<PAGE> 1
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)
DELTIC TIMBER CORP.
(NAME OF ISSUER)
COMMON STOCK
(TITLE OF CLASS OF SECURITIES)
247850 10 0
(CUSIP NUMBER)
Check the following box if a fee is being paid with the statement: [ ] (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1: and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE> 2
SCHEDULE 13G
CUSIP NO: 247850 10 0
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First United Bancshares, Inc. # 71-0538646
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP [X] (a)
[ ] (b)
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION Arkansas
Number of Shares Beneficially owned by Each Reporting Person With:
5. SOLE VOTING POWER 22,276
6. SHARED VOTING POWER 645,386
7. SOLE DISPOSITIVE POWER 21,776
8. SHARED DISPOSITIVE POWER 646,314
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY 668,090 (1)
EACH REPORTING PERSON
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9
EXCLUDES CERTAIN SHARES [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.2137998%
12. TYPE OF REPORTING PERSON HC
(1) The shares reported hereunder by reporting person are held in
various trust accounts administered by First United Trust Company, N.A. and
FirstBank, both wholly-owned subsidiaries of reporting person. As such reporting
person is filing this Schedule 13G on behalf of the above-named subsidiary
pursuant to Regulation 240.13d-1(f)(1), and for the purposes of Section 13(g) of
the Securities Exchange Act, expressly disclaims beneficial ownership of any
securities covered by this statement. In accordance with Regulation
240.13d-1(f)(1), see Exhibit 1 attached hereto which is an agreement reflecting
that this statement is filed on behalf of the above mentioned subsidiary.
<PAGE> 3
SCHEDULE 13G
CUSIP NO: 247850 10 0
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First United Trust Company, N.A. # 71-0792147
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP [ ] (a)
[ ] (b)
3. SEC USE ONLY
-----------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION United States
Number of Shares Beneficially owned by Each Reporting Person With:
5. SOLE VOTING POWER 20,476
6. SHARED VOTING POWER 645,386
7. SOLE DISPOSITIVE POWER 20,476
8. SHARED DISPOSITIVE POWER 645,814
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY 666,290(1)
EACH REPORTING PERSON
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9
EXCLUDES CERTAIN SHARES [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.1997525%
12. TYPE OF REPORTING PERSON OO
(1) The shares reported hereunder by First United Trust Company, N.A.
are held in trust and voted by the company as Trustee.
<PAGE> 4
SCHEDULE 13G
CUSIP NO: 247850 10 0
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FirstBank, Texarkana, TX # 75-1018128
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP [X] (a)
[ ] (b)
3. SEC USE ONLY
-----------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION Texas
Number of Shares Beneficially owned by Each Reporting Person With:
5. SOLE VOTING POWER 1,800
6. SHARED VOTING POWER -0-
7. SOLE DISPOSITIVE POWER 1,300
8. SHARED DISPOSITIVE POWER 500
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY 1,800(1)
EACH REPORTING PERSON
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9
EXCLUDES CERTAIN SHARES [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 .0140473%
12. TYPE OF REPORTING PERSON BK
(1) The shares reported hereunder by FirstBank are held in trust and
voted by the bank as Trustee.
<PAGE> 5
Item 1(a) Name of Issuer: Deltic Timber Corp.
Item 1(b) Address of Issuer's Principal Executive Offices:
200 Peach Street
El Dorado, Arkansas 71730
Item 2(a) Name of Persons Filing:
First United Bancshares, Inc.
First United Trust Company, N.A.
FirstBank
Item 2(b) Address of Principal Business Office or, if none, Residence:
First United Bancshares, Inc.
Main and Washington Streets
El Dorado, Arkansas 71730
First United Trust Company, N.A. FirstBank
Main and Washington Streets 3000 New Boston Road
El Dorado, Arkansas 71730 Texarkana, Texas 75501
Item 2(c) Citizenship: (See Item 4 of each cover page hereto)
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number: 247850 10 0
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the
Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of
the Act
(d) [ ] Investment Company registered under section 8 of the
Investment Company Act
(e) [ ] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; See SECTION
240.13d-1(b) (1) (ii) (F)
(g) [X] Parent Holding Company, in accordance with
SECTION 240.13d-1(b) (ii) (G)
If this Statement is filed pursuant to Rule 13d-1(b) (2), check this box: [ ]
<PAGE> 6
Item 4. Ownership
(a) Amount Beneficially Owned: (See Item 9 of each cover page hereto)
(b) Percent of Class: (See Item 11 of each cover page hereto)
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the vote *
(ii) shared power to vote or to direct the vote *
(iii) sole power to dispose or to direct the disposition of *
(iv) shared power to dispose or direct the disposition of *
* (See Items 5-8 of each cover page hereto.)
Item 5. Ownership of Five Percent or Less of a Class
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company
The Schedule is being filed by First United Bancshares, Inc. on
behalf of its wholly owned subsidiaries, First United Trust
Company, N.A. and FirstBank, which hold the Issuer's common stock
as trustee for various beneficiaries pursuant to granted trust
authority
Item 8. Identification and Classification of Members of the Group
See Item 2(a) above and each cover page hereto.
Item 9. Notice of Dissolution of Group
Not Applicable
Item 10. Certification
Not Applicable
<PAGE> 7
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 4, 1999
FIRST UNITED BANCSHARES, INC.
By: /s/ JAMES V. KELLEY
----------------------------------------
Title: Chairman and President
<PAGE> 8
EXHIBIT 1
Agreement
In accordance with 17 C.F.R. Section 240.13d-1(f)(1)(iii), the
undersigned hereby agrees and consents to the filing of the Schedule 13G by
First United Bancshares, Inc. on our behalf regarding the beneficial ownership
of the common stock of Deltic Timber, said stock held in trust pursuant to
granted trust authority.
FIRST UNITED TRUST COMPANY, N.A.
By: /s/ Richard P. Clark, II
----------------------------------------
Title: President & Chief Executive Officer
FIRSTBANK
By: /s/ Robert McDowell
----------------------------------------
Title: Executive Vice President
