|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: WESTERN SOUTHERN LIFE ASSURANCE CO SEPARATE ACCOUNT 1, 24F-2NT, 1998-03-31 |
Next: ANCOR COMMUNICATIONS INC /MN/, 10-K405, 1998-03-31 |
<PAGE>
UNITED STATES
SECURITY AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB/A-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 December 31, 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: 0-24036
-----------------------
Horizon Financial Services Corporation
- -------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware
- -------------------------------------------------------------------------------
(State or other jurisdiction of incorporation or organization)
42-1419757
- -------------------------------------------------------------------------------
(I.R.S. Employer Identification No.)
301 First Avenue East, Oskaloosa, Iowa 52577
- -------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(515)673-8328
- -------------------------------------------------------------------------------
(Registrant's 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 required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for 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
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
Common Stock 853,060
------------ ------------------------
Class Shares Outstanding
as of February 13, 1998
Transitional Small Business Disclosure Format (check one):
Yes : No X
------ --------
<PAGE>
SIGNATURES
Pursuant to the requirement 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.
HORIZON FINANCIAL SERVICES CORPORATION
Registrant
Date: March 30, 1998 /s/ Robert W. DeCook
-------------- -------------------
Robert W. DeCook
President and Chief Executive Officer
Date: March 30, 1998 /s/ Sharon McCrea
-------------- ------------------------------------------
Sharon McCrea
Vice President and Chief Financial Officer
1
<PAGE>
INDEX OF EXHIBITS
Exhibit Page
27. Financial Data Schedule 3
2
<TABLE> <S> <C>
<ARTICLE> 9
<LEGEND>
HORIZON FINANCIAL SERVICES CORPORATION
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED FINANCIAL STATEMENTS OF HORIZON FINANCIAL SERVICES CORPORATION FOR
THE PERIODS ENDED SEPTEMBER 30, 1997, JUNE 30, 1997, MARCH 31, 1997, DECEMBER
31, 1996 AND SEPTEMBER 30, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
(In thousands, except per share amounts)
</LEGEND>
<S> <C> <C> <C> <C> <C>
<PERIOD-TYPE> 3-MOS 12-MOS 9-MOS 6-MOS 3-MOS
<FISCAL-YEAR-END> JUN-30-1998 JUN-30-1997 JUN-30-1997 JUN-30-1997 JUN-30-1997
<PERIOD-END> SEP-30-1997 JUN-30-1997 MAR-31-1997 DEC-31-1996 SEP-30-1996
<CASH> 7,876 5,621 4,779 2,319 3,784
<INT-BEARING-DEPOSITS> 0 0 0 0 0
<FED-FUNDS-SOLD> 0 0 0 0 0
<TRADING-ASSETS> 0 0 0 0 0
<INVESTMENTS-HELD-FOR-SALE> 22,240 24,942 18,724 17,632 19,283
<INVESTMENTS-CARRYING> 0 0 0 0 0
<INVESTMENTS-MARKET> 0 0 0 0 0
<LOANS> 54,520 52,193 51,923 51,222 50,577
<ALLOWANCE> 366 348 293 294 387
<TOTAL-ASSETS> 87,784 85,969 78,368 74,043 76,652
<DEPOSITS> 56,285 57,641 56,434 55,440 55,210
<SHORT-TERM> 22,086 19,102 13,117 10,132 12,647
<LIABILITIES-OTHER> 676 814 593 379 568
<LONG-TERM> 0 0 0 0 0
<COMMON> 5 5 5 5 5
0 0 0 0 0
0 0 0 0 0
<OTHER-SE> 8,222 8,407 8,219 8,087 8,222
<TOTAL-LIABILITIES-AND-EQUITY> 87,784 85,969 78,368 74,043 76,652
<INTEREST-LOAN> 1,154 4,408 3,279 2,165 1,074
<INTEREST-INVEST> 424 1,332 955 645 343
<INTEREST-OTHER> 57 155 92 51 16
<INTEREST-TOTAL> 1,635 5,895 4,326 2,861 1,433
<INTEREST-DEPOSIT> 667 2,682 1,985 1,325 646
<INTEREST-EXPENSE> 970 3,402 2,783 1,642 808
<INTEREST-INCOME-NET> 665 2,493 1,853 1,219 625
<LOAN-LOSSES> 28 252 119 107 95
<SECURITIES-GAINS> 108 81 65 58 0
<EXPENSE-OTHER> 498 2,255 1,782 1,304 823
<INCOME-PRETAX> 379 424 287 48 (203)
<INCOME-PRE-EXTRAORDINARY> 379 424 287 251 (203)
<EXTRAORDINARY> 0 0 0 0 0
<CHANGES> 0 0 0 0 0
<NET-INCOME> 247 278 180 30 (127)
<EPS-PRIMARY> 0.30 0.34 0.22 0.04 (.15)
<EPS-DILUTED> 0.29 0.33 0.21 0.04 (.15)
<YIELD-ACTUAL> 7.99 8.06 8.10 8.15 8.10
<LOANS-NON> 493 469 443 662 516
<LOANS-PAST> 206 220 0 0 0
<LOANS-TROUBLED> 0 0 157 143 0
<LOANS-PROBLEM> 294 402 397 536 592
<ALLOWANCE-OPEN> 348 318 318 318 318
<CHARGE-OFFS> 10 227 146 133 26
<RECOVERIES> 0 5 2 2 0
<ALLOWANCE-CLOSE> 366 348 293 294 387
<ALLOWANCE-DOMESTIC> 366 330 293 294 387
<ALLOWANCE-FOREIGN> 0 0 0 0 0
<ALLOWANCE-UNALLOCATED> 11 18 50 16 33
</TABLE>
|
|