-----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, DTuaEzGmHMeAbM8izW1VL7vkhcxGk35PHqri/llaDcYYkCdHPTr2sThJY+GpWTHb 28baN6zCZ9sbuSQEN1WFlA== 0001019056-07-000229.txt : 20070302 0001019056-07-000229.hdr.sgml : 20070302 20070302110431 ACCESSION NUMBER: 0001019056-07-000229 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070302 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070302 DATE AS OF CHANGE: 20070302 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FNB BANCORP/CA/ CENTRAL INDEX KEY: 0001163199 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 922115369 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-49693 FILM NUMBER: 07666147 BUSINESS ADDRESS: STREET 1: 975 EL CAMINO REAL 3RD FL STREET 2: C/O FIRST NATIONAL BANK CITY: S. SAN FRANCISCO STATE: CA ZIP: 94080 BUSINESS PHONE: 6505886800 MAIL ADDRESS: STREET 1: 975 EL CAMINO REAL 3RD FL STREET 2: C/O FIRST NATIONAL BANK CITY: S. SAN FRANCISCO STATE: CA ZIP: 94080 8-K 1 fnb_8k.txt FORM 8-K United States 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) March 2, 2007 ------------- FNB BANCORP (Exact name of registrant as specified in its charter) California (State or other jurisdiction of incorporation) 000-49693 92-2115369 (Commission File Number) (IRS Employer Identification No.) 975 El Camino Real, South San Francisco, California 94080 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (650) 588-6800 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 2.02. Results of Operations and Financial Condition FNB Bancorp (Bulletin Board: FNBG), parent company of First National Bank of Northern California, today announced financial highlights of operating results for the quarter and year ended December 31, 2006. A copy of the News Release issued by the registrant on March 2, 2007, is attached to this report as Exhibit 99.45 and is incorporated here by reference. Item 9.01. Financial Statements and Exhibits. (c) Exhibits 99.45 News Release dated March 2, 2007, announcing financial highlights of operating results for the quarter and year ended December 31, 2006. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FNB BANCORP (Registrant) Dated: March 2, 2007. By: /s/ DAVE A. CURTIS ------------------------------------- Dave A. Curtis Senior Vice President and Chief Financial Officer EX-99.45 2 ex99_45.txt EXHIBIT 99.45 EXHIBIT 99.45 ------------- NEWS RELEASE ------------ For Immediate Release Contacts: Tom McGraw, Chief Executive Officer (650) 875-4864 Dave Curtis, Chief Financial Officer (650) 875-4862 FNB Bancorp Announces Financial Highlights and Operating Results for the Quarter and Year Ended December 31, 2006 FNB Bancorp (Bulletin Board: FNBG), parent company of First National Bank of Northern California, today announced solid operating results for 2006, driven by a solid net interest margin, a growing loan portfolio and a stable deposit base. Net income for the three and twelve months ended December 31, 2006 were $1,559,000 and $7,582,000 compared with $1,877,000 and $5,728,000 for the same period in 2005. Diluted earnings per share were $0.54 and $2.60 for the three and twelve months ended December 31, 2006, which compares to $0.64 and $1.98 for the same periods in 2005.
Financial Highlights: 2006 For the three For the twelve Months ended Months ended December 31, 2006 December 31, 2006 ----------------- ----------------- Interest income $ 9,929,000 $ 37,196,000 Interest expense 2,916,000 9,821,000 ----------------- ----------------- Net Interest Income 7,013,000 27,375,000 Provision for loan losses (164,000) (683,000) Non-interest income 1,070,000 6,259,000 Non-interest expense 5,625,000 21,760,000 ----------------- ----------------- Income before income taxes 2,294,000 11,191,000 Provision for income taxes (735,000) (3,609,000) ----------------- ----------------- Net Earnings $ 1,559,000 $ 7,582,000 ================= ================= Basic earnings per share $ 0.55 $ 2.67 Diluted earnings per share $ 0.54 $ 2.60 Average assets $ 590,182,000 $ 575,116,000 Average equity $ 61,762,000 $ 58,961,000 Return on average assets 1.06% 1.32% Return on average equity 10.10% 12.86%
"Our solid financial performance during 2006 was indicative of the commitment by our bank to provide our customers the products they want and the superior customer service they deserve. Commitment to our customers and the communities we serve is what differentiates us as a community bank," stated Tom McGraw, Chief Executive Officer. "During 2006, we were able to maintain our net interest margin at 5.26%. Our stable deposit base and growing loan portfolio provide a solid financial start as we prepare for the opportunities of the coming year," noted Mr. McGraw. Cautionary Statement: This release contains certain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those stated herein. Management's assumptions and projections are based on their anticipation of future events and actual performance may differ materially from those projected. Risks and uncertainties which could impact future financial performance include, among others, (a) competitive pressures in the banking industry; (b) changes in the interest rate environment; (c) general economic conditions, either nationally or regionally or locally, including fluctuations in real estate values; (d) changes in the regulatory environment; (e) changes in business conditions or the securities markets and inflation; (f) possible shortages of gas and electricity at utility companies operating in the State of California, and (g) the effects of terrorism, including the events of September 11, 2001, and thereafter, and the conduct of war on terrorism by the United States and its allies. Therefore, the information set forth herein, together with other information contained in the periodic reports filed by FNB Bancorp with the Securities and Exchange Commission, should be carefully considered when evaluating its business prospects. FNB Bancorp undertakes no obligation to update any forward-looking statements contained in this release. -----END PRIVACY-ENHANCED MESSAGE-----