<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
The purpose of this filing is to correct the prior submission of the financial
data schedule.
For the quarterly period ended March 31, 1995
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Commission file number 2-96144
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CITIZENS FINANCIAL CORP.
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(Exact name of registrant as specified in its charter)
Delaware 55-0666598
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
213 Third Street, Elkins, West Virginia 26241
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(Address of principal executive offices) (Zip Code)
(304) 636-4095
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name, former address and former fiscal year,
if changed since last report.)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such 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
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Indicate the number of shares outstanding of each of the issuer's classes
of common stock, as of the latest practicable date.
Outstanding at
Class March 31, 1995
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Common Stock ($2 par value) 688,288
This report contains 3 pages.
1
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PART II - OTHER INFORMATION
Item 1. Legal Proceedings: None.
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Item 2. Changes in Securities: None.
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Item 3. Defaults upon Senior Securities: None.
-------------------------------
Item 4. Submission of Matters to a Vote of Security Holders: None.
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Item 5. Other Information: None.
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Item 6. Exhibits and Reports on Form 8-K:
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(a) Exhibits: Exhibit 27, Financial Data Schedule
(b) Reports on Form 8-K: None.
2
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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.
CITIZENS FINANCIAL CORP.
Date: June 20, 1995 /s/ Robert J. Schoonover
____________________ _______________________________
Robert J. Schoonover
President
Chief Executive Officer
Date: June 20, 1995 /s/ Thomas K. Derbyshire
____________________ _______________________________
Thomas K. Derbyshire
Treasurer
Principal Financial Officer
3
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 9
<LEGEND>
This schedule contains summary financial information extracted from the
March 31, 1995 Form 10-Q 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-31-1994
<PERIOD-START> JAN-01-1995
<PERIOD-END> MAR-31-1995
<CASH> 2,568
<INT-BEARING-DEPOSITS> 0
<FED-FUNDS-SOLD> 0
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 513
<INVESTMENTS-CARRYING> 44,608
<INVESTMENTS-MARKET> 44,066
<LOANS> 72,517
<ALLOWANCE> 1,013
<TOTAL-ASSETS> 122,632
<DEPOSITS> 107,497
<SHORT-TERM> 993
<LIABILITIES-OTHER> 729
<LONG-TERM> 240
<COMMON> 1,500
0
0
<OTHER-SE> 11,673
<TOTAL-LIABILITIES-AND-EQUITY> 122,632
<INTEREST-LOAN> 1,540
<INTEREST-INVEST> 661
<INTEREST-OTHER> 10
<INTEREST-TOTAL> 2,211
<INTEREST-DEPOSIT> 771
<INTEREST-EXPENSE> 783
<INTEREST-INCOME-NET> 1,428
<LOAN-LOSSES> 15
<SECURITIES-GAINS> 0
<EXPENSE-OTHER> 995
<INCOME-PRETAX> 504
<INCOME-PRE-EXTRAORDINARY> 504
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 342
<EPS-PRIMARY> .50
<EPS-DILUTED> .50
<YIELD-ACTUAL> 5.01
<LOANS-NON> 9
<LOANS-PAST> 199
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 1,000
<CHARGE-OFFS> 12
<RECOVERIES> 10
<ALLOWANCE-CLOSE> 1,013
<ALLOWANCE-DOMESTIC> 1,013
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 100
</TABLE>
