SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-1004
FORM 10-K
[X] Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934 [Fee Required]
For the fiscal year ended December 31, 1996.
[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934 [No Fee required]
For the transition period from _______ to _______.
Commission file number 33-66014
FNB FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
COMMONWEALTH OF PENNSYLVANIA 23-2466821
(State or other jurisdiction of incorporation (I.R.S. Employer
or organization) Identification
No.)
101 Lincoln Way West, McConnellsburg, PA 17233
(Address of
principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 717-485-3123
Securities Registered Pursuant to Section 12(b) of the Act: None
Securities Registered Pursuant to Section 12(g) of the Act: None
Indicate the number of shares outstanding of each of the registrant's classes of
common stock, as of the
latest practicable date.
Class Outstanding as of March 15, 1997
Common Stock, $0.63 Par Value 400,000
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 (
229.405 of this chapter) is not contained herein, and will not be contained, to
the best of registrant's
knowledge, in definitive proxy or information statements incorporated by
reference in Part III of this
Form 10-K or any amendment to this Form 10-K [ ].
- -1-
The aggregate market value of the voting stock held by non-affiliates of the
registrants as of March 15,
1997:
Common Stock, $0.63 Par Value - $18,000,000.00
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the annual shareholders report for the year ended December 31,
1996 are
incorporated by reference into Parts I, II and IV.
Portions of the proxy statement for the annual shareholders meeting to be held
April 29, 1997 are incorporated by reference into Part III.
Portions of Form SB-2 Registration Statement No. 33-66014 as filed with the
Securities and Exchange Commission on September 8, 1993 are incorporated by
reference into Part IV.
- -2-
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.
FNB FINANCIAL CORPORATION
(Registrant)
John C. Duffey Date
Director and Vice President
of the Corporation
President & CEO of the Bank
(Principal Executive Officer)
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed
below by the following persons on behalf of the registrant and in the
capacities and on the dates
indicated.
H. Lyle Duffey Date Henry W. Daniels Date
Director, Chairman Director, Vice Chairman
John C. Duffey Date Harry D. Johnston, D. O. Date
Director, President Director, Vice President
George S. Grissinger Date Patricia A. Carbaugh Date
Director, Secretary Director
Harvey J. Culler Date Paul C. Mellott, Sr. Date
Director Director
- -3-
Paul T. Ott Date D. A. Washabaugh, III Date
Director Director
Daniel E. Waltz Date
Director, Treasurer
(Principal Financial and
Accounting Officer)
- -4-
<TABLE> <S> <C>
<ARTICLE> 9
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<CASH> 2,473
<INT-BEARING-DEPOSITS> 327
<FED-FUNDS-SOLD> 1,239
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 28,871
<INVESTMENTS-CARRYING> 4,560
<INVESTMENTS-MARKET> 5,403
<LOANS> 56,665
<ALLOWANCE> 405
<TOTAL-ASSETS> 98,644
<DEPOSITS> 87,134
<SHORT-TERM> 0
<LIABILITIES-OTHER> 808
<LONG-TERM> 0
0
0
<COMMON> 252
<OTHER-SE> 10,450
<TOTAL-LIABILITIES-AND-EQUITY> 98,644
<INTEREST-LOAN> 4,850
<INTEREST-INVEST> 1,908
<INTEREST-OTHER> 207
<INTEREST-TOTAL> 6,965
<INTEREST-DEPOSIT> 3,694
<INTEREST-EXPENSE> 3,694
<INTEREST-INCOME-NET> 3,271
<LOAN-LOSSES> 95
<SECURITIES-GAINS> (4)
<EXPENSE-OTHER> 2,270
<INCOME-PRETAX> 1,175
<INCOME-PRE-EXTRAORDINARY> 1,175
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 957
<EPS-PRIMARY> 2.39
<EPS-DILUTED> 2.39
<YIELD-ACTUAL> 3.65
<LOANS-NON> 974
<LOANS-PAST> 33
<LOANS-TROUBLED> 5
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 405
<CHARGE-OFFS> 108
<RECOVERIES> 13
<ALLOWANCE-CLOSE> 405
<ALLOWANCE-DOMESTIC> 405
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 0
</TABLE>
