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Previous: CENTURY PROPERTIES GROWTH FUND XXII, 8-K, 1998-11-17 |
Next: HCW PENSION REAL ESTATE FUND LTD PARTNERSHIP, SC 14D1/A, 1998-11-17 |
FORM 10-Q/A
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 quarter ended September 30, 1998 Commission file number 0-13759
------------------ -------
ANCHOR FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
South Carolina 57-0778015
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification number)
2002 Oak St., Myrtle Beach, S. C. 29577
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (843) 448-1411
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 shorter period 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 practicable date.
Class Outstanding at November 10, 1998
------------------------------------- --------------------------------
(Common stock, no par value) 6,487,148
<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.
/s/ Stephen L. Chryst
Stephen L. Chryst, President and
Chief Executive Officer
/s/ Tommy E. Looper
Tommy E. Looper, Executive Vice
President and Chief Financial
Officer
/s/ John J. Moran
John J. Moran, Senior Vice President
and Comptroller
Date: November 10, 1998
<TABLE> <S> <C>
<ARTICLE> 9
<S> <C>
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> SEP-30-1998
<PERIOD-TYPE> 9-MOS
<CASH> 40,107,904
<INT-BEARING-DEPOSITS> 2,717,662
<FED-FUNDS-SOLD> 8,960,000
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 207,386,045
<INVESTMENTS-CARRYING> 20,747,334
<INVESTMENTS-MARKET> 20,982,470
<LOANS> 703,028,494
<ALLOWANCE> 8,244,573
<TOTAL-ASSETS> 1,011,912,326
<DEPOSITS> 869,760,568
<SHORT-TERM> 18,628,142
<LIABILITIES-OTHER> 8,358,566
<LONG-TERM> 43,500,000
<COMMON> 46,762,292
0
0
<OTHER-SE> 24,902,758
<TOTAL-LIABILITIES-AND-EQUITY> 1,011,912,326
<INTEREST-LOAN> 48,679,090
<INTEREST-INVEST> 9,776,568
<INTEREST-OTHER> 1,235,490
<INTEREST-TOTAL> 59,691,148
<INTEREST-DEPOSIT> 24,608,170
<INTEREST-EXPENSE> 27,553,527
<INTEREST-INCOME-NET> 32,137,621
<LOAN-LOSSES> 2,372,000
<SECURITIES-GAINS> 19,852
<EXPENSE-OTHER> 27,091,694
<INCOME-PRETAX> 9,033,065
<INCOME-PRE-EXTRAORDINARY> 9,033,065
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 5,328,000
<EPS-PRIMARY> 0.79
<EPS-DILUTED> 0.79
<YIELD-ACTUAL> 4.63
<LOANS-NON> 817,270
<LOANS-PAST> 124,526
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 7,321,491
<CHARGE-OFFS> 1,966,053
<RECOVERIES> 517,135
<ALLOWANCE-CLOSE> 8,244,573
<ALLOWANCE-DOMESTIC> 7,744,573
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 500,000
</TABLE>
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