FCFT INC
10-Q/A, 1996-07-25
STATE COMMERCIAL BANKS
Previous: CALDOR CORP, 8-K, 1996-07-25
Next: AVX CORP /DE, 10-Q, 1996-07-25



SECURITIES AND EXCHANGE COMMISSION
450 FIFTH STREET
WASHINGTON, D.C. 20549
FORM 10-Q AMENDMENT
(MARK ONE)
X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934

FOR THE QUARTERLY PERIOD ENDED:       MARCH 31, 1996

_TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
ACT OF 1934

FOR THE TRANSITION PERIOD FROM:    __________ TO __________________

COMMISSION FILE NUMBER: 0-19297

		FCFT, INC.
	(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

	DELAWARE				55-0694814
(STATE OR OTHER JURISDICTION OF		(I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION)		IDENTIFICATION NO.)

	1001 MERCER STREET, PRINCETON, WEST VIRGINIA, 24740
	(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)      (ZIP CODE)


	(304) 487-9000
	(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)


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 THE NUMBER OF SHARE OUTSTANDING OF EACH OF THE ISSUER'S CLASSES OF
COMMON STOCK, AS OF THE LATEST PRACTICABLE DATE.


CLASS					OUTSTANDING AT APRIL 30, 1996
COMMON STOCK, $5 PAR VALUE	                   4,215,239
<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.

FCFT, INC.



DATE:  JULY 25, 1996

______________________________________________________
	JAMES L. HARRISON, SR.
	PRESIDENT & CHIEF EXECUTIVE OFFICER
	(DULY AUTHORIZED OFFICER)




DATE:  JULY 25, 1996

______________________________________________________
	JOHN M. MENDEZ
	VICE PRESIDENT & CHIEF FINANCIAL OFFICER
	(PRINCIPAL ACCOUNTING OFFICER)


<TABLE> <S> <C>

<ARTICLE> 9
<MULTIPLIER> 1000
       
<S>	<C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> MAR-31-1996
<CASH>	22,632
<INT-BEARING-DEPOSITS>	103
<FED-FUNDS-SOLD>	0
<TRADING-ASSETS>	0
<INVESTMENTS-HELD-FOR-SALE>	109,978
<INVESTMENTS-CARRYING>	109950
<INVESTMENTS-MARKET>	115,287
<LOANS>	472,352
<ALLOWANCE>	8,194
<TOTAL-ASSETS>	737,416
<DEPOSITS>	574,402
<SHORT-TERM>	57,440
<LIABILITIES-OTHER>	12,247
<LONG-TERM>	15,000
	0
	0
<COMMON>	21,706
<OTHER-SE>	56,621
<TOTAL-LIABILITIES-AND-EQUITY> 737,416
<INTEREST-LOAN>	11,070
<INTEREST-INVEST>	3,381
<INTEREST-OTHER>	56
<INTEREST-TOTAL>	14,507
<INTEREST-DEPOSIT>	5,141
<INTEREST-EXPENSE>	5,903
<INTEREST-INCOME-NET>	8,604
<LOAN-LOSSES>	448
<SECURITIES-GAINS>	(165)
<EXPENSE-OTHER>	5,091
<INCOME-PRETAX>	4,589
<INCOME-PRE-EXTRAORDINARY>	4,589
<EXTRAORDINARY>	0
<CHANGES>	0
<NET-INCOME>	3,258
<EPS-PRIMARY>	.77
<EPS-DILUTED>	.77
<YIELD-ACTUAL> 5.44
<LOANS-NON> 4,496
<LOANS-PAST> 1,504
<LOANS-TROUBLED> 436
<LOANS-PROBLEM> 6,000
<ALLOWANCE-OPEN> 8,038
<CHARGE-OFFS> 363
<RECOVERIES> 71
<ALLOWANCE-CLOSE> 8,194
<ALLOWANCE-DOMESTIC> 2,286
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 5,908
        



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission