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Previous: CAMBRIDGE BIOTECH CORP, 10-Q, 1996-08-12 |
Next: MISSION WEST PROPERTIES/NEW/, SC 13D/A, 1996-08-12 |
<PAGE>
===============================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
-----------------------
FORM 10-QSB/A
(Mark One)
X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES AND EXCHANGE ACT OF 1934
FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1996
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D)
OF THE SECURITIES ACT OF 1934
FOR THE TRANSITION PERIOD FROM __________ TO ___________
COMMISSION FILE NO. 2-78580
---------------------------
PNB FINANCIAL GROUP
------------------------------------------------------
(Exact Name of Small Business Issuer as Specified in its Charter)
CALIFORNIA 95-3847640
- ------------------------------- -------------------------------
(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER IDENTIFICATION NO.)
INCORPORATION OR REORGANIZATION)
4665 MACARTHUR COURT
NEWPORT BEACH, CALIFORNIA 92660
-------------------------------
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(714) 851-1033
--------------------------------------------------
(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
------ ------
THE NUMBER OF SHARES OF REGISTRANT'S COMMON STOCK OUTSTANDING AT AUGUST 4,
1996 WAS 2,164,783.
THIS REPORT INCLUDES A TOTAL OF 2 PAGES
================================================================================
<PAGE>
PNB FINANCIAL GROUP
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
THREE MONTHS ENDED JUNE 30, 1996 AND 1995
(unaudited)
<TABLE>
<CAPTION>
1996 1995
---------- ----------
<S> <C> <C>
Interest income:
Loans, including fees $3,338,000 $2,967,000
Investment securities 113,000 189,000
Federal funds sold 38,000 19,000
---------- ----------
Total interest income 3,489,000 3,175,000
Interest expense 992,000 864,000
---------- ----------
Net interest income 2,497,000 2,311,000
Provision for possible loan losses 300,000 235,000
---------- ----------
Net interest income after provision for possible loan losses 2,197,000 2,076,000
Other income:
Commissions and other revenue from mortgage banking operations 3,067,000 1,248,000
Service charges, fees and other 475,000 242,000
---------- ----------
Total other income 3,542,000 1,490,000
Other expenses:
Mortgage banking operations 2,274,000 933,000
Salaries & employee benefits 1,026,000 890,000
Occupancy 393,000 407,000
Other 767,000 804,000
---------- ----------
Total other expense 4,460,000 3,034,000
Income before income taxes 1,279,000 532,000
Provision for income taxes 227,000 -
---------- ----------
Net income $1,052,000 $ 532,000
========== ==========
Net income per share $ .46 $ .24
========== ==========
Weighted average number of shares 2,311,006 2,217,199
</TABLE>
See accompanying notes
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