April 28, 1997
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington D.C. 20549
Re: Britton & Koontz Capital Corporation
Current Report on Form 8-K
Commission File No.0-22606
Ladies and Gentlemen:
Pursuant to rules and regulations adopted under the securities
Exchange Act of 1934, as amended (the "Act"), transmitted hereby
for filing on behalf of Britton & Koontz Capital Corporation (the
"Company"), is a Current Report on Form 8-K.
Please call the undersigned at (601)445-5576 if you have any
questions concerning this filing.
Very truly yours,
/s/ WILLIAM M. SALTERS
William M. Salters
Vice President/Controller
Enclosure
cc: W. Page Ogden
Bazile R. Lanneau
Gary Meringer
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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: April 28, 1997
BRITTON & KOONTZ CAPITAL CORPORATION
(Exact name of issuer as specified in its charter)
64-0665423
Mississippi 0-22606 (IRS Employer
(State of Incorporation) Commission File Number Identification No.)
500 Main Street, Natchez, Mississippi 39120
(Address of principal executive offices)
Telephone: (601)445-5576
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BRITTON & KOONTZ CAPITAL CORPORATION
AND SUBSIDIARY
INDEX
Item 5. Other Events.
The contents of Exhibit 20 to this Form 8-K are hereby
incorporated herein by this reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
20 Other Documents or Statements to Security Holders.
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SIGNATURE
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
April 28, 1997 /s/ W. Page Ogden
W. Page Ogden
President and Chief Executive
Officer
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Exhibits Index
Exhibit
Number Item
20 Other Documents or Statements to Security Holders
Press Release Dated April 28, 1997
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EXHIBIT 20
Britton & Koontz Capital Corporation
500 Main Street
P O Box 1407
Natchez, MS 39121
601-445-5576
601-445-2488 Fax
http://www.bkbank.com
[email protected]
FOR IMMEDIATE RELEASE: FOR MORE INFORMATION:
April 28, 1997 W. Page Ogden, President & CEO
for ticker BKBK Bazile R. Lanneau, Jr., Vice President & CFO
BRITTON & KOONTZ REPORTS FIRST QUARTER 1997 RESULTS
Natchez, Mississippi (April 28, 1997) Britton & Koontz Capital
Corporation (the "Company") (Nasdaq/Symbol BKBK) today announced results for
the first quarter of 1997. Net income for the quarter ended March 31, 1997
increased to $582 thousand from $505 thousand for the same period in 1996.
Earnings per share increased to $1.32 from $1.14 in 1996. The increase is
primarily the result of increased loan demand and improvement in net interest
margin.
Britton & Koontz Capital Corporation, headquartered in Natchez,
Mississippi, is the parent company of Britton & Koontz First National Bank
which operates three full service offices in Natchez. As of March 31, 1997,
the Company reported assets of $155.6 million and equity of $17.1 million.
<PAGE>
BKBK Reports First Quarter 1997 Results
Britton & Koontz Capital Corporation
Financial Highlights
(Unaudited-Amounts in thousands, except per share data)
<TABLE>
<CAPTION>
For the Three Months
Ended March 31,
____________________
1997 1996
________ ________
<S> <C> <C> <C>
Interest income $2,875 $2,851
Interest expense $1,252 $1,323
Net interest income $1,623 $1,528
Provision for loan losses $40 $50
Net interest income after
provision for loan losses $1,583 $1,478
Non-interest income $357 $341
Non-interest expense $1,070 $1,066
Income before income taxes $870 $753
Income taxes $288 $248
Net income $582 $505
Net income per share (Primary) $1.32 $1.14
Weighted average shares outstanding 441,718 443,072
Return on average assets 1.54% 1.33%
Return on average equity 13.78% 12.86%
March 31, March 31, December 31,
1997 1996 1996
_________ _________ ___________
Total assets $155,602 $154,189 $151,303
Cash and due from banks $5,747 $5,078 $5,106
Investment securities $41,190 $50,438 $44,610
Net loans $96,336 $90,952 $95,322
Deposits-interest bearing $113,144 $115,161 $110,375
Deposits-non interest bearing $16,370 $15,473 $16,065
Short term borrowed funds $4,415 $2,921 $3,664
Stockholders' equity $17,104 $15,876 $16,521
Book value (per share) $38.78 $35.99 $37.46
</TABLE>
