SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 13, 2000
(January 12, 2000)
First Decatur Bancshares, Inc.
(Exact name of registrant as specified in its charter)
Delaware 33-80333 37-1085161
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
130 North Water Street, Decatur, Illinois 62523
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 217-424-1111
Not Applicable
(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS
On January 12, 2000, Registrant issued a press release announcing its
1999 unaudited earnings.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Business Acquired.
None.
(b) Pro Forma Financial Information.
None.
(c) Exhibits.
99.1 Press Release of First Decatur Bancshares, Inc. dated
January 12, 2000.
PAGE 1
<PAGE>
SIGNATURES
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 hereunto duly authorized.
FIRST DECATUR BANCSHARES, INC.
Dated: January 12, 2000 By: /s/ Phillip C. Wise
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Phillip C. Wise
President and Chief Executive Officer
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EXHIBIT 99.1
FIRST DECATUR BANCSHARES, INC.
130 North Water Street
Decatur, IL 62523
Phillip C. Wise John W. Luttrell
President Chairman of the Board
NEWS RELEASE
FOR MORE INFORMATION CONTACT:
Philip C. Wise, President
John W. Luttrell, Chairman
First Decatur Bancshares
(217) 424-1111
FOR IMMEDIATE RELEASE
FIRST DECATUR BANCSHARES, INC.
REPORT 1999 EARNINGS
DECATUR, ILLINOIS - January 12, 2000 - First Decatur Bancshares, Inc.
(OTC BB-FDEC) today reported that it estimates that 1999 earnings, excluding
one-time charges, increased 12.7% to a record $6.323 million compared to $5.611
million in 1998 or $2.29 per share compared to $1.95 in 1998. John W. Luttrell,
Chairman of First Decatur, said, "We are pleased that our earnings, excluding
the one-time charges, exceeded $6 million for the first time in our history."
The one-time charges were approximately $2.187 million net of income
taxes and included non-cash expenses associated with terminating First Decatur's
defined benefit retirement plan in anticipation of its merger with BankIllinois
Financial Corporation and a non-cash liability recorded in connection with
unresolved reconciliation differences involving First Decatur's subsidiary,
FirsTech, Inc. Giving effect to such non-recurring items, First Decatur's 1999
estimated earnings were $4.136 million or $1.50 per share.
First Decatur Corporation is a $462 million bank holding company
headquartered in Decatur, Illinois.
