UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
Quarterly Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
For the quarterly period ended September 30, 1995
Commission File Number 0-18513
CENTER BANKS INCORPORATED
(Exact name of registrant as specified in its charter)
Delaware 16-1368745
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
33 E. Genesee St., Skaneateles, New York, 13152
(Address of principal executive offices-Zip code)
Registrant's telephone number, including area code 315-685-2265
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by sections 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 the number of shares outstanding for each of the issuer's classes of
common stock, as of the latest practicable date.
Class Outstanding at December 20, 1995
Common Stock (par value $.01 per share) 930,919 Shares
<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.
CENTER BANKS INCORPORATED
(Registrant)
By: /s/ John P. Driscoll Date: December 20, 1995
-----------------------------
John P. Driscoll
Chairman, President and Chief
Executive Officer
By: /s/ J. Daniel Mohr Date: December 20, 1995
-----------------------------
J. Daniel Mohr
Chief Financial Officer
and Treasurer
<PAGE>
INDEX TO EXHIBITS
Exhibit No.
27.1 Financial Data Schedule
<TABLE> <S> <C>
<ARTICLE> 9
<CURRENCY> U.S. DOLLARS
<CIK> 000829282
<NAME> CENTER BANKS INCORPORATED
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> SEP-30-1995
<EXCHANGE-RATE> 1
<CASH> 949
<INT-BEARING-DEPOSITS> 123
<FED-FUNDS-SOLD> 1,300
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 6,047
<INVESTMENTS-CARRYING> 18,552
<INVESTMENTS-MARKET> 18,900
<LOANS> 171,283
<ALLOWANCE> 3,004
<TOTAL-ASSETS> 206,892
<DEPOSITS> 177,540
<SHORT-TERM> 1,662
<LIABILITIES-OTHER> 440
<LONG-TERM> 12,740
<COMMON> 10
0
0
<OTHER-SE> 14,499
<TOTAL-LIABILITIES-AND-EQUITY> 206,892
<INTEREST-LOAN> 10,484
<INTEREST-INVEST> 1,232
<INTEREST-OTHER> 143
<INTEREST-TOTAL> 11,859
<INTEREST-DEPOSIT> 5,650
<INTEREST-EXPENSE> 6,385
<INTEREST-INCOME-NET> 5,474
<LOAN-LOSSES> 210
<SECURITIES-GAINS> (99)
<EXPENSE-OTHER> 4,704
<INCOME-PRETAX> 957
<INCOME-PRE-EXTRAORDINARY> 957
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 715
<EPS-PRIMARY> .77
<EPS-DILUTED> .77
<YIELD-ACTUAL> 8.08
<LOANS-NON> 1,925
<LOANS-PAST> 331
<LOANS-TROUBLED> 1,125
<LOANS-PROBLEM> 3,057
<ALLOWANCE-OPEN> 3,040
<CHARGE-OFFS> 353
<RECOVERIES> 107
<ALLOWANCE-CLOSE> 3,004
<ALLOWANCE-DOMESTIC> 3,004
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 1,171
</TABLE>
