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As filed with the Securities and Exchange Commission on December 2, 1998
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 8 - K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
October 31, 1998
FIRST CHARTER CORPORATION
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(Exact name of registrant as specified in its charter)
North Carolina 0-15829 56-1355866
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
22 Union Street, North, Concord, North Carolina 28026-0228
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(Addresses, including zip codes, of principal executive offices)
(704) 786-3300
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(Registrant's telephone number, including area code)
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ITEM 5 OTHER EVENTS.
First Charter Corporation announces its financial results for the first
month of combined operations after its merger with HFNC Financial Corp.
("HFNC"). As previously reported, the merger was consummated on September 30,
1998, and was accounted for as a pooling-of-interests. Accordingly, all prior
period's financial information has been restated to combine the accounts of HFNC
with those of First Charter Corporation. In the opinion of management, the
following unaudited financial information for the one month ended October 31,
1998 and 1997 contains all adjustments (which consists of normal recurring
accruals) necessary to present such information in accordance with generally
accepted accounting principles.
For the One Month Ended
(Dollars in thousands, unaudited) October 31, 1998 October 31, 1997
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Interest income ......................... $11,590 $10,560
Interest expense ........................ 6,080 5,422
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Net interest income ..................... 5,510 5,138
Provision for loan losses ............... 154 146
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Net interest income after provision
for loan losses ................. 5,356 4,992
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Noninterest income ...................... 912 939
Noninterest expense ..................... 3,249 3,645
Income tax expense ...................... 1,100 789
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Net income .............................. $ 1,919 $ 1,497
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ITEM 7 FINANCIAL STATEMENTS AND EXHIBITS
Not applicable.
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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 thereunto duly authorized.
FIRST CHARTER CORPORATION
By: /s/ Lawrence M. Kimbrough
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Lawrence M. Kimbrough
President and Chief Executive Officer
Dated December 2, 1998
