FC BANC CORP. AND SUBSIDIARY
FC BANC CORP. AND SUBSIDIARY
BUCYRUS, OHIO
CONSOLIDATED BALANCE SHEETS
________________________________________________________________________________________________
(Dollars in thousands)
December 31,
1996 1995
____ ____
ASSETS
Cash and cash equivalents
Cash and amounts due from depository institutions $ 3,957 $ 5,329
Federal funds sold 1,100 4,200
_______ _______
Total cash and cash equivalents 5,057 9,529
Investment securities
Securities available-for-sale 32,128 33,803
Loans, net 39,780 35,882
Accrued interest receivable 837 769
Premises and equipment, net 1,476 1,406
Investments required by law-
stock in Federal Reserve Bank 66 66
Cash surrender value of life insurance 1,397 1,326
Deferred income taxes 521 467
Other assets 183 450
_______ _______
TOTAL ASSETS $81,445 $83,698
LIABILITIES
Deposits $70,074 $70,891
Borrowed funds 119 1,525
Accrued interest payable 186 212
Other liabilities 399 310
_______ _______
TOTAL LIABILITIES 70,778 72,938
SHAREHOLDERS' EQUITY
Preferred stock of $25 par value; 750 shares
authorized, no shares issued and outstanding 0 0
Common stock of $2.50 par value; 500,000 shares
authorized; 332,816 shares issued and outstanding 832 832
Additional paid-in capital 1,377 1,370
Retained earnings 8,944 8,653
Treasury stock, at cost; 7,796 and 0 shares (322) 0
Unrealized loss on securities available-for-sale,
net of applicable deferred income taxes (164) (95)
_______ _______
TOTAL SHAREHOLDERS' EQUITY 10,667 10,760
_______ _______
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $81,445 $83,698
_______ _______
See accompanying notes.
FC BANC CORP. AND SUBSIDIARY
BUCYRUS, OHIO
CONSOLIDATED STATEMENTS OF INCOME
_______________________________________________________________________________________________________
(Dollars in thousands, except per share data)
(Dollars in thousands)
1996 1995 1994
____ ____ ____
INTEREST INCOME
Interest and fees on loans $3,500 $3,354 $3,286
Interest on taxable investment securities 1,607 1,550 1,458
Interest on taxfree investment securities 398 468 552
Dividends on investment securities 4 4 4
Interest on federal funds sold 108 179 131
Other interest income 2 9 17
______ ______ ______
TOTAL INTEREST INCOME 5,619 5,564 5,448
INTEREST EXPENSE
Interest on interest-bearing checking accounts 328 400 434
Interest on passbook accounts 571 712 781
Interest on certificates of deposits 1,357 1,291 1,038
Interest on borrowed funds 21 39 28
______ ______ ______
TOTAL INTEREST EXPENSE 2,277 2,442 2,281
______ ______ ______
NET INTEREST INCOME 3,342 3,122 3,167
Provision for loan losses 0 204 1,015
______ ______ ______
NET INTEREST INCOME AFTER PROVISION
FOR LOAN LOSSES 3,342 2,918 2,152
OTHER INCOME
Service charges 336 323 321
Gain from sales of investment securities, net (13) 3 38
Other 146 102 166
______ ______ ______
TOTAL OTHER INCOME 469 428 525
OTHER EXPENSES
Salaries and employee benefits 1,468 1,367 1,225
Net occupancy and equipment expense 505 440 305
Other operating expenses 1,017 1,040 928
______ ______ ______
TOTAL OTHER EXPENSES 2,990 2,847 2,458
INCOME BEFORE FEDERAL INCOME
TAX EXPENSE 821 499 219
Federal income tax expense 140 (34) (116)
______ ______ ______
NET INCOME $ 681 $ 533 $ 335
______ ______ ______
PER SHARE DATA:
Net income $ 2.09 $ 1.61 $ 1.01
______ ______ ______
See accompanying notes.
FC BANC CORP. AND SUBSIDIARY
BUCYRUS, OHIO
CONSOLIDATED STATEMENTS OF CHANGES
IN SHAREHOLDERS' EQUITY
_________________________________________________________________________________________________
(Dollars in thousands)
Unrealized
Gain (Loss) Total
On Securities Share-
Common Retained Treasury Available holders'
Stock Surplus Earnings Stock For-sale Equity
_____ _______ ________ _____ ________ ______
