|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: MANAGED ASSETS TRUST, 485BPOS, 2000-04-21 |
Next: APPLIED MICRO CIRCUITS CORP, S-3, 2000-04-21 |
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 21, 2000
BRITTON & KOONTZ CAPITAL CORPORATION
(Exact name of issuer as specified in its charter)
Mississippi 0-22606 64-0665423
(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
1
<PAGE>
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.
<PAGE>
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
March 21, 2000 /s/ W. Page Ogden
W. Page Ogden
President and Chief Executive Officer
<PAGE>
Exhibits Index
Exhibit
Number Item
20 Other Documents or Statements to Security Holders
Press Release Dated April 19, 2000
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 19, 2000 W. Page Ogden, President & CEO
for (Nasdaq/Symbol BKBK) Bazile R. Lanneau, Jr., Vice President & CFO
BRITTON & KOONTZ CAPITAL CORP. REPORTS FIRST QUARTER 2000 EARNINGS
Natchez, Mississippi-- Britton & Koontz Capital Corporation's board of
directors today announced results for the quarter ended March 31, 2000. Net
Income and earnings per share totaled $602 thousand and $.34 per share compared
to $568 thousand and $.32 per share for the period ended March 31, 1999. Fee
income from mortgage originations and sales of mortgage loans rose 57% over the
first quarter of 1999, reflecting recent expansion of the bank's lending
presence to Vicksburg, Mississippi and Baton Rouge, Louisiana. Net interest
income increased $271 thousand on the strength of a 17% growth in average loans
while net interest margin remained stable at 4.41%.
Britton & Koontz Capital Corporation, headquartered in Natchez,
Mississippi, is the parent company of Britton & Koontz First National Bank which
operates four full service offices in Natchez, one full service office in
Vicksburg and a loan production office in Baton Rouge. As of March 31, 2000, the
Company reported assets of $219.2 million and equity of $20.6 million. The
Company's stock is traded on NASDAQ under the symbol BKBK and the transfer agent
is American Stock Transfer & Trust Company. Total shares outstanding amounted to
1,759,064.
<PAGE>
Britton and Koontz Capital Corporation
Financial Highlights
(Unaudited-Amounts in thousands, except per share data)
<TABLE>
For the Three Months
Ended March 31,
----------------------------------------
2000 1999
----------------------------------------
<S> <C> <C>
Interest income $4,074 $3,333
Interest expense (1,853) (1,383)
---------------- ---------------
Net interest income 2,221 1,950
Provision for loan losses (70) (45)
---------------- ---------------
Net interest income after
provision for loan losses 2,151 1,905
Non-interest income 512 430
Non-interest expense (1,745) (1,458)
---------------- ---------------
Income before income taxes 918 877
Income taxes (316) (309)
---------------- ---------------
Net income $602 $568
================ ===============
Basic:
Net income per share $0.34 $0.32
================ ===============
Weighted average shares outstanding 1,763,866 1,767,064
================ ===============
</TABLE>
<TABLE>
March 31, December 31, March 31,
2000 1999 1999
---------------- --------------- ----------------
<S> <C> <C> <C>
Total assets $219,241 $208,854 $182,148
Cash and due from banks 6,137 5,587 5,076
Investment securities 57,161 52,766 45,149
Net loans 143,498 139,141 121,607
Deposits-interest bearing 156,778 140,745 133,985
Deposits-non interest bearing 25,818 25,549 22,824
Short term borrowed funds 12,750 19,332 2,166
Stockholders' equity 20,597 20,152 19,746
Book value (per share) $11.71 $11.40 $11.17
</TABLE>
|
|