RARITAN BANCORP INC
10-Q/A, 1997-11-12
NATIONAL COMMERCIAL BANKS
Previous: AMERALIA INC, 10-Q, 1997-11-12
Next: HIGHMARK FUNDS /MA/, 497, 1997-11-12




                          United States
               Securities and Exchange Commission
                     Washington, D.C.  20549

                       Amendment No. 1 To
                            Form 10-Q

        Quarterly Report Pursuant to Section 13 or 15(d)
             of the Securities Exchange Act of 1934

             For the Period Ended September 30,1997

                 Commission File Number: 0-15830

                      Raritan Bancorp Inc.
     (exact name of registrant as specified in its charter)


        Delaware                           22-2792402
 (State of Incorporation)       (I.R.S. Employer Identification
                                             Number)

  9 West Somerset Street, Raritan, New Jersey      08869
   (address of principal executive offices)      (zip code)

                          908-725-0080
      (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 period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements
for the past 90 days.

                                   /X/ Yes   / / No

              Applicable only to corporate issuers:

     As of October 24, 1997, 2,372,226 common shares, $.01 par
value per share were outstanding.

<PAGE>

                           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.


                                                                  
                           RARITAN BANCORP INC.
                               (Registrant)

Date:  November 10, 1997   By: /s/ Arlyn D. Rus
                               ----------------------------------
                               Arlyn D. Rus
                               Chairman, President and
                               Chief Executive Officer
                               Director

Date: November 10, 1997    By: /s/ Thomas F. Tansey
                               ----------------------------------
                               Thomas F. Tansey
                               Executive Vice President
                               Chief Operating Officer &
                               Treasurer
                               Director

<PAGE>



<TABLE> <S> <C>


<ARTICLE>                9
<MULTIPLIER>             1000
       
<CAPTION>
<S> <C>
<PERIOD-TYPE>                          9-MOS
<FISCAL-YEAR-END>                      DEC-31-1997
<PERIOD-END>                           SEP-30-1997
<CASH>                                 7149
<INT-BEARING-DEPOSITS>                 313314
<FED-FUNDS-SOLD>                       25100
<TRADING-ASSETS>                       0
<INVESTMENTS-HELD-FOR-SALE>            52303
<INVESTMENTS-CARRYING>                 45290
<INVESTMENTS-MARKET>                   44877
<LOANS>                                261978
<ALLOWANCE>                            3310
<TOTAL-ASSETS>                         407262
<DEPOSITS>                             335910
<SHORT-TERM>                           20051
<LIABILITIES-OTHER>                    6253
<LONG-TERM>                            15052
<COMMON>                               26
                  0
                            0
<OTHER-SE>                             29970
<TOTAL-LIABILITIES-AND-EQUITY>         407262
<INTEREST-LOAN>                        15378
<INTEREST-INVEST>                      4148
<INTEREST-OTHER>                       810
<INTEREST-TOTAL>                       20336
<INTEREST-DEPOSIT>                     10087
<INTEREST-EXPENSE>                     10508
<INTEREST-INCOME-NET>                  9828
<LOAN-LOSSES>                          450
<SECURITIES-GAINS>                     90
<EXPENSE-OTHER>                        5560
<INCOME-PRETAX>                        4625
<INCOME-PRE-EXTRAORDINARY>             4625
<EXTRAORDINARY>                        0
<CHANGES>                              0
<NET-INCOME>                           2919
<EPS-PRIMARY>                          1.16
<EPS-DILUTED>                          1.15
<YIELD-ACTUAL>                         3.21
<LOANS-NON>                            1543
<LOANS-PAST>                           0
<LOANS-TROUBLED>                       0
<LOANS-PROBLEM>                        0
<ALLOWANCE-OPEN>                       2965
<CHARGE-OFFS>                          255
<RECOVERIES>                           150
<ALLOWANCE-CLOSE>                      3310
<ALLOWANCE-DOMESTIC>                   3310
<ALLOWANCE-FOREIGN>                    0
<ALLOWANCE-UNALLOCATED>                0
        

</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission