SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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 Commission File Number
December 31, 1995 34-0-18162
PEOPLE'S SAVINGS FINANCIAL CORP.
(Exact name of registrant as specified in its charter)
Connecticut 06-1259026
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
123 Broad Street, New Britain, Connecticut 06053
(Address of principal executive offices) (Zip code)
(Registrant's telephone number, including area code): (203) 224-7771
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, par value $1.00 per share
(Title of class)
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.
X Yes No
Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K 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 amendments to this Form 10-K [ ]
Page 1 of 30 pages
The Exhibit Index is found at page 25.
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.
PEOPLE'S SAVINGS FINANCIAL CORP.
By /s/ Richard S. Mansfield
Richard S. Mansfield
President and Chief 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.
Signature
/s/ Richard S. Mansfield President and Chief March 19, 1996
Executive Officer
(Principal Executive
Officer
/s/ John G. Medvec Executive Vice March 19, 1996
President and
Treasurer (Principal
Financial Officer and
Principal Accouting
Officer)
* Director March 19, 1996
Joseph A. Welna
* Director March 19, 1996
Robert A. Gryboski
* Director March 19, 1996
Walter J. Liss
* Director March 19, 1996
Robert A. Story
* Director March 19, 1996
Walter D. Blogoslawski
* Director March 19, 1996
Stanley P. Filewicz
<TABLE> <S> <C>
<ARTICLE> 9
<LEGEND>
This schedule contains summary financial information extracted from the
registrant's December 31, 1995 audited balance sheet, income statement and cash
flow statement, and notes thereto, and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<CASH> 6,816,00
<INT-BEARING-DEPOSITS> 0
<FED-FUNDS-SOLD> 21,346,000
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 93,771,000
<INVESTMENTS-CARRYING> 38,461,000
<INVESTMENTS-MARKET> 38,259,000
<LOANS> 238,857,000
<ALLOWANCE> 1,578,000
<TOTAL-ASSETS> 410,164,000
<DEPOSITS> 339,365,000
<SHORT-TERM> 18,950,000
<LIABILITIES-OTHER> 7,136,000
<LONG-TERM> 0
0
0
<COMMON> 2,512,000
<OTHER-SE> 42,201,000
<TOTAL-LIABILITIES-AND-EQUITY> 410,164,000
<INTEREST-LOAN> 18,298,000
<INTEREST-INVEST> 8,590,000
<INTEREST-OTHER> 634,000
<INTEREST-TOTAL> 27,522,000
<INTEREST-DEPOSIT> 13,230,000
<INTEREST-EXPENSE> 14,483,000
<INTEREST-INCOME-NET> 13,039,000
<LOAN-LOSSES> 101,000
<SECURITIES-GAINS> (170,000)
<EXPENSE-OTHER> 9,608,000
<INCOME-PRETAX> 5,573,000
<INCOME-PRE-EXTRAORDINARY> 5,573,000
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 3,389,000
<EPS-PRIMARY> 1.71
<EPS-DILUTED> 1.71
<YIELD-ACTUAL> 3.41
<LOANS-NON> 721,000
<LOANS-PAST> 0
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 1,791,000
<CHARGE-OFFS> 356,000
<RECOVERIES> 42,000
<ALLOWANCE-CLOSE> 1,578,000
<ALLOWANCE-DOMESTIC> 1,228,000
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 350,000
</TABLE>
