NT 10-Q 1 a10-12770_1nt10q.htm NT 10-Q

 

 

 

 

 

OMB APPROVAL

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 12b-25

 

NOTIFICATION OF LATE FILING

 

OMB Number: 3235-0058
Expires: May 31, 2012
Estimated average burden hours per response . . . 2.50

SEC FILE NUMBER
000 - 51901

CUSIP NUMBER
802235 101

 

(Check one):

 

o Form 10-K

o Form 20-F

o Form 11-K

x Form 10-Q

o Form 10-D

 

 

o Form N-SAR

o Form N-CSR

 

 

 

 

 

 

 

 

 

 

 

 

For Period Ended:

June 30, 2010

 

 

o Transition Report on Form 10-K

 

 

 

 

o Transition Report on Form 20-F

 

 

 

 

o Transition Report on Form 11-K

 

 

 

 

o Transition Report on Form 10-Q

 

 

 

 

o Transition Report on Form N-SAR

 

 

 

 

For the Transition Period Ended:

 

 

Read Instructions (on back page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

 

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:


 

PART I — REGISTRANT INFORMATION

 

Santa Lucia Bancorp

Full Name of Registrant

 

n/a

Former Name if Applicable

 

7480 E1 Camino Real

Address of Principal Executive Office (Street and Number)

 

Atascadero, CA 93433

City, State and Zip Code

 

PART II — RULES 12b-25(b) AND (c)

 

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

 

 

(a)

The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense

x

(b)

The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and

 

(c)

The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

 

PART III — NARRATIVE

 

Santa Lucia Bancorp (the “Company”) is unable to file its Quarterly Report on Form 10-Q for the period ending June 30, 2010 (the “June 2010 Form 10-Q”) by August 16, 2010, as the Company requires additional time in order to complete the presentation of its financial statements and the analysis thereof.  The Company has been working diligently to complete its financial statement presentation and analysis thereof, has been working closely with its banking examiners in doing so, and is unable to file the June 2010 Form 10-Q within the prescribed time period without unreasonable effort or expense. The Company intends to file the 2010 Form 10-Q within the 5 additional calendar days afforded by this Form 12b-25.

 



 

(Attach extra Sheets if Needed)

PART IV — OTHER INFORMATION

 

(1)

Name and telephone number of person to contact in regard to this notification

 

John C. Hansen

 

805

 

466-7087

 

(Name)

 

(Area Code)

 

(Telephone Number)

 

 

(2)

Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).

 

 

 

 

 

 

 

x Yes    o No

 

 

 

 

 

 

(3)

Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?

 

 

 

 

 

 

 

x Yes    o No

 

 

 

 

 

 

 

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

 

 

 

For the six months ending June 2010, the Company expects to report a net loss of between $8.9 million, compared to net earnings of $468 thousand for the six months ended June 30, 2009.  Significant changes in 2010 results compared to 2009 include an increase in the provision for loan losses associated with loan charge-offs and increased levels of nonperforming and other problem loans of $8.4 million and an increase in income tax expense of over $500 thousand primarily related to increasing the valuation allowance on deferred tax assets to 100% of the related asset at June, 2010.  The Company expects to report total assets of approximately $265 million at June 30, 2010, compared to approximately $272 million in June 2009.

 

Santa Lucia Bancorp


(Name of Registrant as Specified in Charter)

 

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date

August 16, 2010

 

By

/s/ John C. Hansen

 

 

 

 

John C. Hansen

 

 

 

 

President and CEO

 

INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representative’s authority to sign on behalf of the registrant shall be filed with the form.

 

 

ATTENTION

 

Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

 

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