AMENDMENT NO. 1
to
FORM 10-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the Fiscal Year Ended December 31, 1997 Commission File No. 0-15423
__________________
SOUTH ALABAMA BANCORPORATION, INC.
(Exact name of registrant as specified in its charter)
Alabama 63-0909434
(State of Incorporation) (IRS Employer Identification No.)
100 Saint Joseph Street
P. O. Box 3067
Mobile, Alabama 36652 334-431-7800
(Address of principal executive office) (Telephone Number)
Securities registered pursuant to Section 12(b) of the Act:
NONE
Securities registered pursuant to Section 12(g) of the Act:
COMMON STOCK $.01 PAR
(Title of Class)
____________________
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.
Yes X No
Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to
the best of registrant's knowledge, in the definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this form 10-K. [ ]
Aggregate market value of the Common Stock ($.01 Par) held by nonaffiliates of
the registrant as of September 4, 1998 (assuming that all officers,
directors and 5% shareholders are affiliates): $83,569,377.50
Shares of Common Stock ($.01 Par) outstanding at September 4, 1998: 6,525,709
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the Annual Report to Shareholders for the year ended December 31,
1997 are incorporated by reference into Parts I and II and portions of the
Proxy Statement for the 1998 annual meeting are incorporated by reference
into Part III.
_____________________________________________________________________________
Registrant's annual report on Form 10-K for the year ended December 31,
1997 is hereby supplemented and amended as follows:
1. The following is hereby added:
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
The information required by this item is included on pages 13
and 14 of Management's Discussion and Analysis of Financial Conditions
and Results of Operations, which is incorporated herein pursuant to
Item 7, above.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
SOUTH ALABAMA BANCORPORATION, INC.
By: /s/ F. Michael Johnson
F. Michael Johnson
Chief Financial Officer
and Secretary
Dated: September 17, 1998
