<PAGE>
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
For the transition period from .......to............
Commission File Number 2-76280
FARMERS NATIONAL BANCORP
(Exact name of registrant as specified in its charter)
MARYLAND 52-1241460
(State or other jurisdiction of (I.R.S. Employer
Incorporation or organization) Identification No.)
5 CHURCH CIRCLE, ANNAPOLIS, MARYLAND 21401
(Address of principal executive offices)
(Zip Code)
(410) 263-2603
(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
.... ....
APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practical date:
CLASS OUTSTANDING AT OCTOBER 31, 1994
Common stock, $1.00 par value 2,699,056 shares
<PAGE>
FARMERS NATIONAL BANCORP
INDEX
PAGE NUMBER
PART II. Other Information
Item 6 15
Signatures 16
<PAGE>
Part II Other Information
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
EXHIBITS DESCRIPTION
(27) Financial Data Schedule
Agreement and Plan of Reorganization dated July 1, 1994 attached as
Exhibit 2 to the Quarterly Report on Form 10-Q of Farmers National Bancorp filed
August 12, 1994 is hereby incorporated by reference.
REPORTS ON FORM 8-K
Current Report on Form 8-K of Farmers National Bancorp dated July 7,
1994 is hereby incorporated by reference.
-15-
<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 thereunto duly authorized.
FARMERS NATIONAL BANCORP
Date: December 19, 1994 /s/ JOHN M. SUIT, II
------------------------------------
John M. Suit, II
President and Chief Executive Officer
Date: December 19, 1994 /S/ LOUIS A. SUPANEK
------------------------------------
Louis A. Supanek
Vice President and Treasurer
-16-
<PAGE>
EXHIBIT INDEX
Exhibit No. Description of Exhibit Page
- ----------- ---------------------- ----
27 Financial Data Schedule 18
-17-
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CONSOLIDATED
BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF INCOME, AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> SEP-30-1994
<CASH> 29,431
<INT-BEARING-DEPOSITS> 2,368
<FED-FUNDS-SOLD> 11,300
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 38,881
<INVESTMENTS-CARRYING> 285,712
<INVESTMENTS-MARKET> 280,108
<LOANS> 321,184
<ALLOWANCE> 5,812
<TOTAL-ASSETS> 708,764
<DEPOSITS> 616,469
<SHORT-TERM> 12,055
<LIABILITIES-OTHER> 6,827
<LONG-TERM> 90
<COMMON> 2,699
0
0
<OTHER-SE> 70,624
<TOTAL-LIABILITIES-AND-EQUITY> 708,764
<INTEREST-LOAN> 20,655
<INTEREST-INVEST> 11,463
<INTEREST-OTHER> 820
<INTEREST-TOTAL> 32,938
<INTEREST-DEPOSIT> 12,255
<INTEREST-EXPENSE> 12,545
<INTEREST-INCOME-NET> 20,393
<LOAN-LOSSES> 613
<SECURITIES-GAINS> 29
<EXPENSE-OTHER> 13,699
<INCOME-PRETAX> 9,549
<INCOME-PRE-EXTRAORDINARY> 6,949
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 6,949
<EPS-PRIMARY> 2.57
<EPS-DILUTED> 2.57
<YIELD-ACTUAL> 4.41
<LOANS-NON> 3,262
<LOANS-PAST> 788
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 23,915
<ALLOWANCE-OPEN> 5,558
<CHARGE-OFFS> 438
<RECOVERIES> 79
<ALLOWANCE-CLOSE> 5,812
<ALLOWANCE-DOMESTIC> 4,650
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 1,162
</TABLE>
