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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 10-Q/A
Ammendment No. 1
(Mark One)
[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 1997
OR
[ ] 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 0-20187
MSB BANCORP, INC.
(Exact name of registrant as specified in its charter)
Delaware 06-1341670
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
35 Matthews Street, Goshen, New York 10924
(Address of principal executive offices)
(Zip Code)
(914) 294-8100
(Registrant's telephone number including area code)
N/A
(Former name, former address and former fiscal year,
if changed from 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 twelve 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 of each of the issuer's
classes of common stock as of the latest practicable date.
Outstanding at
Class June 30, 1997
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Common Stock, 2,844,153
par value $.01
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TABLE OF CONTENTS
PART I -- FINANCIAL INFORMATION
Item 1. Financial Statements
Consolidated Balance Sheets (Unaudited) -- June 30, 1997
and December 31, 1996..................................................3
Consolidated Statements of Income (Unaudited) -- Quarter and Six
Months ended June 30, 1997 and 1996....................................4
Consolidated Statements of Cash Flows (Unaudited) --Six Months
ended June 30, 1997 and 1996...........................................6
Notes to Unaudited Consolidated Financial Statements...................8
Item 2. Management's Discussion and Analysis of Financial Condition and
Results of Operations................................................ 12
Item 3. Quantitative and Qualitative Disclosures
about Market Risk.....................................................25
PART II -- OTHER INFORMATION
Item 1. Legal Proceedings ....................................................26
Item 2. Changes in Securities.................................................26
Item 3. Defaults upon Senior Securities.......................................26
Item 4. Submission of Matters to a Vote of Security Holders...................26
Item 5. Other Information.....................................................27
Item 6. Exhibits and Reports on Form 8-K......................................27
Signatures............................................................28
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Item 6. Exhibits and Reports on Form 8-K
(a) Exhibit 27--Financial Data Schedule*- This schedule
is being ammended to correct typographical errors.
* Submitted only with filing in electronic format.
-27-
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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.
MSB Bancorp, Inc.
(Registrant)
By: /s/ Anthony J. Fabiano
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Anthony J. Fabiano
Senior Vice President and Chief
Financial and Accounting Officer
August 13, 1997
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<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> JUN-30-1997
<CASH> 19,840
<INT-BEARING-DEPOSITS> 0
<FED-FUNDS-SOLD> 28,535
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 348,726
<INVESTMENTS-CARRYING> 0
<INVESTMENTS-MARKET> 0
<LOANS> 355,683
<ALLOWANCE> 2,238
<TOTAL-ASSETS> 813,902
<DEPOSITS> 720,741
<SHORT-TERM> 0
<LIABILITIES-OTHER> 20,280
<LONG-TERM> 280
0
6
<COMMON> 30
<OTHER-SE> 72,565
<TOTAL-LIABILITIES-AND-EQUITY> 813,902
<INTEREST-LOAN> 14,287
<INTEREST-INVEST> 12,066
<INTEREST-OTHER> 870
<INTEREST-TOTAL> 27,223
<INTEREST-DEPOSIT> 14,899
<INTEREST-EXPENSE> 14,915
<INTEREST-INCOME-NET> 12,308
<LOAN-LOSSES> 575
<SECURITIES-GAINS> 94
<EXPENSE-OTHER> 10,398
<INCOME-PRETAX> 3,375
<INCOME-PRE-EXTRAORDINARY> 3,375
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 2,042
<EPS-PRIMARY> 0.51
<EPS-DILUTED> 0.51
<YIELD-ACTUAL> 3.33
<LOANS-NON> 3,471
<LOANS-PAST> 0
<LOANS-TROUBLED> 608
<LOANS-PROBLEM> 2,916
<ALLOWANCE-OPEN> 1,960
<CHARGE-OFFS> 469
<RECOVERIES> 172
<ALLOWANCE-CLOSE> 2,238
<ALLOWANCE-DOMESTIC> 0
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<ALLOWANCE-UNALLOCATED> 2,238
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