U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
(Mark One)
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 under Section 13 or 15 (d) of the Exchange Act
For the transition period from _____________ to ______________
Commission file number 0-2456
CARNEGIE BANCORP
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(Exact name of small business issuer as specified in its charter)
New Jersey 22-3257100
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
619 Alexander Road, Princeton, New Jersey 08540
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(Address of principal executive offices)
(609) 520-0601
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(Registrant's telephone number, including area code)
Not Applicable
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(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 required
to be filed by Sections 13 or 15 (d) of the Securities Exchange Act of 1934
during the preceeding 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 of each of the issuer's classes of
common equity, as of the latest practicable date.
Common Stock, No Par - 1,845,026 shares outstanding as of November 1, 1996
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
CARNEGIE BANCORP
----------------
(Registrant)
Date: December 27, 1996 By: RICHARD P. ROSA
--------------------------------
Senior Vice President
and Chief Financial Officer
<TABLE> <S> <C>
<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED CONDENSED BALANCE SHEET AT SEPTEMBER 30, 1996 (UNAUDITED), CONSOLIDATED
CONDENSED STATEMENT OF INCOME FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1996 (UNAUDITED)
AND THE NOTES TO THE CONSOLIDATED CONDENSED FINANCIAL STATEMENTS AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> SEP-30-1996
<CASH> 16,242
<INT-BEARING-DEPOSITS> 0
<FED-FUNDS-SOLD> 5,525
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 30,027
<INVESTMENTS-CARRYING> 23,655
<INVESTMENTS-MARKET> 23,308
<LOANS> 243,645
<ALLOWANCE> 2,492
<TOTAL-ASSETS> 325,454
<DEPOSITS> 257,949
<SHORT-TERM> 30,000
<LIABILITIES-OTHER> 1,163
<LONG-TERM> 14,425
0
0
<COMMON> 9,220
<OTHER-SE> 12,697
<TOTAL-LIABILITIES-AND-EQUITY> 325,454
<INTEREST-LOAN> 13,977
<INTEREST-INVEST> 3,187
<INTEREST-OTHER> 39
<INTEREST-TOTAL> 17,203
<INTEREST-DEPOSIT> 6,118
<INTEREST-EXPENSE> 7,464
<INTEREST-INCOME-NET> 9,739
<LOAN-LOSSES> 1,161
<SECURITIES-GAINS> 305
<EXPENSE-OTHER> 7,348
<INCOME-PRETAX> 2,393
<INCOME-PRE-EXTRAORDINARY> 1,588
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,588
<EPS-PRIMARY> 0.80
<EPS-DILUTED> 0.79
<YIELD-ACTUAL> 0.09
<LOANS-NON> 3,058
<LOANS-PAST> 435
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 1,754
<CHARGE-OFFS> 429
<RECOVERIES> 6
<ALLOWANCE-CLOSE> 2,492
<ALLOWANCE-DOMESTIC> 2,420
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 72
</TABLE>
