SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
Quarterly Report under Section 13 or 15 (d)
of the Securities Exchange Act of 1934
For Quarter Ended March 31, 1995
Commission File Number 0-16329
First State Financial Services, Inc.
(Exact name of registrant as specified in its charter)
Delaware 22-2823506
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
1120 Bloomfield Avenue, CN 2449, West Caldwell,
New Jersey 07007-2449
(Address of principal executive offices)
(201) 575-5800
(Registrant's telephone number, including area code)
N/A
Former name, former address, and former fiscal year, if changed since
last report
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 report(s), and (2) has been
subject to such filing requirements for the past 90 days.
Yes X No
Indicate the number of shares outstanding of each of the issuer's class of
common stock at March 31, 1995:
3,849,062 shares of common stock, par value $.01.
<PAGE>
FIRST STATE FINANCIAL SERVICES, INC.
INDEX
Page
Number
PART I. FINANCIAL INFORMATION
Item 1. Consolidated Financial Statements (unaudited)
Consolidated Balance Sheets,
March 31, 1995 and
September 30, 1994 3
Consolidated Statements of Operations,
three and six months ended March 31,
1995 and 1994 4
Consolidated Statements of Cash Flows,
six months ended March 31,
1995 and 1994 5
Notes to Consolidated Financial
Statements 6
Item 2. Management's Discussion and Analysis
of Financial Condition and Results of
Operations 7
PART II. OTHER INFORMATION 21
<PAGE>
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.
First State Financial Services, Inc.
Dated: 06/30/95 By: Michael J. Quigley, III
Michael J. Quigley, III
Chairman, President and
Chief Executive Officer
Dated: 06/30/95 By: Emil J. Butchko
Emil J. Butchko
Vice President and Treasurer
<TABLE> <S> <C>
<ARTICLE> 9
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-END> MAR-31-1995
<CASH> 15,103
<INT-BEARING-DEPOSITS> 1,074
<FED-FUNDS-SOLD> 0
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 8,047
<INVESTMENTS-CARRYING> 43,561
<INVESTMENTS-MARKET> 42,198
<LOANS> 495,896
<ALLOWANCE> 5,609
<TOTAL-ASSETS> 603,846
<DEPOSITS> 542,562
<SHORT-TERM> 15,000
<LIABILITIES-OTHER> 4,199
<LONG-TERM> 2,331
<COMMON> 38
0
0
<OTHER-SE> 39,716
<TOTAL-LIABILITIES-AND-EQUITY> 603,846
<INTEREST-LOAN> 20,854
<INTEREST-INVEST> 1,727
<INTEREST-OTHER> 0
<INTEREST-TOTAL> 22,581
<INTEREST-DEPOSIT> 9,297
<INTEREST-EXPENSE> 9,819
<INTEREST-INCOME-NET> 12,762
<LOAN-LOSSES> 500
<SECURITIES-GAINS> (155)
<EXPENSE-OTHER> 1,549
<INCOME-PRETAX> 2,964
<INCOME-PRE-EXTRAORDINARY> 1,949
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,949
<EPS-PRIMARY> .51
<EPS-DILUTED> .51
<YIELD-ACTUAL> 8.22
<LOANS-NON> 11,816
<LOANS-PAST> 0
<LOANS-TROUBLED> 3,960
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 6,351
<CHARGE-OFFS> 1,282
<RECOVERIES> 40
<ALLOWANCE-CLOSE> 5,609
<ALLOWANCE-DOMESTIC> 722
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 4,887
</TABLE>
