</TABLE>
The Plan was issued 10,366 shares of Peoples Bancorp Inc.
common stock on October 25, 1995 for a 10% stock dividend. On April 26,
1994, the Plan received 45,226 shares of Peoples Bancorp Inc. common
stock from a 2-for-1 stock split.
During 1995, the Plan's investments (including investments
bought, sold, and held during the year) appreciated (depreciated) in
value by $351,473 as follows:
1995
APPRECIATION
(DEPRECIATION)
CHANGES IN INVESTMENTS REPORTED AT FAIR
VALUE AS DETERMINED BY QUOTED PRICE
Acorn Fund $(2,373)
Vanguard 500 Fund (4,110)
Peoples Bancorp Inc. Common Stock 205,902
---------
$199,419
---------
CHANGES IN INVESTMENTS REPORTED
AT ESTIMATED FAIR VALUE
Peoples Stock Fund EB $129,017
Peoples Special Fund EB 23,037
---------
$152,054
---------
NET CHANGE IN FAIR VALUE $351,473
=========
NOTE 4: RELATED PARTY TRANSACTIONS
Certain Plan investments such as certificates of deposit and
shares in the common/collective trusts are managed by The Peoples Banking
and Trust Company, a subsidiary of Peoples Bancorp Inc. The Peoples
Banking and Trust Company is also the trustee as defined by the Plan and,
therefore, these transactions qualify as party-in-interest.
NOTE 5: PAYMENT OF EXPENSES
The Corporation elected to pay all the administrative expenses
and investment costs of the Plan. Should the Corporation elect not to
pay all or part of such expenses, the Trustee then pays these expenses
from the Plan.
NOTE 6: PLAN TERMINATION
Although it has not expressed any intent to do so, Peoples
Bancorp Inc. has the right under the Plan to discontinue its contributions
at any time and to terminate the Plan subject to the provisions of ERISA.
In the event of Plan termination, participants will become 100% vested in
their accounts.
NOTE 7: TAX STATUS
The Internal Revenue Service has determined and informed the
Corporation by letter dated July 20, 1987, stating that the Plan
constitutes a qualified trust under Sections 401(a) and 401(k) of the
Internal Revenue Code and is, therefore, exempt from Federal income
taxes under the provisions of Section 501(a). The Plan has been amended
since receiving the determination letter. However, the plan administrator
and the Plan's tax counsel believe that the Plan is designed and is
currently being operated in compliance with the applicable requirements
of the Internal Revenue Code. Therefore, no provision for income taxes
has been included in the Plan's financial statements.
SUPPLEMENTARY INFORMATION
INTERNAL REVENUE SERVICE
FORM 5500 - SCHEDULE G
EMPLOYER IDENTIFICATION NUMBER 31-0987416
NAME OF PLAN SPONSOR AS SHOWN ON LINE 1A OF FORM 5500
Peoples Bancorp Inc.
NAME OF PLAN
Peoples Bancorp Inc. Retirement Savings Plan
PART I
Schedule of Assets Held for Investment Purposes - See Form 5500, Item 27a
IDENTITY OF
ISSUE, BORROWER,
LESSOR, OR DESCRIPTION CURRENT
SIMILAR PARTY OF INVESTMENT COST VALUE
- ---------------------- ----------------- ---------- ----------
Fidelity U.S. Treasury Money Market Fund
Income Portfolio Fund 39,100 shares $39,100 $39,100
The Peoples Banking and Certificates of Deposit
Trust Company 6.65% due 08/27/96 27,000 27,000
7.00% due 10/02/96 16,100 16,100
7.15% due 11/04/96 11,900 11,900
6.75% due 12/12/96 34,700 34,700
6.00% due 02/26/97 47,500 47,500
6.85% due 05/05/97 20,000 20,000
6.85% due 07/18/97 15,900 15,900
5.60% due 06/14/98 14,804 14,804
5.35% due 10/19/98 1,800 1,800
5.60% due 12/14/98 13,000 13,000
5.05% due 04/19/99 10,000 10,000
6.27% due 05/19/99 23,000 23,000
6.10% due 06/29/99 26,000 26,000
6.10% due 07/05/99 17,000 17,000
5.60% due 07/27/99 15,400 15,400
6.10% due 08/31/99 16,700 16,700
6.10% due 09/14/99 22,000 22,000
Peoples Stock Fund EB Common/Collective Trust
11,282 shares 462,314 655,079
Peoples Special Stock Common/Collective Trust
Fund EB 6,702 shares 190,658 212,604
Acorn Fund Registered Investment
Company -
2,759.336 shares 39,900 37,527
Vanguard 500 Fund Registered Investment
Company -
872.879 shares 50,400 50,278
Peoples Bancorp Inc. Common Stock -
114,528 shares 1,514,627 2,705,724
Loans to Participants Varied terms through
2000 varied interest
rates from 8.0%
to 11.0% 92,775 92,775
---------- ----------
Total Investments $2,732,578 $4,135,891
========== ==========
PART II
Schedule of Assets Held for Investment Purposes That Were Both Acquired
and Disposed of Within the Plan Year - See Form 5500, Item 27a
IDENTITY OF
ISSUE, BORROWER,
LESSOR, OR DESCRIPTION COST OF PROCEEDS OF
SIMILAR PARTY OF INVESTMENT ACQUISITIONS DISPOSITIONS
- ------------------- --------------- -------------- --------------
Acorn Fund Registered Investment
Company - 3,485,476
shares 50,400 45,869
PART III
Schedule of Loans or Fixed Income Obligations - See Form 5500, Item 27b
NONE.
PART IV
Schedule of Leases in Default or Classified as Uncollectible - See Form
5500, Item 27c
NONE.
PART V
Schedule of Reportable Transactions - See Form 5500, Line 27d
<TABLE>
EXPENSE CURRENT VALUE NET
INCURRED COST OF ASSET ON GAIN
IDENTITY OF PURCHASE SELLING LEASE WITH OF TRANSACTION OR
PARTY INVOLVED DESCRIPTION OF ASSET PRICE PRICE RENTAL TRANSACTION ASSET DATE (LOSS)
- -------------- ------------------------ ---------- -------- -------- ----------- --------- ------------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Fidelity U.S. Money Market Fund
Treasury Income
Portfolio Fund Number of Purchases 238 $1,362,700 $0 $0 $1,362,700
Number of Sales 118 $1,359,600 0 0 $1,359,600 $1,359,600 $0
Peoples Bancorp Inc. Common Stock
Number of Purchases 13 214,989 0 0 214,989
Number of Sales 3 73,116 0 0 43,771 73,116 $29,345
</TABLE>
PART VI
Schedule of Nonexempt Transactions - See Form 5500, Item 27e
NONE.
PART VII
Schedule of Nonexempt Transactions - See Form 5500, Item 27f
NONE.
