<PAGE> 1
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 (date of earliest event reported): DECEMBER 22, 2000
FNB FINANCIAL SERVICES CORPORATION
------------------------------------------------------
(Exact name of registrant as specified in its charter)
NORTH CAROLINA 0-13086 56-1382275
---------------------------- ------------ -------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
202 SOUTH MAIN STREET
REIDSVILLE, NORTH CAROLINA 27320
----------------------------------------
(Address of principal executive offices)
Registrant's telephone number, including area code: (336) 342-3346
N/A
-------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE> 2
ITEM 5. OTHER EVENTS
On December 22, 2000, FNB Financial Services Corporation (the
"Registrant") announced that it plans to take a provision for loan losses
expense totaling approximately $1.2 million during the fourth quarter of 2000.
The principal purpose for incurring this expense is to increase the Registrant's
allowance for loan losses to approximately 1.25% of outstanding loans. The
provision results from the Registrant's continuing evaluation of its loan
portfolio in light of a slowing economy. In addition, the Registrant expects to
record higher non-interest expenses in the fourth quarter of 2000 due to various
one-time period expenses incurred with respect to the consolidation of its two
bank subsidiaries. A copy of the press release announcing the Registrant's plans
is attached hereto as Exhibit 99 and incorporated herein.
2
<PAGE> 3
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 hereunto duly authorized.
FNB Financial Services Corporation
Date: December 22, 2000 By: /s/ Michael. W. Shelton
-------------------------------------
Michael W. Shelton, Vice President
and Chief Financial Officer
3
<PAGE> 4
EXHIBIT INDEX
Exhibit No. Description
----------- -----------
99 Press Release of the Registrant distributed December
22, 2000
4