U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10 - QSB/A
(Amendment number 1)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For Quarter Ended June 30, 1997
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Commission File Number 0-16587
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South Branch Valley Bancorp, Inc.
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(Exact name of small business issuer as
specified in its charter)
West Virginia 55-0672148
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(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
310 North Main Street
Moorefield, West Virginia 26836
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(Address of principal executive offices) (Zip Code)
(304) 538-2353
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(Issuer's telephone number, including area code)
Check whether the issuer: (1) has filed all reports required by Section 13 or
15(d) of the Exchange Act of 1934 during the past 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 --- -----
State the number of shares outstanding of each of the issuer's classes of common
stock, as of the latest practicable date.
412,827 common shares were outstanding as of August 11, 1997.
Transitional Small Business Disclosure Format (Check one):
Yes No X
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This report contains 4 pages.
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This 10-QSB/A is being filed solely for the purpose of amending the pro forma
book value disclosure resulting from the issuance of additional common stock as
described in note 5 to the condensed consolidated financial statements.
<PAGE>
Note 5. Stock Issuance and Related Party Transaction
On June 17, 1997, the Company issued and sold 34,317 shares of
common stock to seven directors of the Company in a limited stock
offering at $43.50 per share, the estimated current market value of
the Company's common stock as of the sale date. The proceeds from
the sale, $1,489,968, net of $2,822 in issuance costs, were used to
partially fund the Company's investment in Capital State common
stock.
The following represents certain unaudited proforma information as
if the issuance of common stock would have occurred as of January 1
of each period presented.
June 30, 1997
As Reported Proforma
Earnings per Share $1.86 $1.72
Book Value per Share $34.67 $34.67
June 30, 1996
As Reported Proforma
Earnings per Share $1.71 $1.57
Book Value per Share $29.85 $30.99
December 31, 1996
As Reported Proforma
Earnings per Share $3.94 $3.61
Book Value per Share $32.51 $33.42
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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.
South Branch Valley Bancorp, Inc.
(registrant)
By: /s/ H. Charles Maddy, III
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H. Charles Maddy, III, President and
Chief Financial Officer
By: /s/ Russell F. Ratliff, Jr.
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Russell F. Ratliff, Jr.
Treasurer
Date: October 6, 1997
