SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________
CORRECTED
FORM 10-Q
X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period Ended June 30, 1996
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Commission File Number: 0-25446
LCS BANCORP, INC.
(Exact name of registrant as specified in its charter)
Delaware 37-1337116
(State or other jurisdiction of (IRS Employer I.D.)
incorporation or organization)
501 North State, Litchfield, Illinois 62056
(Address of principal executive office) (Zip Code)
Registrant's telephone number, incl. area code (217) 324-2576
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, par value $0.01 per share
(Title of Class)
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 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
As of August 9, 1996, the Company had 107,640 shares of
$0.01 par value common stock issued and outstanding.
PART I - FINANCIAL INFORMATION
Item 1 - Financial Statements Page No.
Consolidated Statement of Financial Condition
as of June 30, 1996 and December 31, 1995 ........... 3
Consolidated Statement of Income for the Three Months
Ended June 30, 1996 and June 30, 1995; and the Six Months
Ended June 30, 1996 and June 30, 1995 ................ 4
Consolidated Statement of Stockholders' Equity for the
Six Months Ended June 30, 1996 and June 30, 1995 ....... 5
Consolidated Statement of Cash Flows for the Six Months
Ended June 30, 1996 and June 30, 1995 .................. 6
Notes to Consolidated Financial Statements ........... 7
Item 2 - Management's Discussion and Analysis of
Financial Condition and Results of Operations 13
PART II - OTHER INFORMATION
Item 1 - Legal Proceedings ............................ 20
Item 2 - Changes in Securities ....................... 20
Item 3 - Default upon Senior Securities .............. 20
Item 4 - Submission of Matters to a Vote of
Security-Holders ............................. 20
Item 5 - Other Information ............................ 20
Item 6 - Exhibits and Reports on Form 8-K ............. 20
Signature Page ........................................ 21
PART II - OTHER INFORMATION
Item 1. Legal Proceedings
The Holding Company and Bank are not engaged in any legal
proceedings of a material nature at the present time.
Item 2. Changes in Securities
Not applicable.
Item 3. Default upon Senior Securities
Not applicable.
Item 4. Submission of Matters to a Vote of Security-Holders
(a) Date of Meeting - April 9, 1996
(b) Election of Directors -
Wayne Brauer- Re-elected to a three year term
Herman Helgen- Re-elected to a three year term
Continuing in Office - Carol Radtke, Olind McPherson
Robert Parrish, Howard Hartke
(c) Other Matters Considered at Meeting: Ratification of
the appointment of Sikich, Gardner & Co., LLP., as LCS
Bancorp, Inc. independent auditors
Item 5. Other Information
None.
Item 6. Exhibits and Reports on Form 8-K
Exhibit 27 - Financial Data Schedule
SIGNATURES
Pursuant to the requirement 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.
LCS BANCORP, INC.
_s/Carol Radtke___________
Carol Radtke
President and Chief Executive
Officer
_s/Carol Radtke___________
Carol Radtke
Chief Financial Officer
Date: October 7, 1996 to submit 2 documents including Exh. 27
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INFORMATION FURNISHED FOR INTERIM PERIODS IS UNAUDITED.
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