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Previous: FUND AMERICAN ENTERPRISES HOLDINGS INC, 8-K, 1996-06-28 |
Next: NOBLE DRILLING CORP, 10-K/A, 1996-06-28 |
FORM 10-Q/A
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 1 TO
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1996
--------------
Commission File Number: 1-9047
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Independent Bank Corp.
---------------------
(Exact name of registrant as specified in its charter)
Massachusetts 04-2870273
------------- ----------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
288 Union Street, Rockland, Massachusetts 02370
-----------------------------------------------
(Address of principal executive offices, including zip code)
(617) 878-6100
---------------
(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 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 __
As of May 1, 1996 there were 14,547,489 shares of the issuer's common
stock outstanding.
<PAGE>
INDEPENDENT BANK CORP.
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.
INDEPENDENT BANK CORP.
----------------------
(registrant)
Date: June 28, 1996 /s/ John F. Spence, Jr.
------------------------
John F. Spence, Jr.
Chairman of the Board and
Chief Executive Officer
Date: June 28, 1996 /s/ Richard J. Seaman
----------------------
Richard J. Seaman
Chief Financial Officer
and Treasurer
<PAGE>
INDEPENDENT BANK CORP.
EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
- ------ -----------
27 Article 9 Financial Data Schedule
<TABLE> <S> <C>
<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM SEC 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-31-1996
<PERIOD-END> MAR-31-1996
<CASH> 40,968
<INT-BEARING-DEPOSITS> 296
<FED-FUNDS-SOLD> 0
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 30,748
<INVESTMENTS-CARRYING> 262,756
<INVESTMENTS-MARKET> 260,176
<LOANS> 646,758
<ALLOWANCE> (11,978)
<TOTAL-ASSETS> 998,851
<DEPOSITS> 830,976
<SHORT-TERM> 7,374
<LIABILITIES-OTHER> 16,276
<LONG-TERM> 70,133
0
0
<COMMON> 145
<OTHER-SE> 73,947
<TOTAL-LIABILITIES-AND-EQUITY> 998,851
<INTEREST-LOAN> 14,157
<INTEREST-INVEST> 4,324
<INTEREST-OTHER> 83
<INTEREST-TOTAL> 18,564
<INTEREST-DEPOSIT> 6,879
<INTEREST-EXPENSE> 7,699
<INTEREST-INCOME-NET> 10,865
<LOAN-LOSSES> 250
<SECURITIES-GAINS> 0
<EXPENSE-OTHER> 9,687
<INCOME-PRETAX> 4,071
<INCOME-PRE-EXTRAORDINARY> 4,071
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 2,577
<EPS-PRIMARY> 0.18
<EPS-DILUTED> 0.18
<YIELD-ACTUAL> 8.15
<LOANS-NON> 5,641
<LOANS-PAST> 6,197
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 12,088
<CHARGE-OFFS> (489)
<RECOVERIES> 129
<ALLOWANCE-CLOSE> 11,978
<ALLOWANCE-DOMESTIC> 11,978
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 0
</TABLE>
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