U. S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB/A
AMENDMENT NUMBER 1
(Mark One)
[X] Quarterly Report Under Section 13 Or 15(d) Of The Securities Exchange
Act Of 1934 For The Quarterly Period Ended September 30, 1996
[ ] Transition Report Pursuant To Section 13 Or 15(d) Of The Securities
Exchange Act Of 1934
Commission File Number 02-22606
BRITTON & KOONTZ CAPITAL CORPORATION
Mississippi 64-0665423
(State of Incorporation) (IRS Employer
Identification No.)
500 Main Street, Natchez, Mississippi 39120
Telephone: 601-445-5576
The purpose of this amendment is to report correctly the WEIGHTED AVERAGE
SHARES OUTSTANDING on the Consolidated Statement of Income.
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BRITTON & KOONTZ CAPITAL CORPORATION
AND SUBSIDIARY
INDEX
CONSOLIDATED STATEMENT OF INCOME
SIGNATURE
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BRITTON & KOONTZ CAPITAL CORPORATION AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF INCOME
<TABLE>
<CAPTION>
Three Months Ended Nine Months Ended
September 30, September 30,
----------------------------------- ----------------------------------
1996 1995 1996 1995
---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
Interest Income:
Interest and fees on loans $2,074,386 $1,974,897 $6,094,693 $5,560,228
Interest on investment securities
Taxable interest income 796,899 868,074 2,430,619 2,731,465
Exempt from federal taxes 19,609 17,340 57,737 52,332
Interest on federal funds sold 996 4,960 58,005 8,036
---------- ------------------- ---------- ----------
Total Interest Income $2,891,890 $2,865,271 $8,641,054 $8,352,061
---------- ---------- ---------- ----------
Interest Expense:
Interest on deposits $1,217,977 $1,296,224 $3,746,095 $3,616,533
Interest on federal funds purchase 34,281 5,296 34,515 22,315
Interest on securities sold under
repurchase agreements 34,333 34,897 110,358 205,914
---------- ---------- ---------- ----------
Total Interest expense $1,286,591 $1,336,417 $3,890,968 $3,844,762
---------- ---------- ---------- ----------
Net Interest Income $1,605,299 $1,528,854 $4,750,086 $4,507,299
Provision for loan losses 0 25,000 50,000 $75,000
---------- ---------- ---------- ----------
Net interest income after
Provision for loan Losses $1,605,299 $1,503,854 $4,700,086 $4,432,299
---------- ---------- ---------- ----------
Other Income:
Service charge on deposit accounts 167,917 161,661 480,622 461,160
Income from fiduciary activities 13,385 13,799 41,323 42,135
Insurance premiums and commissions 7,864 10,563 31,713 28,119
Gain/(loss) on sale of ORE 0 0 (7,086) (5,610)
Gain/(loss) on sale of mortgage loans 615 0 (399) 0
Gain on sale of premises & equipment 0 0 100 0
Amortization of negative goodwill 84,880 101,560 266,520 318,790
Valuation adjustment loans held for sale 0 0 0 56,248
Other 58,466 23,104 195,039 106,619
---------- ---------- ---------- ----------
Total other income $ 333,127 $ 310,687 $1,007,832 $1,007,461
---------- ---------- ---------- ----------
Other Expense
Salaries 601,838 473,581 1,629,188 1,458,420
Employee benefits 63,043 77,236 202,233 233,041
Net occupancy expense 90,035 80,168 261,216 247,814
Equipment expense 119,107 80,487 370,660 244,217
FDIC assessment 286,553 24,046 345,619 163,071
Stationery & supplies 31,462 22,494 95,020 73,797
Other real estate expense (1,442) 2,082 (6,053) 4,155
Other 269,923 227,260 787,062 637,967
---------- ---------- ---------- ----------
Total other expenses $1,460,519 $ 987,354 $3,684,945 $3,062,482
---------- ---------- ---------- ----------
Income Before Income Taxes 477,907 827,187 2,022,973 2,377,278
Income tax expense 155,607 255,939 648,163 763,872
---------- ---------- ---------- ----------
Net Income $ 322,300 $ 571,248 $1,374,810 $1,613,406
========== ========== ========== ==========
Net Income Per Share $0.73 $1.29 $3.10 $3.65
Weighted Average Shares Outstanding 442,584 442,342 442,954 441,835
The accompanying notes are an integral part of these financial statements
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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 thereto duly authorized.
BRITTON & KOONTZ CAPITAL CORPORATION
November 14, 1996 /s/ W. Page Ogden
W. Page Ogden
President and Chief Executive
Officer