FORM 10 - Q/A
AMENDMENT NUMBER 2
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the six months ended June 30, 1995
Commission file number 0-11716
COMMUNITY BANK SYSTEM, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 16-1213679
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
5790 Widewaters Parkway, DeWitt, New York 13214
(Address of principal executive offices) (Zip Code)
315/445-2282
(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 periods 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___
Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practical date.
Common Stock, $1.25 par value -- 3,656,150 shares as of August 10, 1995.
<PAGE>
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.
Community Bank System, Inc.
Date: September 21, 1995 /s/ Sanford A. Belden
--------------------------------
Sanford A. Belden, President and
Chief Executive Officer
Date: September 21, 1995 /s/ David G. Wallace
--------------------------------
David G. Wallace, Senior Vice President
Chief Financial Officer
<TABLE> <S> <C>
<ARTICLE> 9
<MULTIPLIER> 1000
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<CASH> 33,621
<INT-BEARING-DEPOSITS> 0
<FED-FUNDS-SOLD> 0
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 320,833
<INVESTMENTS-CARRYING> 320,833
<INVESTMENTS-MARKET> 333,608
<LOANS> 515,310
<ALLOWANCE> 6,699
<TOTAL-ASSETS> 1,002,444
<DEPOSITS> 709,095
<SHORT-TERM> 188,200
<LIABILITIES-OTHER> 9,190
<LONG-TERM> 550
<COMMON> 4,379
0
9,000
<OTHER-SE> 82,580
<TOTAL-LIABILITIES-AND-EQUITY> 1,002,444
<INTEREST-LOAN> 23,610
<INTEREST-INVEST> 14,574
<INTEREST-OTHER> 32
<INTEREST-TOTAL> 38,216
<INTEREST-DEPOSIT> 12,240
<INTEREST-EXPENSE> 17,218
<INTEREST-INCOME-NET> 20,997
<LOAN-LOSSES> 853
<SECURITIES-GAINS> 0
<EXPENSE-OTHER> 14,155
<INCOME-PRETAX> 8,761
<INCOME-PRE-EXTRAORDINARY> 3,438
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 5,323
<EPS-PRIMARY> 1.89
<EPS-DILUTED> 1.89
<YIELD-ACTUAL> 0
<LOANS-NON> 0
<LOANS-PAST> 0
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 0
<CHARGE-OFFS> 0
<RECOVERIES> 0
<ALLOWANCE-CLOSE> 0
<ALLOWANCE-DOMESTIC> 0
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 0
</TABLE>
