<PAGE>
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-QSB/A
Amendment No. 1
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended____March 31, 1995________________________
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from___________ to___________
Commission file number 0-13664
____________________GRANGE NATIONAL BANC CORP___________________________
(Exact name of registrant as specified in its charter)
________________PENNSYLVANIA__________ ____________23-2314065_________
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
198 E. TIOGA STREET
________TUNKHANNOCK, PENNSYLVANIA_______
(Address of principal executive offices)
__________(717)_836-2100_________________
(Issuer's telephone number)
_________________________________________
Former name, former address and former fiscal year, if
changed since last report.
Check whether the issuer (1) 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 ___
APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practical date: 345,627
Transitional Small Business Disclosure Format (Check one):
Yes ___; No _X_
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PART II. OTHER INFORMATION:
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits
Exhibit 27 - Financial Data Schedule
(ii) Statement re: computation of earnings per share:
Earnings per share are calculated on the basis of the weighted average
number of shares outstanding. The number of shares used to calculate
earnings per share for the periods presented are as indicated in each
period.
During the current fiscal quarter, there have been no events of a
nature required to be filed on Form 8-K.
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.
GRANGE NATIONAL BANC CORP.
--------------------------
(Registrant)
Date August 11, 1995 /s/ Thomas A. McCullough
--------------- -------------------------
Thomas A. McCullough
President
Chief Executive Officer
Chief Financial Officer
Date August 11, 1995 /s/ Philip O. Farr
--------------- -------------------------
Philip O. Farr
Chief Accounting Officer
<TABLE> <S> <C>
<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM OUR 10-QSB/A AMENDMENT NO. 1 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> MAR-31-1995
<CASH> 1,668
<INT-BEARING-DEPOSITS> 6,625
<FED-FUNDS-SOLD> 0
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 6,483
<INVESTMENTS-CARRYING> 13,151
<INVESTMENTS-MARKET> 13,079
<LOANS> 48,380
<ALLOWANCE> 480
<TOTAL-ASSETS> 79,132
<DEPOSITS> 69,509
<SHORT-TERM> 608
<LIABILITIES-OTHER> 422
<LONG-TERM> 0
<COMMON> 3,212
0
0
<OTHER-SE> 5,382
<TOTAL-LIABILITIES-AND-EQUITY> 8,593
<INTEREST-LOAN> 1,142
<INTEREST-INVEST> 288
<INTEREST-OTHER> 67
<INTEREST-TOTAL> 1,497
<INTEREST-DEPOSIT> 593
<INTEREST-EXPENSE> 603
<INTEREST-INCOME-NET> 894
<LOAN-LOSSES> 15
<SECURITIES-GAINS> 0
<EXPENSE-OTHER> 543
<INCOME-PRETAX> 430
<INCOME-PRE-EXTRAORDINARY> 292
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 292
<EPS-PRIMARY> 0.82
<EPS-DILUTED> 0.82
<YIELD-ACTUAL> 5.04
<LOANS-NON> 119
<LOANS-PAST> 382
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 479
<CHARGE-OFFS> 18
<RECOVERIES> 3
<ALLOWANCE-CLOSE> 479
<ALLOWANCE-DOMESTIC> 479
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 0
</TABLE>
