-----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, TD0bkq1nfWmymxKiI2/WGgJ9Em1BU807VfM/KEtQov4U13jHJyFWyzkd05JUm3/h PQ/j2yuxwOw8JgNe+iYH6w== 0000914317-01-500226.txt : 20010724 0000914317-01-500226.hdr.sgml : 20010724 ACCESSION NUMBER: 0000914317-01-500226 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010719 ITEM INFORMATION: FILED AS OF DATE: 20010723 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SUSSEX BANCORP CENTRAL INDEX KEY: 0001028954 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 223475473 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-12569 FILM NUMBER: 1685770 BUSINESS ADDRESS: STREET 1: 399 RTE 23 CITY: FRANKLIN STATE: NJ ZIP: 07416 BUSINESS PHONE: 9738272914 MAIL ADDRESS: STREET 1: 399 RTE 23 CITY: FRANKLIN STATE: NJ ZIP: 07416 8-K 1 form8k-39937.txt - -------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) July 19, 2001 SUSSEX BANCORP -------------- (Exact name of registrant as specified in its charter) New Jersey 0-29030 22-3475473 - ----------------------------- --------- ------------ (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 399 Route 23 Franklin, New Jersey 07416 ---------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (973) 827-2914 -------------- - ------------------------------------------------------------------------------ Item 5. Other events. ------------ The Registrant issued a press release on July 19, 2001 announcing results for the second quarter, 2001. Item 7. Exhibits. -------- The following exhibit is filed with this Current Report on Form 8-K. Exhibit No. Description ----------- ----------- 99 Press release announcing results for the second quarter, 2001. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, Sussex Bancorp, has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. SUSSEX BANCORP (Registrant) Dated: July 19, 2001 By: /s/ Candace A. Leatham ---------------------- CANDACE A. LEATHAM Chief Financial Officer EXHIBIT INDEX CURRENT REPORT ON FORM 8-K Exhibit No. Description ----------- ----------- 99 Press release announcing results for the second quarter, 2001. EX-99 2 ex99.txt EXHIBIT 99 Press Release - ------------- SUSSEX BANCORP ANNOUNCES SECOND QUARTER RESULTS AND CASH DIVIDEND FRANKLIN, NEW JERSEY - July 19, 2001- Sussex Bancorp (AMEX:"SBB") announced today that for the second quarter ended June 30, 2001, the Company earned net income of $240,000, an increase over net income of $184,000 for the second quarter of 2000. The Company's total interest income increased to $2,964,000 for the quarter ended June 30, 2001, primarily due to an increase in earning assets, as the Company's portfolio of loans increased to $99.5 million at June 30, 2001 from $94.7 million at June 30, 2000. The loan loss provision for the second quarter of each of 2001 and 2000 was $63,000. Basic earnings per share for the two periods were $.15 and $.13 respectively. Diluted earnings per share for the two periods were $.14 and $.12. Weighted average number of basic shares outstanding was 1,645,443 for 2001 and 1,494,298 for 2000. Weighted average number of diluted shares was 1,633,374 for 2001 and 1,504,241 for 2000. The Company's interest expense increased to $1,481,000 for the quarter ended June 30, 2001 from $1,140,000 for the second quarter of 2000. This increase reflects the increase in the Company's total deposits to $162.5 million at June 30, 2001 from $140.9million at June 30, 2000. At June 30, 2001 the Company had total assets of $185.3 million, compared to total assets of $161.6 million at June 30, 2000. For the six months ended June 30, 2001, the Company earned net income of $450,000, an increase of $66,000 from the $384,000 earned for the same period last year. The Company's total interest income increased to $5,909,000 for the six months ended June 30, 2001. Basic earnings per share for the six months ended were $.28 for 2001 and $.27 for 2000. Diluted earnings per share for the six months ended were $.27 and $.26 for 2000. Weighted average basic shares were 1,631,521 and 1,494,037. Weighted average diluted shares were 1,649,512 and 1,504,286. Sussex Bancorp also announced that its Board of Directors declared a cash dividend of $0.07 per share, payable on August 27, 2001 to shareholders of record as of August 6, 2001. Chairman and Chief Executive Officer Donald L. Kovach stated, "Our quarterly results show the continued hard work by our staff in increasing our base of earning assets through new loan originations. Our continued performance has permitted the Board to declare a quarterly cash dividend for the forty-second straight quarter. We continue to be committed to enhancing the value of our shareholders' "investment." Sussex Bancorp is the holding company for the Sussex County State Bank, which operates through its main office in Franklin, New Jersey and branch offices in Andover, Augusta, Newton, Montague, Sparta, Vernon and Wantage, New Jersey. -----END PRIVACY-ENHANCED MESSAGE-----