PINNACLE FINANCIAL SERVICES INC
10-Q/A, 1996-07-09
STATE COMMERCIAL BANKS
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<PAGE>

                                  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 quarter ended March 31, 1996             Commission file number #0-17937


                        PINNACLE FINANCIAL SERVICES, INC.
             (Exact name of registrant as specified in its charter)


       Michigan                                           38-2671129
(State of Incorporation)                    (I.R.S. Employer Identification No.)

830 Pleasant Street, St. Joseph, Michigan                    49085
(Address of principal executive offices)                   (Zip Code)

       Registrant's telephone number, including area code: (616) 983-6311

           Securities registered pursuant to Section 12(g) of the Act:


            COMMON STOCK, NO PAR VALUE, 10,000,000 SHARES AUTHORIZED


Indicate by check mark whether the registrant (1) has filed all reports required
to be by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period than registrant was required to
file such reports), and (2) has been subject to such filing requirements for the
past 90 days.    Yes   x   No 
                      ---     ---

The number of common shares, no par value, outstanding as of  March 31, 1996 was
5,873,358.


                                  Page 1 of 16

<PAGE>

                           PART II.  OTHER INFORMATION

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

         (a)  Exhibit  1 - 1996 First Quarter Report to Shareholders
              Exhibit  2 - 1995 Annual Report to Shareholders
              Exhibit  3 - 1996 Proxy Statement
              Exhibit 27 - Financial Data Schedule

         (b)  Form 8-K - None



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. 

                                        PINNACLE FINANCIAL SERVICES, INC.

DATE:      July 9, 1996                 /s/ David W. Kolhagen
                                        ----------------------------------------
                                        David W. Kolhagen
                                        Vice President, Chief Financial Officer


                                        /s/ John A. Newcomer
                                        ----------------------------------------
                                        John A. Newcomer
                                        Corporate Affairs Officer


                                  Page 16 of 16
 

<TABLE> <S> <C>

<PAGE>
<ARTICLE> 9
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                          23,229
<INT-BEARING-DEPOSITS>                             423
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    332,826
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                        543,142
<ALLOWANCE>                                      5,803
<TOTAL-ASSETS>                                 935,471
<DEPOSITS>                                     716,659
<SHORT-TERM>                                    96,348
<LIABILITIES-OTHER>                              6,566
<LONG-TERM>                                     42,400
                                0
                                          0
<COMMON>                                        19,110
<OTHER-SE>                                      54,388
<TOTAL-LIABILITIES-AND-EQUITY>                 935,471
<INTEREST-LOAN>                                 11,621
<INTEREST-INVEST>                                5,031
<INTEREST-OTHER>                                   506
<INTEREST-TOTAL>                                17,158
<INTEREST-DEPOSIT>                               7,399
<INTEREST-EXPENSE>                               9,289
<INTEREST-INCOME-NET>                            7,869
<LOAN-LOSSES>                                       80
<SECURITIES-GAINS>                                 234
<EXPENSE-OTHER>                                  5,751
<INCOME-PRETAX>                                  3,622
<INCOME-PRE-EXTRAORDINARY>                       3,622
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     2,444
<EPS-PRIMARY>                                     0.42
<EPS-DILUTED>                                     0.42
<YIELD-ACTUAL>                                    3.68
<LOANS-NON>                                      3,392
<LOANS-PAST>                                     1,083
<LOANS-TROUBLED>                                   232
<LOANS-PROBLEM>                                  9,769
<ALLOWANCE-OPEN>                                 5,852
<CHARGE-OFFS>                                      221
<RECOVERIES>                                        92
<ALLOWANCE-CLOSE>                                5,723
<ALLOWANCE-DOMESTIC>                                80
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
        

</TABLE>


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