-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IME9Z5k6KYcC4TvpeFVRYtMFfZrSYqQe+chRcm6l5LsqIMNiQSz5j09JCPsndj1E GPBhHfXkApzV2E+UF9TKBg== 0000101320-95-000014.txt : 19951030 0000101320-95-000014.hdr.sgml : 19951030 ACCESSION NUMBER: 0000101320-95-000014 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19951025 ITEM INFORMATION: Other events FILED AS OF DATE: 19951027 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: UJB FINANCIAL CORP /NJ/ CENTRAL INDEX KEY: 0000101320 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 221903313 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06451 FILM NUMBER: 95584624 BUSINESS ADDRESS: STREET 1: 301 CARNEGIE CENTER STREET 2: P O BOX 2066 CITY: PRINCETON STATE: NJ ZIP: 08543-2066 BUSINESS PHONE: 6099873200 FORMER COMPANY: FORMER CONFORMED NAME: UNITED JERSEY BANKS DATE OF NAME CHANGE: 19890815 8-K 1 FORM 8-K DATED 10/18/95 SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 8-K --------- CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported): October 18, 1995 ----------------- UJB Financial Corp. ------------------------------------------------------ (Exact Name of Registrant as Specified in its Charter) New Jersey 1-6451 22-1903313 - -------------------------------------------------------------------------- (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization ) File number) Identification No.) 301 Carnegie Center, P. O. Box 2066 Princeton , New Jersey 08543-2066 ----------------------------------------- (Address of Principal Executive Offices ) (Zip Code) (609) 987-3200 --------------------------------------------------- (Registrant's Telephone Number, including Area Code) ITEM 5. OTHER EVENTS. ------------- On October 18, 1995 the Registrant issued consolidated balance sheets at September 30, 1995, December 31, 1994 and September 30, 1994, and consolidated statements of income for the nine months ended September 30, 1995 and 1994 and the three months ended September 30, 1995 and 1994. These financial statements are attached hereto as Exhibits (99)A and (99)B and are hereby incorporated herein by reference. ITEM 7 FINANCIAL STATEMENTS AND EXHIBITS. ---------------------------------- (c.) Exhibits: (99)A Consolidated balance sheets at September 30, 1995, December 31, 1994 and September 30, 1994. (99)B Consolidated statements of income for the nine months ended September 30, 1995 and 1994 and the three months ended September 30, 1995 and 1994. 1 SIGNATURE --------- 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 hereunto duly authorized. Dated: October 27, 1995 UJB FINANCIAL CORP. By:/s/ John R. Haggerty ----------------------- John R. Haggerty Senior Executive Vice President and Chief Financial Officer 2 EX-99 2 EXHIBIT (99)A UJB FINANCIAL CORP. Exhibit (99)A CONSOLIDATED BALANCE SHEETS (dollars in thousands)
September 30, December 31, September 30, 1995 1994 1994 -------------- -------------- -------------- Assets Cash and cash equivalents: Cash and due from banks $ 807,173 $ 925,421 $ 1,035,023 Federal funds sold and securities purchased under agreements to resell 2,000 44,875 3,425 -------------- -------------- -------------- Total cash and cash equivalents 809,173 970,296 1,038,448 Interest bearing deposits with banks 15,938 18,809 18,844 Trading account securities 32,040 33,513 18,442 Investment securities available for sale 356,309 201,215 317,508 Investment securities: U.S. Government and Federal agencies 1,795,406 2,016,615 1,995,798 States and political subdivisions 274,677 331,000 353,796 Other securities 1,569,179 1,745,373 1,790,212 -------------- -------------- -------------- Total investment securities 3,639,262 4,092,988 4,139,806 Loans (net of unearned discount): Commercial 4,578,772 4,627,349 4,633,600 Mortgage 3,215,237 2,790,988 2,760,631 Instalment 2,432,736 2,238,237 2,205,327 -------------- -------------- -------------- Total loans 10,226,745 9,656,574 9,599,558 Less: Allowance for loan losses 200,337 214,161 237,745 -------------- -------------- -------------- Net loans 10,026,408 9,442,413 9,361,813 Premises and equipment 163,774 167,905 167,178 Assets held for accelerated disposition 22,906 90,888 - Accrued interest receivable 95,448 89,926 85,943 Other real estate owned, net 27,082 31,449 66,679 Due from customers on acceptances 22,332 21,159 25,159 Other assets 322,398 268,911 278,040 -------------- -------------- -------------- Total Assets $ 15,533,070 $ 15,429,472 $ 15,517,860 ============== ============== ============== Liabilities and Shareholders' Equity Deposits: Non-interest bearing demand deposits $ 3,172,859 $ 3,260,641 $ 3,068,346 Interest bearing deposits: Savings and time deposits 9,240,588 8,936,009 8,744,877 Commercial certificates of deposit $100,000 and over 458,185 371,141 354,112 -------------- -------------- -------------- Total deposits 12,871,632 12,567,791 12,167,335 Commercial paper 48,542 42,211 45,360 Other borrowed funds 887,501 1,291,219 1,792,679 Long-term debt 204,338 204,754 206,252 Accrued interest payable 47,157 30,234 29,615 Bank acceptances outstanding 22,332 21,159 25,159 Accrued expenses and other liabilities 187,571 167,844 166,469 -------------- -------------- -------------- Total liabilities 14,269,073 14,325,212 14,432,869 Shareholders' equity: Preferred stock: Authorized 4,000,000 shares without par value: Series B: Authorized 1,200,000 shares; issued and outstanding 600,166 in 1995 and 1994, adjustable-rate cumulative, $50 stated value 30,008 30,008 30,008 Common stock par value $1.20: Authorized 130,000,000 shares; issued and outstanding 57,581,872 at September 30, 1995, 55,005,306 at December 31, 1994 and 54,921,409 at September 30, 1994 69,098 66,006 65,905 Surplus 490,781 413,429 409,798 Retained earnings 677,631 604,066 584,506 Net unrealized gain (loss) on investment securities, net of tax (3,521) (9,249) (5,226) -------------- -------------- -------------- Total shareholders' equity 1,263,997 1,104,260 1,084,991 -------------- -------------- -------------- Total Liabilities and Shareholders' Equity $ 15,533,070 $ 15,429,472 $ 15,517,860 ============== ============== ==============
EX-99 3 EXHIBIT (99)B UJB FINANCIAL CORP. Exhibit (99)B CONSOLIDATED STATEMENTS OF INCOME (dollars in thousands, except per share data)
Nine Months Ended Three Months Ended September 30, September 30, ----------------- ----------------- 1995 1994* 1995 1994 -------- -------- -------- -------- Interest Income Interest and fees on loans $623,270 $510,472 $211,846 $183,004 Interest on investment securities: Taxable 161,718 140,867 52,212 55,413 Tax-exempt 15,277 17,175 4,614 5,911 Interest on investment securities available for sale 13,301 30,442 6,117 3,651 Interest on Federal funds sold and securities purchased under agreements to resell 2,603 255 1,085 12 Interest on trading account securities 1,320 557 539 120 Interest on deposits with banks 510 434 135 174 -------- -------- -------- -------- Total interest income 817,999 700,202 276,548 248,285 Interest Expense Interest on savings and time deposits 239,057 173,752 84,731 59,767 Interest on commercial certificates of deposit $100,000 and over 18,860 8,256 5,667 3,648 Interest on borrowed funds 75,808 62,890 23,494 25,887 -------- -------- -------- -------- Total interest expense 333,725 244,898 113,892 89,302 -------- -------- -------- -------- Net interest income 484,274 455,304 162,656 158,983 Provision for loan losses 48,750 55,500 18,000 18,500 -------- -------- -------- -------- Net interest income after provision for loan losses 435,524 399,804 144,656 140,483 Non-Interest Income Service charges on deposit accounts 49,665 48,474 17,442 16,093 Service and loan fee income 20,707 20,082 7,173 7,522 Trust income 16,421 16,410 5,698 5,324 Investment securities gains 5,205 1,846 980 58 Trading account gains 777 522 235 434 Other 37,399 33,109 13,547 11,328 -------- -------- -------- -------- Total non-interest income 130,174 120,443 45,075 40,759 Non-Interest Expenses Salaries 146,639 135,521 49,795 46,312 Pension and other employee benefits 47,072 41,721 15,161 14,292 Occupancy, net 39,329 38,492 13,165 12,363 Furniture and equipment 37,965 36,170 12,832 12,130 FDIC assessment 13,710 20,815 32 6,989 Other real estate owned expenses 5,779 14,467 2,063 4,902 Advertising and public relations 8,585 8,039 2,721 2,523 Other 72,139 70,925 25,271 22,121 -------- -------- -------- -------- Total non-interest expenses 371,218 366,150 121,040 121,632 -------- -------- -------- -------- Income before income taxes 194,480 154,097 68,691 59,610 Federal and state income taxes 70,118 56,539 24,652 21,039 -------- -------- -------- -------- Income before cumulative effect of a change in accounting principle 124,362 97,558 44,039 38,571 Cumulative effect of a change in accounting principle - (1,731) - - -------- -------- -------- -------- Net Income $124,362 $ 95,827 $ 44,039 $ 38,571 ======== ======== ========= ======== Net Income Per Common Share: Income before cumulative effect of a change in accounting principle $ 2.20 $ 1.76 $ 0.76 $ 0.70 Cumulative effect of a change in accounting principle - (0.03) - - - -------- -------- --------- -------- Net Income Per Common Share $ 2.20 $ 1.73 $ 0.76 $ 0.70 ======== ======== ========= ======== Average Common Shares Outstanding (in thousands) 55,946 54,604 57,302 54,797 ======== ======== ========= ======== Certain prior period amounts have been reclassified for comparative purposes. * Effective January 1994, the company adopted SFAS No. 112, Accounting for Postemployment Benefits.
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