SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 10-Q/A
Quarterly Report
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
For the Quarterly Period Ended June 30, 2012
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
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes S No £
Indicate by check mark whether the registrant has submitted electronically and posted on its Web site, if any, every Interactive Data File requir514to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes S No £
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer £ | Accelerated filer £ | ||
Non-accelerated filer S | Smaller reporting company £ |
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes £ No S
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: Common Stock as of August 3, 2012: 3,514,745 shares.
FNB Bancorp
Explanatory Note
The purpose of this Amendment No. 1 on Form 10-Q/A to FNB Bancorp’s quarterly report on Form 10-Q for the period ended June 30, 2012, filed with the Securities and Exchange Commission on August 14, 2012 is solely to furnish Exhibit 101 to the Form 10-Q in accordance with Rule 405 of Regulation S-T. Exhibit 101 consists of the following materials from FNB Bancorp’s Form 10-Q, formatted in XBRL (eXtensible Business Reporting Language):
101.INS | XBRL Instance Document | |
101.SCH | XBRL Taxonomy Schema | |
101.CAL | XBRL Taxonomy Calculation Linkbase | |
101.DEF | XBRL Taxonomy Definition Linkbase | |
101.LAB | XBRL Taxonomy Label Linkbase | |
101.PRE | XBRL Taxonomy Presentation Linkbase |
No other changes have been made to the Form 10-Q. This Amendment No. 1 speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-Q.
Pursuant to Rule 406T of Regulation S-T, the interactive data files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.
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 thereunto duly authorized.
FNB Bancorp | |
Date: August 16, 2012 | /s/ David A. Curtis |
David A. Curtis | |
Senior Vice President and Chief Financial Officer | |
(Principal Accounting Officer) |
NOTE E - LOANS (Detail) - Modifications As Of December 31, 2011 (USD $)
In Thousands, unless otherwise specified |
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2011
|
---|---|---|---|
NumberOfContracts
|
|||
Commercial & industrial | $ 5 | ||
Real estate 1 to 4 family | 2 | ||
Commercial real estate | 6 | ||
Real estate multi family | 1 | ||
Total | 14 | 14 | |
Pre-ModificationOutstandingRecordedInvestment
|
|||
Commercial & industrial | 2,925 | 2,987 | |
Real estate 1 to 4 family | 994 | 1,004 | |
Commercial real estate | 6,021 | 9,173 | |
Real estate multi family | 3,262 | 3,283 | |
Total | 13,606 | 13,202 | 16,447 |
Post-ModificationOutstandingRecordedInvestment
|
|||
Commercial & industrial | 2,925 | 2,987 | |
Real estate 1 to 4 family | 994 | 1,004 | |
Commercial real estate | 6,021 | 9,173 | |
Real estate multi family | 3,262 | 3,283 | |
Total | $ 13,202 | $ 16,447 |
NOTE F - FAIR VALUE MEASUREMENT (Detail) - Fair Value MeasurementsAtDecember31,2011OnANon-Recurring Basis (USD $)
In Thousands, unless otherwise specified |
Jun. 30, 2012
|
Dec. 31, 2011
|
---|---|---|
FairValueAtLevel3
|
||
Impaired loans | $ 8,383 | |
Other real estate owned | 2,747 | |
Total impaired assets measured at fair value | 12,384 | 11,130 |
FairValueDecember312011NonrecurringBasis
|
||
Impaired loans | 8,383 | |
Other real estate owned | 2,747 | |
Total impaired assets measured at fair value | $ 11,130 |
NOTE E - LOANS (Detail) - AllowanceForCreditLosses6MonthsEndedJune302011 (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2012
|
Mar. 31, 2011
|
Jun. 30, 2012
|
Jun. 30, 2011
|
Jun. 30, 2012
Total
|
Jun. 30, 2011
Total
|
Jun. 30, 2012
Total
|
Jun. 30, 2011
Total
|
Jun. 30, 2011
RealEstate1to4Family
|
Jun. 30, 2011
RealEstate1to4Family
|
Jun. 30, 2011
Commercial real estate construction
|
Jun. 30, 2012
Commercial and Industrial
|
Jun. 30, 2012
Commercial and Industrial
|
Jun. 30, 2011
Commercial and Industrial
|
Jun. 30, 2011
Commercial real estate
|
Jun. 30, 2012
Commercial real estate
|
Jun. 30, 2012
Consumer loans
|
Jun. 30, 2012
Consumer loans
|
Jun. 30, 2011
Consumer loans
|
|
Beginning balance | $ 8,287 | $ 9,784 | $ 9,897 | $ 9,524 | $ 1,605 | $ 1,233 | $ 1,999 | $ 1,628 | $ 1,618 | $ 2,102 | $ 4,103 | $ 63 | $ 100 | $ 87 | |||||
Charge-offs | (367) | (475) | (2,392) | (678) | (312) | (1,487) | (100) | (525) | (1) | (4) | (53) | ||||||||
Recoveries | 138 | 10 | 153 | 23 | 18 | 1 | 5 | 1 | 4 | ||||||||||
Provision | (400) | (400) | (800) | (850) | 850 | 227 | (481) | 282 | 787 | 35 | |||||||||
Ending balance | 9,719 | 9,719 | 1,460 | 1,460 | 1,536 | 46,480 | 46,480 | 2,289 | 4,365 | 235,282 | 2,027 | 2,027 | 69 | ||||||
Ending balance: individually evaluated for impairment | 2,400 | 2,400 | 176 | 176 | 143 | 7,082 | 7,082 | 1,223 | 858 | 9,471 | 10 | 10 | |||||||
Ending balance: collectively evaluated for impairment | $ 7,319 | $ 7,319 | $ 1,284 | $ 1,284 | $ 1,393 | $ 1,066 | $ 3,507 | $ 69 |
NOTE F - FAIR VALUE MEASUREMENT (Detail) - Estimated fair value of financial instruments June 30, 2012 (USD $)
In Thousands, unless otherwise specified |
Jun. 30, 2012
|
Dec. 31, 2011
|
Jun. 02, 2012
FairValueMeasurementsLevel2
|
Dec. 31, 2011
FairValueMeasurementsLevel2
|
Jun. 03, 2012
FairValueMeasurementsLevel3
|
Dec. 31, 2011
FairValueMeasurementsLevel3
|
Jun. 01, 2012
FairValueMeasurementsLevel1
|
Dec. 31, 2011
FairValueMeasurementsLevel1
|
Jun. 30, 2012
CarryingAmount
|
Jun. 30, 2012
FairValue
|
Dec. 31, 2011
FairValue
|
---|---|---|---|---|---|---|---|---|---|---|---|
Cash and cash equivalents | $ 44,856 | $ 44,856 | $ 44,856 | ||||||||
Securities available for sale | 195,164 | 175,030 | 8,384 | 12,634 | 203,548 | 203,548 | 187,664 | ||||
Loans | 455,547 | 445,959 | 12,384 | 8,383 | 461,842 | 467,931 | 454,342 | ||||
Accrued interest receivable | 3,621 | 3,614 | 3,621 | 3,614 | 3,621 | 3,621 | 3,614 | ||||
Accrued interest payable | 297 | 299 | 297 | 297 | 299 | ||||||
Deposits | 105,580 | 546,713 | 651,843 | 652,293 | |||||||
Undisbursed loan commitments, lines of credit, standby letters of credit and Mastercard lines of credit | $ 847 | $ 847 |
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