FORM 10-QSB/A-1
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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, 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: 0-21500
KSB BANCORP, INC.
Delaware 04-3189069
(State or other jurisdiction of (IRS Employer ID No.)
incorporation or organization)
Main Street
Kingfield, ME 04947
(Address of Principal Executive Office)
Registrant's telephone number, including area code: 207-265-2181.
Check whether the issuer (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
APPLICABLE ONLY TO CORPORATE ISSUERS: Indicate the number of shares
outstanding for the issuer's classes of common stock as of the latest
practicable date.
Common Stock 373,750
(Class) (Outstanding)
<PAGE>
SIGNATURE PAGE
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.
KSB BANCORP, INC.
Dated: May 15, 1996 By:
John E. Thien, Chief Financial
Officer and duly Authorized Officer
of the Registrant
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 9
<LEGEND>
This schedule contains summary financial information extracted from March 31,
1996 financial statements and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<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> 2823
<INT-BEARING-DEPOSITS> 0
<FED-FUNDS-SOLD> 0
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 8139
<INVESTMENTS-CARRYING> 23545
<INVESTMENTS-MARKET> 23577
<LOANS> 84902
<ALLOWANCE> 903
<TOTAL-ASSETS> 127372
<DEPOSITS> 105567
<SHORT-TERM> 8515
<LIABILITIES-OTHER> 1110
<LONG-TERM> 3453
0
0
<COMMON> 4
<OTHER-SE> 8723
<TOTAL-LIABILITIES-AND-EQUITY> 127372
<INTEREST-LOAN> 2033
<INTEREST-INVEST> 520
<INTEREST-OTHER> 0
<INTEREST-TOTAL> 2553
<INTEREST-DEPOSIT> 1101
<INTEREST-EXPENSE> 1265
<INTEREST-INCOME-NET> 1288
<LOAN-LOSSES> 60
<SECURITIES-GAINS> 0
<EXPENSE-OTHER> 1109
<INCOME-PRETAX> 408
<INCOME-PRE-EXTRAORDINARY> 408
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 282
<EPS-PRIMARY> 0.8
<EPS-DILUTED> 0.8
<YIELD-ACTUAL> 4.31
<LOANS-NON> 2145
<LOANS-PAST> 18
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 867
<CHARGE-OFFS> 24
<RECOVERIES> 0
<ALLOWANCE-CLOSE> 903
<ALLOWANCE-DOMESTIC> 903
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 0
</TABLE>
