0001133796-11-000180.txt : 20110517 0001133796-11-000180.hdr.sgml : 20110517 20110517164953 ACCESSION NUMBER: 0001133796-11-000180 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20110517 DATE AS OF CHANGE: 20110517 GROUP MEMBERS: FINANCIAL EDGE FUND, L.P. GROUP MEMBERS: FINANCIAL EDGE-STRATEGIC FUND, L.P. GROUP MEMBERS: GOODBODY/PL CAPITAL, L.P. GROUP MEMBERS: GOODBODY/PL CAPITAL, LLC GROUP MEMBERS: JOHN W. PALMER GROUP MEMBERS: PL CAPITAL ADVISORS, LLC GROUP MEMBERS: PL CAPITAL/FOCUSED FUND, L.P. GROUP MEMBERS: RICHARD J. LASHLEY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NORTH CENTRAL BANCSHARES INC CENTRAL INDEX KEY: 0001005188 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 421449849 STATE OF INCORPORATION: IA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-48441 FILM NUMBER: 11852145 BUSINESS ADDRESS: STREET 1: 825 CENTRAL AVE STREET 2: C/O FIRST FED SAVINGS BANK OF FT DODGE CITY: FORT DODGE STATE: IA ZIP: 50501 BUSINESS PHONE: 5155767531 MAIL ADDRESS: STREET 1: 825 CENTRAL AVENUE CITY: FORT DODGE STATE: IA ZIP: 50501 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PL Capital, LLC CENTRAL INDEX KEY: 0001518768 IRS NUMBER: 364050713 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 20 EAST JEFFERSON AVENUE, SUITE 22 CITY: NAPERVILLE STATE: IL ZIP: 60540 BUSINESS PHONE: 630-848-1340 MAIL ADDRESS: STREET 1: 20 EAST JEFFERSON AVENUE, SUITE 22 CITY: NAPERVILLE STATE: IL ZIP: 60540 SC 13D/A 1 k223115_sc13da.htm Unassociated Document
CUSIP No. 658418108
Page 1 of 19 Pagesges
 
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 

SCHEDULE 13D/A


Under the Securities Exchange Act of 1934
(Amendment No. 1)


NORTH CENTRAL BANCSHARES, INC.
(Name of Issuer)

Common Stock, par value $0.01 per share
(Title of Class of Securities)


658418108
(CUSIP Number)

Mr. John Wm. Palmer
PL Capital, LLC
20 E. Jefferson Ave.
Suite 22
Naperville, IL  60540
630-848-1340
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

May 13, 2011
(Date of Event which Requires Filing of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box o.
 
 
 
 
 
CUSIP No. 658418108
Page 2 of 19 Pagesges
 
 
1
NAME OF REPORTING PERSON
PL Capital, LLC
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                                                                                               (a) x
                                           (b) o     
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
AF
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                                     o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
0
 
8
SHARED VOTING POWER
94,039
 
9
SOLE DISPOSITIVE POWER
0
 
10
SHARED DISPOSITIVE POWER
94,039
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
94,039
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                                                                   x
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%
 
14
TYPE OF REPORTING PERSON
PN
 
 
 
 
 
 
CUSIP No. 658418108
Page 3 of 19 Pagesges
 
 
1
NAME OF REPORTING PERSON
Financial Edge Fund, L.P.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                                                                                               (a) x
                                           (b) o     
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
WC, OO
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                                     o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
0
 
8
SHARED VOTING POWER
54,343
 
9
SOLE DISPOSITIVE POWER
0
 
10
SHARED DISPOSITIVE POWER
54,343
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
54,343
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                                                                   x
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.0%
 
14
TYPE OF REPORTING PERSON
PN
 

 
 
 
 
CUSIP No. 658418108
Page 4 of 19 Pagesges
 
 
1
NAME OF REPORTING PERSON
Financial Edge—Strategic Fund, L.P.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                                                                                               (a) x
                                           (b) o     
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
WC, OO
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                                     o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
0
 
8
SHARED VOTING POWER
21,300
 
9
SOLE DISPOSITIVE POWER
0
 
10
SHARED DISPOSITIVE POWER
21,300
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,300
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                                                                   x
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.6%
 
14
TYPE OF REPORTING PERSON
PN
 
 
 
 
 
 
CUSIP No. 658418108
Page 5 of 19 Pagesges
 
 
1
NAME OF REPORTING PERSON
Goodbody/PL Capital, L.P.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                                                                                               (a) x
                                           (b) o     
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
WC, OO
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                                     o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
0
 
8
SHARED VOTING POWER
19,000
 
9
SOLE DISPOSITIVE POWER
0
 
10
SHARED DISPOSITIVE POWER
19,000
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,000
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                                                                   x
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.4%
 
14
TYPE OF REPORTING PERSON
PN
 
 
 
 
 
 
CUSIP No. 658418108
Page 6 of 19 Pagesges
 
 
1
NAME OF REPORTING PERSON
PL Capital/Focused Fund, L.P.
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                                                                                               (a) x
                                           (b) o     
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
WC, OO
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                                     o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
0
 
8
SHARED VOTING POWER
18,396
 
9
SOLE DISPOSITIVE POWER
0
 
10
SHARED DISPOSITIVE POWER
18,396
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,396
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                                                                   x
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.4%
 
14
TYPE OF REPORTING PERSON
PN
 
 
 
 
 
 
CUSIP No. 658418108
Page 7 of 19 Pagesges
 

1
NAME OF REPORTING PERSON
PL Capital Advisors, LLC
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                                                                                               (a) x
                                           (b) o     
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
AF
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                                     o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
0
 
8
SHARED VOTING POWER
113,039
 
9
SOLE DISPOSITIVE POWER
0
 
10
SHARED DISPOSITIVE POWER
113,039
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
113,039
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                                                                   x
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
 
14
TYPE OF REPORTING PERSON
PN
 
 
 
 
 
 
CUSIP No. 658418108
Page 8 of 19 Pagesges
 
 
1
NAME OF REPORTING PERSON
Goodbody/PL Capital, LLC
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                                                                                               (a) x
                                           (b) o     
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
AF
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                                     o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
0
 
8
SHARED VOTING POWER
19,000
 
9
SOLE DISPOSITIVE POWER
0
 
10
SHARED DISPOSITIVE POWER
19,000
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,000
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                                                                   x
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.4%
 
14
TYPE OF REPORTING PERSON
PN
 

 
 
 
 
CUSIP No. 658418108
Page 9 of 19 Pagesges
 
 
1
NAME OF REPORTING PERSON
John W. Palmer
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                                                                                               (a) x
                                           (b) o     
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
AF
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                                     o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
USA
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
0
 
8
SHARED VOTING POWER
113,039
 
9
SOLE DISPOSITIVE POWER
0
 
10
SHARED DISPOSITIVE POWER
113,039
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
113,039
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                                                                   x
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
 
14
TYPE OF REPORTING PERSON
IN
 

 
 
 
 
CUSIP No. 658418108
Page 10 of 19 Pagesges
 
 
1
NAME OF REPORTING PERSON
Richard J. Lashley
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                                                                                                               (a) x
                                           (b) o     
 
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
AF
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)                                     o
 
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
USA
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
0
 
8
SHARED VOTING POWER
113,039
 
9
SOLE DISPOSITIVE POWER
0
 
10
SHARED DISPOSITIVE POWER
113,039
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
113,039
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES                                                                   x
 
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
 
14
TYPE OF REPORTING PERSON
IN
 
 
 
 
 
 
CUSIP No. 658418108
Page 11 of 19 Pagesges
 
 
Item 1.
Security and Issuer
 
This amended Schedule 13D relates to the common stock, $0.01 par value (“Common Stock”), of North Central Bancshares, Inc. (the “Company” or “North Central”).  The address of the principal executive offices of the Company is 825 Central Avenue, Fort Dodge, IA  50501.
 
Item 2.
Identity and Background
 
This amended Schedule 13D is being filed jointly by the parties identified below.  All of the filers of this amended Schedule 13D are collectively the “PL Capital Group.”  The joint filing agreement of the members of the PL Capital Group is attached as Exhibit 1 to the initial Schedule 13D filing.
 
 
·
Financial Edge Fund, L.P., a Delaware limited partnership (“Financial Edge Fund”)
 
 
·
Financial Edge-Strategic Fund, L.P., a Delaware limited partnership (“Financial Edge Strategic”)
 
 
·
PL Capital/Focused Fund, L.P., a Delaware limited partnership (“Focused Fund”)
 
 
·
PL Capital, LLC, a Delaware limited liability company and General Partner of Financial Edge Fund, Financial Edge Strategic and Focused Fund (“PL Capital”)
 
 
·
PL Capital Advisors, LLC, a Delaware limited liability company and investment advisor to Financial Edge Fund, Financial Edge Strategic, Focused Fund and Goodbody/PL Capital, L.P. (“PL Capital Advisors”)
 
 
·
Goodbody/PL Capital, L.P., a Delaware limited partnership (“Goodbody/PL LP”)
 
 
·
Goodbody/PL Capital, LLC, a Delaware limited liability company and General Partner of Goodbody/PL LP (“Goodbody/PL LLC”)
 
 
·
John W. Palmer and Richard J. Lashley, Managing Members of PL Capital, PL Capital Advisors and Goodbody/PL LLC
 
(a)-(c)    This statement is filed by Mr. John Palmer and Mr. Richard Lashley, with respect to the shares of Common Stock beneficially owned by them, as follows:
 
 
(1)
shares of Common Stock held in the name of Financial Edge Fund, Financial Edge Strategic and Focused Fund, in Mr. Palmer’s and Mr. Lashley’s capacity as Managing Members of PL Capital, the General Partner of Financial Edge Fund, Financial Edge Strategic and Focused Fund;
 
 
 
 
 
CUSIP No. 658418108
Page 12 of 19 Pagesges
 
 
 
(2)
shares of Common Stock held in the name of Financial Edge Fund, Financial Edge Strategic, Focused Fund and Goodbody/PL LP, in Mr. Palmer’s and Mr. Lashley’s capacity as Managing Members of PL Capital Advisors, the investment advisor to Financial Edge Fund, Financial Edge Strategic, Focused Fund and Goodbody/PL LP; and
 
 
(3)
shares of Common Stock held in the name of Goodbody/PL LP, in Mr. Palmer’s and Mr. Lashley’s capacity as Managing Members of Goodbody/PL LLC, the General Partner of Goodbody/PL LP.
 
The business address of Financial Edge Fund, Financial Edge Strategic, Focused Fund, PL Capital, PL Capital Advisors, Goodbody/PL LP, Goodbody/PL LLC, Mr. Palmer and Mr. Lashley is:  c/o PL Capital, 20 East Jefferson Avenue, Suite 22, Naperville, Illinois 60540.  Each of Financial Edge Fund, Financial Edge Strategic, Focused Fund, PL Capital, PL Capital Advisors, Goodbody/PL LP and Goodbody/PL LLC are engaged in various interests, including investments.
 
The principal employment of Messrs. Palmer and Lashley is investment management with each of PL Capital, PL Capital Advisors and Goodbody/PL LLC, whose principal business is investments.
 
(d)           During the past five years, no member of the PL Capital Group has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
 
(e)           During the past five years, no member of the PL Capital Group has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws.
 
(f)           All of the individuals who are members of the PL Capital Group are citizens of the United States.
 
Item 3.
Source and Amount of Funds or Other Consideration
 
In aggregate, the PL Capital Group owns 113,039 shares of Common Stock of the Company acquired at an aggregate cost of $1,332,432.
 
The amount of funds expended by Financial Edge Fund to acquire the 54,343 shares of Common Stock it holds in its name is $671,597.  Such funds were provided from Financial Edge Fund’s available capital and from time to time by margin loans provided by BNP Paribas Prime Brokerage, Inc. (“BNP Paribas”).
 
The amount of funds expended by Financial Edge Strategic to acquire the 21,300 shares of Common Stock it holds in its name is $257,801.  Such funds were provided from Financial Edge Strategic’s available capital and from time to time by margin loans provided by BNP Paribas.
 
 
 
 
 
CUSIP No. 658418108
Page 13 of 19 Pagesges
 
 
The amount of funds expended by Goodbody/PL LP to acquire the 19,000 shares of Common Stock it holds in its name is $207,274.  Such funds were provided from Goodbody/PL LP’s available capital and from time to time by margin loans provided by BNP Paribas.
 
The amount of funds expended by Focused Fund to acquire the 18,396 shares of Common Stock it holds in its name is $195,760.  Such funds were provided from Focused Fund’s available capital and from time to time by margin loans provided by BNP Paribas.
 
Any purchases of Common Stock made by members of the PL Capital Group using funds borrowed from BNP Paribas, if any, were made in margin transactions on that firms’ usual terms and conditions.  All or part of the shares of Common Stock owned by members of the PL Capital Group may from time to time be pledged with one or more banking institutions or brokerage firms as collateral for loans made by such entities to members of the PL Capital Group.  Such loans, if any, generally bear interest at a rate based upon the federal funds rate plus a margin.  Such indebtedness, if any, may be refinanced with other banks or broker-dealers.  As of the date of this filing no member of the PL Capital Group has margin or other loans outstanding secured by Common Stock other than Goodbody/PL LP.
 
Item 4.
Purpose of Transaction
 
This is the PL Capital Group’s first amendment to its initial Schedule 13D filing.  The PL Capital Group acquired shares of Common Stock because it believes that the Common Stock is undervalued.  On May 13, 2011, the Common Stock closed at $16.75, which equals 58% of the Company’s March 31, 2011 tangible book value of $28.89.
 
The PL Capital Group plans to ask management of the Company what their operating and strategic plans are for, among other things,:  (1) managing credit risk; , (2) repaying the capital raised through the U.S. Treasury’s previously announced Troubled Asset Relief Program (TARP) without diluting current shareholders; and (3) maximizing the value of the Common Stock, including investigating the potential sale of the Company as an alternative to doing a dilutive capital raise to repay TARP.
 
Members of the PL Capital Group may make further purchases of shares of Common Stock.  Members of the PL Capital Group may dispose of any or all the shares of Common Stock held by them.
 
To the extent the actions described herein may be deemed to constitute a “control purpose” with respect to the Securities Exchange Act of 1934, as amended, and the regulations thereunder, the PL Capital Group has such a purpose.  Except as noted in this amended Schedule 13D, no member of the PL Capital Group has any plans or proposals, which relate to, or would result in, any of the matters referred to in paragraphs (b) through (j), inclusive of Item (4) of Schedule 13D.  Such individuals may, at any time and from time to time, review or reconsider their positions and formulate plans or proposals with respect thereto.
 
 
 
 
 
CUSIP No. 658418108
Page 14 of 19 Pagesges
 
 
Item 5.
Interest in Securities of the Company
 
The percentages used in this amended Schedule 13D are calculated based upon 1,355,073 outstanding shares of Common Stock.  This is the number of shares of Common Stock that North Central reported as outstanding as of May 11, 2011 in its most recent Quarterly Report on Form 10-Q, which was filed with Securities and Exchange Commission on May 11, 2011.  The PL Capital Group’s transactions in the Common Stock within the past 60 days of the date of this filing are as follows:
 
 
(A) 
Financial Edge Fund
 
 
(a)-(b) 
See cover page.
 
 
(c) 
Financial Edge Fund made the following purchases (no sales) of Common Stock within the past 60 days of the date of this filing:
 
Date
Number of
Shares Purchased
Price Per Share
Total Cost
5/13/11
9,000
$16.67
$150,562

(d)          Because Mr. Palmer and Mr. Lashley are the Managing Members of PL Capital, the general partner of Financial Edge Fund, they have the power to direct the affairs of Financial Edge Fund, including the voting and disposition of shares of Common Stock held in the name of Financial Edge Fund.  Therefore, Mr. Palmer and Mr. Lashley are deemed to share voting and dispositive power with Financial Edge Fund with regard to those shares of Common Stock.
 
 
(B) 
Financial Edge Strategic
 
 
(a)-(b) 
See cover page.
 
 
(c) 
Financial Edge Strategic made the following purchases (no sales) of Common Stock within the past 60 days of the date of this filing:
 
Date
Number of
Shares Purchased
Price Per Share
Total Cost
5/13/11
4,000
$16.67
$66,922
 
(d)          Because Mr. Palmer and Mr. Lashley are the Managing Members of PL Capital, the general partner of Financial Edge Strategic, they have the power to direct the affairs of Financial Edge Strategic, including the voting and disposition of shares of Common Stock held in the name of Financial Edge Strategic.  Therefore, Mr. Palmer and Mr. Lashley are deemed to share voting and dispositive power with Financial Edge Strategic with regard to those shares of Common Stock.
 
 
(C) 
Goodbody/PL LP
 
 
(a)-(b) 
See cover page.
 
 
 
 
 
CUSIP No. 658418108
Page 15 of 19 Pagesges
 
 
 
(c) 
Goodbody/PL LP made no purchases or sales of Common Stock within the past 60 days of the date of this filing:
 
(d)          Goodbody/PL LLC is the general partner of Goodbody/PL LP.  Because Mr. Palmer and Mr. Lashley are the Managing Members of Goodbody/PL LLC, they have the power to direct the affairs of Goodbody/PL LP.  Therefore, Goodbody/PL LLC may be deemed to share with Messrs. Palmer and Lashley voting and dispositive power with regard to the shares of Common Stock held by Goodbody/PL LP.
 
 
(D) 
Focused Fund
 
 
(a)-(b) 
See cover page.
 
 
(c) 
Focused Fund made no purchases or sales of Common Stock within the past 60 days of the date of this filing:
 
(d)          PL Capital is the general partner of Focused Fund.  Because Mr. Palmer and Mr. Lashley are the Managing Members of PL Capital, they have the power to direct the affairs of PL Capital.  Therefore, PL Capital may be deemed to share with Messrs. Palmer and Lashley voting and dispositive power with regard to the shares of Common Stock held by PL Capital.
 
 
(E) 
PL Capital
 
 
(a)-(b) 
See cover page.
 
 
(c) 
PL Capital has made no purchases or sales of Common Stock directly.
 
(d)          PL Capital is the general partner of Financial Edge Fund, Financial Edge Strategic and Focused Fund.  Because Mr. Palmer and Mr. Lashley are the Managing Members of PL Capital, they have the power to direct the affairs of PL Capital.  Therefore, PL Capital may be deemed to share with Mr. Palmer and Mr. Lashley voting and dispositive power with regard to the shares of Common Stock held by Financial Edge Fund, Financial Edge Strategic and Focused Fund.
 
 
(F) 
PL Capital Advisors
 
 
(a)-(b) 
See cover page.
 
 
(c) 
PL Capital Advisors has made no purchases or sales of Common Stock directly.
 
(d)          PL Capital Advisors is the investment advisor to Financial Edge Fund, Financial Edge Strategic, Goodbody/PL LP and Focused Fund.  Because Mr. Palmer and Mr. Lashley are the Managing Members of PL Capital Advisors, they have the power to direct the affairs of PL Capital Advisors.  Therefore, PL Capital Advisors may be deemed to share with Mr. Palmer and Mr. Lashley voting and dispositive power with regard to the shares of Common
 
 
 
 
 
CUSIP No. 658418108
Page 16 of 19 Pagesges
 
 
Stock held by Financial Edge Fund, Financial Edge Strategic, Goodbody/PL LP, and Focused Fund.
 
 
(G) 
Goodbody/PL LLC
 
 
(a)-(b) 
See cover page.
 
 
(c) 
Goodbody/PL LLC has made no purchases or sales of Common Stock directly.
 
(d)          Goodbody/PL LLC is the general partner of Goodbody/PL LP.  Because Mr. Palmer and Mr. Lashley are the Managing Members of Goodbody/PL LLC, they have the power to direct the affairs of Goodbody/PL LLC.  Therefore, Goodbody/PL LLC may be deemed to share with Messrs. Palmer and Lashley voting and dispositive power with regard to the shares of Common Stock held by Goodbody/PL LP.
 
 
(H) 
Mr. John W. Palmer
 
 
(a)-(b) 
See cover page.
 
 
(c) 
Mr. Palmer made no purchases or sales of Common Stock within the past 60 days of the date of this filing.
 
 
(I) 
Mr. Richard J. Lashley
 
 
(a)-(b) 
See cover page.
 
 
(c) 
Mr. Lashley made no purchases or sales of Common Stock within the past 60 days of the date of this filing.
 
Item 6.
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Company
 
With respect to Financial Edge Fund, Financial Edge Strategic and Focused Fund:  PL Capital and/or PL Capital Advisors are entitled to (1) an allocation of a portion of profits, if any, and (2) a management fee based upon a percentage of total capital.  With respect to Goodbody/PL LP:  Goodbody/PL LLC and/or PL Capital Advisors are entitled to (1) an allocation of a portion of profits, if any, and (2) a management fee based upon a percentage of total capital.
 
Other than the foregoing agreements and the Joint Filing Agreement filed as Exhibit 1 to the initial Schedule 13D filing, there are no contracts, arrangements, understandings or relationships among the persons named in Item 2 hereof and between such persons and any person with respect to any securities of the Company.
 
 
 
 
 
CUSIP No. 658418108
Page 17 of 19 Pagesges
 
 
Item 7.
 Material to be Filed as Exhibits
 
Exhibit No.
Description
   
1
Joint Filing Agreement*
 
*Previously filed.
 
 
 
 
 
CUSIP No. 658418108
Page 18 of 19 Pagesges
 
 
SIGNATURES
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Date:   May 16, 2011
 
  FINANCIAL EDGE FUND, L.P.
      
           
           
  By: PL CAPITAL, LLC        
  General Partner        
           
  By:
/s/ John Palmer   
    
/s/ Richard Lashley
  
 
John Palmer   
    
Richard Lashley
  
 
Managing Member
    
Managing Member
  
           
           
  FINANCIAL EDGE-STRATEGIC FUND, L.P.
      
           
           
  By: PL CAPITAL, LLC        
  General Partner        
           
  By: /s/ John Palmer       /s/ Richard Lashley  
  John Palmer       Richard Lashley  
  Managing Member      Managing Member  
           
           
  PL CAPITAL/FOCUSED FUND, L.P.
      
           
           
  By:  PL CAPITAL, LLC        
  General Partner        
           
  By: /s/ John Palmer       /s/ Richard Lashley  
  John Palmer       Richard Lashley  
  Managing Member     Managing Member  
 
 
 
 
 
CUSIP No. 658418108
Page 19 of 19 Pagesges
 
 
  GOODBODY/PL CAPITAL, L.P.      
           
           
  By: GOODBODY/PL CAPITAL, LLC        
  General Partner        
           
  By:  /s/ John Palmer        /s/ Richard Lashley  
  John Palmer        Richard Lashley  
  Managing Member       Managing Member  
           
           
  GOODBODY/PL CAPITAL, LLC      
           
           
  By:  /s/ John Palmer          /s/ Richard Lashley  
  John Palmer          Richard Lashley  
  Managing Member       Managing Member  
           
           
  PL CAPITAL, LLC
      
           
           
  By:  /s/ John Palmer       /s/ Richard Lashley  
  John Palmer       Richard Lashley  
  Managing Member      Managing Member  
           
           
  PL CAPITAL ADVISORS, LLC
      
           
           
  By:  /s/ John Palmer     /s/ Richard Lashley  
  John Palmer     Richard Lashley  
  Managing Member      Managing Member  
 
 
             
  By: 
/s/ John W. Palmer
      
 
  
 
John W. Palmer
      
 
  
 
 
      
 
  
             
  By:  /s/ Richard J. Lashley          
  Richard J. Lashley          
             
 
 
 
 
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