-----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, TpszYy/hiQoAhJVrDDDvMb6h8CEvAq4qEZt4DrA010aFqaKS5CQgpoaWk/WCED83 2h501wEnSt9CGNrp71rpvA== 0000950156-04-000093.txt : 20040324 0000950156-04-000093.hdr.sgml : 20040324 20040324095843 ACCESSION NUMBER: 0000950156-04-000093 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040127 ITEM INFORMATION: ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040324 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHWAY FINANCIAL INC CENTRAL INDEX KEY: 0001041753 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 043368379 STATE OF INCORPORATION: NH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-23129-33 FILM NUMBER: 04686244 BUSINESS ADDRESS: STREET 1: 9 MAIN ST CITY: BERLIN STATE: NH ZIP: 03750 BUSINESS PHONE: 6037521171 MAIL ADDRESS: STREET 1: 9 MAIN ST CITY: BERLIN STATE: NH ZIP: 03750 8-K/A 1 d60812.txt NORTHWAY FINANCIAL INC. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Date of Report (Date of earliest event reported): January 27, 2004 Commission File Number 000-23129 NORTHWAY FINANCIAL, INC ----------------------- (Exact name of registrant as specified in its charter) New Hampshire 04-3368579 ------------- ---------- (State or other jurisdiction of (IRS Employer incorporation or organization) Identification No.) 9 Main Street Berlin, New Hampshire 03570 ---------------------------------------------------------- Address of principal executive offices (Zip Code) (603) 752-1171 -------------- (Registrant's telephone number, including area code) No Change --------- (Former name, former address and former fiscal year, if changed since last year) Item 7: Financial Statements and Exhibits. (a) Financial Statements of Business Acquired. Not applicable (b) Pro Forma Financial Information. Not applicable (c) Exhibits. 99.1 Northway Financial, Inc. Revised Selected Consolidated Financial Data Item 12. Results of Operations and Financial Condition. Northway Financial, Inc. (the "Company") is furnishing this Form 8-K/A to amend its Current Report on Form 8-K, which was furnished to the Securities and Exchange Commission on February 2, 2004 under Item 12 (the "Original Report"). On January 27, 2004, the Company issued a press release announcing its financial results for the fourth quarter of 2003 and the year ended December 31, 2003. Based on subsequent information, the Company finds it necessary to revise certain financial information previously released. These revisions do not materially impact net income as reported on January 27, 2004. Revised selected financial data is attached as Exhibit 99.1 hereto and incorporated by reference herein. The revised financial data supersedes the information attached to the Original Report, including certain financial information included in the text of the Company's press release. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NORTHWAY FINANCIAL, INC. By: /S/Richard P. Orsillo ------------------------------------ Richard P. Orsillo Senior Vice President and Chief Financial Officer Date: March 23, 2004 ------------------------- EXHIBIT INDEX Exhibit No. Description 99.1 Northway Financial, Inc. Revised Selected Financial Data. EX-99.1 3 ex99_1.txt REVISED SELECTED FINANCIAL DATA Exhibit 99.1 Northway Financial, Inc. Revised Selected Consolidated Financial Data (Unaudited) (In thousands, except for ratios and per share amounts)
Period end balance sheet data: December 31, 2003 2002 Total assets $ 609,216 $ 598,945 Loans, net (1) 463,460 437,901 Investments (2) 95,256 106,279 Deposits 463,307 476,194 Borrowings 95,021 74,871 Stockholders' equity 47,872 44,266 Book value per share $ 31.92 $ 29.19 Tangible book value per share (3) 22.29 19.07 Leverage ratio 7.22% 6.70% Shares outstanding 1,499,574 1,516,574 For the Three Months For the Twelve Months Ended Dec. 31, Ended Dec. 31, Operating results: 2003 2002 2003 2002 Net interest and dividend income $ 5,636 $ 5,598 $23,050 $21,644 Securities gains (losses), net 671 (116) 1,522 151 Other noninterest income 943 930 3,853 3,245 Loan loss provision 150 225 805 900 Write-down of equity securities -- 96 184 910 Amortization of core deposit intangible 239 212 954 476 Other operating expense 5,479 5,176 20,998 18,649 Income before tax 1,382 703 5,484 4,105 Income tax expense 378 321 1,867 1,507 Net income $ 1,004 $ 382 $ 3,617 $ 2,598 Earnings per share $ 0.66 $ 0.25 $ 2.40 $ 1.71 Earnings per share-assuming dilution 0.66 0.25 2.39 1.71 Return on average assets 0.64% 0.26% 0.59% 0.49% Return on average equity 8.40% 3.42% 7.82% 5.86% (1) Net of unearned income and the allowance for loan losses. Includes loans held-for-sale. (2) Includes federal funds sold, Federal Home Loan Bank stock, Federal Reserve Board stock and investment securities available-for-sale. (3) Includes a deduction of $14,439 and $15,348 for goodwill, core deposit intangible and mortgage servicing assets for 2003 and 2002, respectively.
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