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SECURITIES AND EXCHANGE C0MMISSION
Washington, D.C. 20549
Form 10-Q\A
QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For Quarter Ended June 30, 1995 Commission File Number 0-16637
BROAD NATIONAL BANCORPORATION
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(Exact name of registrant as specified in its charter)
NEW JERSEY 22-2395057
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) identification No.)
905 Broad Street, Newark NJ 07102
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(Address of principal executive offices) (Zip Code)
Registrant telephone number, including area code (201) 624-2300
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N/A
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Former name, former address and former fiscal year, if changed since last
report.
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
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Number of shares outstanding of Broad National Bancorporation class of
Common Stock, as of July 31, 1995:
Common Stock, $1.00 par value - 3,001,133
1
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BROAD NATIONAL BANCORPORATION
Index to Form 10-Q Financial Information
For the Three Months and Six Months Ended June 30, 1995
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PAGE
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PART 1 - FINANCIAL INFORMATION 3
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Consolidated Statements of Condition
as of June 30, 1995 and December 31, 1994 4
Consolidated Statements of Income for the
Three Month and Six Month Periods Ended
June 30, 1995 and 1994 5
Consolidated Statements of Cash Flows for the Six
Month Periods Ended June 30, 1995 and 1994 7
Notes to Consolidated Financial Statements 8
Management's Discussion and Analysis of Financial
Condition and Results of Operations 10
PART 2 - OTHER INFORMATION 20
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Items 1 to 5 Not Applicable or Negative
Item 6 20
Signatures 21
Exhibit I - Computation of Net Income
per Common Share 22
Exhibit II - Independent Auditor's Review Report of Interim
Financial Information 23
Exhibit 27 - Financial Data Schedule 24
2
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BROAD NATIONAL BANCORPORATION
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.
BROAD NATIONAL BANCORPORATION
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(registrant)
Date: September 27, 1995 /s/ Donald M. Karp
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Donald M. Karp
Chairman and CEO
/s/ James Boyle
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James Boyle
Treasurer
3
<TABLE> <S> <C>
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<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM BROAD
NATIONAL BANCORPORATION'S FORM 10-Q FOR THE QUARTER ENDED JUNE 30, 1995 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-START> JAN-01-1995
<PERIOD-END> JUN-30-1995
<CASH> 23,261
<INT-BEARING-DEPOSITS> 0
<FED-FUNDS-SOLD> 65,100
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<LOANS> 262,275
<ALLOWANCE> 7,434
<TOTAL-ASSETS> 474,027
<DEPOSITS> 434,663
<SHORT-TERM> 1,405
<LIABILITIES-OTHER> 5,587
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<COMMON> 2,891
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820
<OTHER-SE> 28,661
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