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):April 10, 1998
Saratoga Bancorp
(Exact name of registrant as specified in its charter)
California
(State or other jurisdiction of incorporation)
2-77519-LA 94-2817587
(Commission File Number) (IRS Employer Identification No.)
12000 Saratoga-Sunnyvale Road, Saratoga, CA 95070
(Address of principal executive office and ZIP code)
Registrant's telephone number, including area code: (408) 973-1111
None
(Former name or former address, if changed since last report)
PAGE 1 OF 6 PAGES
Item 5 Current Report
Registrant has amended its financial data schedules for the preceding
two year period. The amended financial data schedules are listed under Item
7 below.
Item 7 Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) Exhibits
(27.2) Financial Data Schedules for fiscal year ends 1995, 1996 and
Quarters 1,2 and 3 of 1996.
(27.3) Financial Data Schedules for Quarters 1,2 and 3 of 1997.
PAGE 2 OF 6 PAGES
<PAGE> 3
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.
SARATOGA BANCORP
(Registrant)
By: ____________________________
Mary Page Rourke
Treasurer
(Principal Accounting Officer)
Date: April 10, 1998
PAGE 3 OF 6 PAGES
<PAGE> 4
INDEX TO EXHIBITS
Financial Data Schedules for fiscal year ends 1995, 1996 and
Quarters 1,2 and 3 of 1996. 5
Financial Data Schedules for Quarters 1,2 and of 1997. 6
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 9
<S> <C> <C> <C> <C> <C>
<PERIOD-TYPE> 12-MOS 3-MOS 6-MOS 9-MOS 12-MOS
<FISCAL-YEAR-END> DEC-31-1995 MAR-31-1996 JUN-30-1996 SEP-30-1996 DEC-31-1996
<PERIOD-END> DEC-31-1995 DEC-31-1996 DEC-31-1996 DEC-31-1996 DEC-31-1996
<CASH> 5239 4788 4965 3077 4543
<INT-BEARING-
DEPOSITS> 200 200 200 200 0
<FED-FUNDS-SOLD> 17700 10200 15500 20500 18300
<TRADING-ASSETS> 0 0 0 0 0
<INVESTMENTS-HELD-
FOR-SALE> 15376 23498 19548 14430 17949
<INVESTMENTS-
CARRYING> 20348 23800 23141 22664 24111
<INVESTMENTS-
MARKET> 20463 23744 22703 22013 24015
<LOANS> 36759 35508 38699 43957 52661
<ALLOWANCE> 776 708 711 720 628
<TOTAL-ASSETS> 100497 103396 106948 109705 121784
<DEPOSITS> 74949 78364 81499 83235 89444
<SHORT-TERM> 3070 0 0 0 1500
<LIABILITIES-
OTHER> 904 858 715 901 687
<LONG-TERM> 10517 13061 13449 14062 18201
<PREFERRED-
MANDATORY> 0 0 0 0 0
0 0 0 0 0
<COMMON> 4427 4427 4449 4458 4461
<OTHER-SE> 6630 6686 6836 7049 7491
<TOTAL-LIABILITIES-
AND-EQUITY> 100497 103396 106948 109705 121784
<INTEREST-LOAN> 3788 983 1972 3151 4395
<INTEREST-INVEST> 2363 603 1327 1982 2419
<INTEREST-OTHER> 421 155 286 518 771
<INTEREST-TOTAL> 6572 1741 3585 5651 7585
<INTEREST-DEPOSIT> 2470 618 1268 1982 2712
<INTEREST-EXPENSE> 2861 196 1653 2585 3558
<INTEREST-INCOME-
NET> 3711 927 932 3066 4027
<LOAN-LOSSES> 0 (50) (50) (50) (150)
<SECURITIES-GAINS> 72 0 0 (4) (4)
<EXPENSE-OTHER> 2868 722 1449 2184 2866
<INCOME-PRETAX> 1420 325 684 1171 1660
<INCOME-PRE-
EXTRAORDINARY> 8810 202 424 726 1101
<EXTRAORDINARY> 0 0 0 0 0
<CHANGES> 0 0 0 0 0
<NET-INCOME> 881 202 424 726 1101
<EPS-PRIMARY> 0.85 0.20 0.41 0.70 1.06
<EPS-DILUTED> 0.82 0.18 0.38 0.63 0.96
<YIELD-ACTUAL> 8.3 8.0 8.0 8.2 7.9
<LOANS-NON> 0 0 0 0 0
<LOANS-PAST> 0 0 80 0 0
<LOANS-TROUBLED> 196 195 195 192 187
<LOANS-PROBLEM> 1161 1142 1284 1022 1140
<ALLOWANCE-OPEN> 738 708 776 776 776
<CHARGE-OFFS> 45 29 38 38 39
<RECOVERIES> 83 11 23 32 41
<ALLOWANCE-CLOSE> 776 690 711 720 628
<ALLOWANCE-DOMESTIC> 776 690 711 720 628
<ALLOWANCE-FOREIGN> 0 0 0 0 0
<ALLOWANCE-
UNALLOCATED> 344 440 451 255 389
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 9
<S> <C> <C> <C> <C>
<PERIOD-TYPE> 3-MOS 6-MOS 9-MOS 12-MOS
<FISCAL-YEAR-END> DEC-31-1997 DEC-31-1997 DEC-31-1997 DEC-31-1997
<PERIOD-END> MAR-31-1997 JUN-30-1997 SEP-30-1997 DEC-31-1997
<CASH> 4912 4352 4428 4760
<INT-BEARING-
DEPOSITS> 0 0 1489 1489
<FED-FUNDS-SOLD> 20000 7200 10700 10500
<TRADING-ASSETS> 0 0 0 0
<INVESTMENTS-HELD-
FOR-SALE> 17316 19075 15132 16184
<INVESTMENTS-CARRYING> 23526 36095 35439 31152
<INVESTMENTS-MARKET> 23266 36083 35088 31293
<LOANS> 52269 52653 55115 63765
<ALLOWANCE> 620 625 543 578
<TOTAL-ASSETS> 122944 123220 125552 131044
<DEPOSITS> 91603 86381 88074 91046
<SHORT-TERM> 0 5000 5000 2000
<LIABILITIES-OTHER> 969 1174 1495 1409
<LONG-TERM> 18165 18094 18039 22984
0 0 0 0
0 0 0 0
<COMMON> 4461 4509 4531 4705
<OTHER-SE> 7746 8062 8413 8900
<TOTAL-LIABILITIES-
AND-EQUITY> 122944 123220 125552 131044
<INTEREST-LOAN> 1303 2634 4022 5571
<INTEREST-INVEST> 592 1445 2317 3138
<INTEREST-OTHER> 224 331 498 637
<INTEREST-TOTAL> 2119 4410 6837 9346
<INTEREST-DEPOSIT> 731 1428 2176 2922
<INTEREST-EXPENSE> 1011 2066 3170 4273
<INTEREST-INCOME-NET> 1108 2344 3667 5073
<LOAN-LOSSES> 0 0 0 0
<SECURITIES-GAINS> 0 (34) 34 34
<EXPENSE-OTHER> 780 1570 2349 2978
<INCOME-PRETAX> 450 973 1726 2572
<INCOME-PRE-
EXTRAORDINARY> 279 603 1070 1596
<EXTRAORDINARY> 0 0 0 0
<CHANGES> 0 0 0 0
<NET-INCOME> 279 603 1070 1596
<EPS-PRIMARY> 0.27 0.58 1.02 1.52
<EPS-DILUTED> 0.24 0.51 0.91 1.39
<YIELD-ACTUAL> 7.5 7.9 8.1 8.0
<LOANS-NON> 0 0 365 360
<LOANS-PAST> 0 0 0 0
<LOANS-TROUBLED> 183 106 0 0
<LOANS-PROBLEM> 788 757 1032 305
<ALLOWANCE-OPEN> 628 628 628 628
<CHARGE-OFFS> 18 23 115 115
<RECOVERIES> 10 20 30 65
<ALLOWANCE-CLOSE> 620 625 543 578
<ALLOWANCE-DOMESTIC> 620 625 543 578
<ALLOWANCE-FOREIGN> 0 0 0 0
<ALLOWANCE-UNALLOCATED> 0 257 177 219
</TABLE>
