SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB/A
[X]QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934.
For the quarterly period ended September 30, 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 33-60230
Albion Banc Corp.
(Exact name of registrant as specified in its charter)
Delaware 16-1435160
(State or other jurisdiction (IRS Employer
of incorporation or organization Identification No.)
48 North Main Street, Albion, New York 14411-0396
(Address of principal executive offices) (Zip Code)
(716) 589-5501
(Registrants telephone number, including area code)
(Former name, former address and former fiscal year, if changed since last
report.)
Indicate by check mark whether the registrant (1) has filed all reports 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
APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the issuer's classes
of common stock, as of the latest practicable date.
Class Outstanding as of November 1,1996
Common Stock, $.01 par value 263,086 shares
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 therunto duly authorized.
Albion Banc Corp.
(Registrant)
Dated: November 1, 1996 \s\Jeff S Rheinwald
Jeffrey S. Rheinwald
President and C.E.O.
Dated: November 1, 1996 \s\Mark F. Reed
Mark F. Reed
Vice President/C.F.O.
<TABLE> <S> <C>
<ARTICLE> 9
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> SEP-30-1996
<CASH> 165,045
<INT-BEARING-DEPOSITS> 45,818,531
<FED-FUNDS-SOLD> 3,000,000
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 3,855,122
<INVESTMENTS-CARRYING> 6,533,399
<INVESTMENTS-MARKET> 6,673,932
<LOANS> 47,278,779
<ALLOWANCE> 309,224
<TOTAL-ASSETS> 59,860,076
<DEPOSITS> 47,104,456
<SHORT-TERM> 0
<LIABILITIES-OTHER> 298,246
<LONG-TERM> 6,281,637
0
0
<COMMON> 2,631
<OTHER-SE> 6,063,733
<TOTAL-LIABILITIES-AND-EQUITY> 59,860,076
<INTEREST-LOAN> 2,903,686
<INTEREST-INVEST> 348,727
<INTEREST-OTHER> 33,211
<INTEREST-TOTAL> 3,285,624
<INTEREST-DEPOSIT> 1,612,305
<INTEREST-EXPENSE> 1,754,616
<INTEREST-INCOME-NET> 1,531,008
<LOAN-LOSSES> 94,764
<SECURITIES-GAINS> 0
<EXPENSE-OTHER> 1,775,235
<INCOME-PRETAX> (138,938)
<INCOME-PRE-EXTRAORDINARY> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (75,738)
<EPS-PRIMARY> (.30)
<EPS-DILUTED> (.30)
<YIELD-ACTUAL> 3.71
<LOANS-NON> 111,000
<LOANS-PAST> 0
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 244,100
<CHARGE-OFFS> 29,640
<RECOVERIES> 0
<ALLOWANCE-CLOSE> 309,224
<ALLOWANCE-DOMESTIC> 309,224
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 0
</TABLE>
