-----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, AHhfVcWmV5j3OqDmcICG/jZAN14I+R7XmTtc6b7UrbDxFCHEs5kJDzVxWP5J4PHF KTiZdwgmfDS4gqw43Plu9w== /in/edgar/work/20000726/0000318300-00-000027/0000318300-00-000027.txt : 20000921 0000318300-00-000027.hdr.sgml : 20000921 ACCESSION NUMBER: 0000318300-00-000027 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000726 ITEM INFORMATION: FILED AS OF DATE: 20000726 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PEOPLES BANCORP INC CENTRAL INDEX KEY: 0000318300 STANDARD INDUSTRIAL CLASSIFICATION: [6022 ] IRS NUMBER: 310987416 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-16772 FILM NUMBER: 678833 BUSINESS ADDRESS: STREET 1: 138 PUTNAM ST STREET 2: P O BOX 738 CITY: MARIETTA STATE: OH ZIP: 45750 BUSINESS PHONE: 7403733155 8-K 1 0001.txt SUPPLEMENTAL FINANCIAL INFORMATION RELEASE 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 July 20, 2000 - ------------------------------------------------ Date of Report (Date of earliest event reported) PEOPLES BANCORP INC. ------------------------------------------------------ (Exact name of Registrant as specified in its charter) 0-16772 Commission File Number Ohio 31-0987416 - ---------------------------------------------- ------------- (State or other jurisdiction of incorporation) (I.R.S. Employer Identification Number) 138 Putnam Street P.O. Box 738, Marietta, Ohio 45750 - -------------------------------- ------------- (Address of principal executive offices) Zip Code) Registrant's telephone number, including area code: (740) 373-3155 Not applicable ----------------------------------------------------------- (Former name or former address, if changed since last report) Index to Exhibits on page 3 Item 1. Changes in Control of Registrant Not applicable. Item 2. Acquisition or Disposition of Assets Not applicable. Item 3. Bankruptcy or Receivership Not applicable. Item 4. Changes in Registrant's Certifying Accountant Not applicable. Item 5. Other Events On July 20 2000, Peoples Bancorp Inc. set forth supplemental unaudited financial information for the period ended June 30, 2000. The release is included herewith as Exhibit 99. Item 6. Resignations of Registrant's Directors Not applicable. Item 7. Financial Statements and Exhibits (a) Non required (b) Non required (c) Exhibits. EXHIBIT NUMBER DESCRIPTION 99 News Release issued July 20, 2000 Item 8. Change in Fiscal Year Not applicable. Item 9. Sales of Equity Securities Pursuant to Regulation S Not applicable. 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. DATE: July 26, 2000 PEOPLES BANCORP INC. -------------------- Registrant By: /s/ ROBERT E. EVANS Robert E. Evans President and Chief Executive Officer INDEX TO EXHIBITS Exhibit Number Description Page - -------------------- --------------------------------- --------------- 99 News Release issued July 20, 2000 4 - 6 EX-99 2 0002.txt SUPPLEMENTAL FINANCIAL INFO RELEASE EXHIBIT 99 NEWS RELEASE FOR IMMEDIATE RELEASE Contact: John W. Conlon, Chief Financial Officer - --------------------------- July 20, 2000 (740) 373-3155 PEOPLES BANCORP INC. (Nasdaq: PEBO) Supplemental Unaudited Financial Information for the period ended June 30, 2000 - ------------------------------------------------------------------------------- The following sets forth selected unaudited financial data and other operating information of Peoples Bancorp Inc. for the period ended June 30, 2000:
BALANCE SHEET ------------- -------------- (dollars in thousands, except per share data) June 30, December 31, 2000 1999 ------------- -------------- ASSETS Cash and cash equivalents $ 27,992 $ 43,751 Available-for-sale investment securities, at estimated fair value 326,660 328,306 Loans, net of unearned interest 701,413 659,833 Allowance for loan losses (10,914) (10,264) ------------- -------------- Net loans 690,499 649,569 Bank premises and equipment, net 15,791 15,321 Goodwill 16,565 17,428 Other intangible assets 2,436 2,726 Other real estate owned 211 207 Other assets 21,198 18,142 ------------- -------------- TOTAL ASSETS $ 1,101,352 $ 1,075,450 ============= ============== LIABILITIES Non-interest bearing deposits $ 79,687 $ 83,267 Interest bearing deposits 650,215 644,940 ------------- -------------- Total deposits 729,902 728,207 Federal funds purchased, securities sold under repurchase agreements, and other short term borrowings 122,785 87,439 Long-term borrowings 138,674 150,338 Accrued expenses and other liabilities 8,108 7,606 ------------- -------------- TOTAL LIABILITIES 999,469 973,590 Guaranteed preferred beneficial interests in junior subordinated debentures 29,003 28,986 STOCKHOLDERS' EQUITY Common stock, no par value, 12,000,000 shares authorized, 6,666,859 shares issued at June 30, 2000, and 6,387,509 shares issued at December 31, 1999 66,296 65,043 Accumulated comprehensive income, net of deferred income taxes (9,941) (7,654) Retained earnings 19,566 26,241 Treasury stock, at cost, 139,767 shares at June 30, 2000, and 398,662 shares at December 31, 1999 (3,041) (10,756) ------------- -------------- TOTAL STOCKHOLDERS' EQUITY 72,880 72,874 ------------- -------------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,101,352 $ 1,075,450 ============= ==============
PEOPLES BANCORP INC. (Nasdaq: PEBO) Supplemental Unaudited Financial Information for the period ended June 30, 2000 - - Page 2 of 3 -
-------------------------------- ------------------------------- STATEMENTS OF INCOME Three Months Ended Six Months Ended (dollars in thousands, except per share data) June 30, June 30, 2000 1999 2000 1999 ----------- ----------- ----------- ---------- Interest income $ 20,924 $ 17,622 $ 41,036 $ 33,607 Interest expense 10,699 8,162 20,707 15,404 ----------- ----------- ----------- ---------- Net interest income 10,225 9,460 20,329 18,203 Provision for loan losses 600 447 1,122 984 ----------- ----------- ----------- ---------- Net interest income after provision for loan losses 9,625 9,013 19,207 17,219 Net (loss) gain on securities transactions (45) 1 (56) 1 Net (loss) gain on disposal of assets (140) (5) (145) (5) Non-interest income: Service charges on deposits 898 758 1,730 1,458 Trust revenues 628 613 1,326 1,279 Insurance commissions 330 115 443 243 Electronic banking revenues 310 254 592 494 Other non-interest income 67 75 270 185 ----------- ----------- ----------- ---------- Total non-interest income 2,233 1,815 4,361 3,659 Non-interest expense: Salaries and benefits expense 3,302 2,877 6,595 5,781 Occupancy and equipment expense 1,018 931 1,994 1,830 Amortization of intangibles 571 657 1,142 1,313 Other non-interest expense 2,903 2,610 5,617 4,386 ----------- ----------- ----------- ---------- Total non-interest expense 7,794 7,075 15,348 13,310 ----------- ----------- ----------- ---------- Income before income taxes 3,879 3,749 8,019 7,564 Income taxes 1,179 1,201 2,458 2,385 ----------- ----------- ----------- ---------- Net income $ 2,700 $ 2,548 $ 5,561 $ 5,179 =========== =========== =========== ========== Fully tax equivalent net interest income $ 10,473 $ 9,785 $ 20,834 $ 18,831 PER SHARE DATA Net income per share: Basic $ 0.41 $ 0.37 $ 0.85 $ 0.75 Diluted 0.41 0.36 0.84 0.73 Cash basis earnings - diluted (a) 0.47 0.42 0.96 0.86 Dividends declared per share 0.14 0.13 0.28 0.24 Book value per share $ 11.17 $ 12.09 $ 11.17 $ 12.09 Weighted average shares outstanding: Basic 6,515,837 6,910,065 6,520,208 6,928,517 Diluted 6,600,252 7,087,693 6,615,283 7,098,102 ----------- ----------- ----------- ----------- (a) Excludes after-tax impact of intangible amortization expense of intangible assets acquired through use of purchase accounting for acquisitions.
PEOPLES BANCORP INC. (Nasdaq: PEBO) Supplemental Unaudited Financial Information for the period ended June 30, 2000 - - Page 3 of 3 -
------------------------------ ------------------------------- (dollars in thousands) Three Months Ended Six Months Ended June 30, June 30, 2000 1999 2000 1999 ------------------------------ ------------------------------- PERFORMANCE AND ASSET QUALITY RATIOS Return on average equity 15.13% 11.90% 15.41% 12.01% Cash basis return on average equity (a) 23.75% 18.56% 24.20% 18.74% Return on average assets 1.00% 1.04% 1.04% 1.12% Cash basis return on average assets (a) 1.17% 1.26% 1.21% 1.35% Net interest margin (fully tax equivalent) 4.20% 4.35% 4.22% 4.45% Efficiency ratio 56.62% 55.26% 56.38% 53.34% Net loan chargeoffs as a percentage of average loans 0.05% 0.03% 0.07% 0.05% Loans charged off $ 375 $ 319 $ 641 $ 574 Loan recoveries $ 60 $ 137 $ 168 $ 201 -------------- ------------- --------------- -------------- Net loans charged off $ 315 $ 182 $ 473 $ 373 End of period: Allowance for loan losses as a percentage of total loans 1.58% 1.70% 1.58% $ 1.70% Nonperforming loans as a percentage of total loans (b) 0.33% 0.33% 0.33% $ 0.34% Nonperforming assets as a percentage of total assets (c) 0.23% 0.22% 0.23% $ 0.22% Nonperforming assets (end of period): Loans 90+ days past due $ 304 $ 691 $ 304 $ 691 Renegotiated loans $ 573 $ 749 $ 573 $ 749 Nonaccrual loans $ 1,363 $ 528 $ 1,363 $ 528 Other real estate owned $ 211 $ 323 $ 211 $ 323 -------------- ------------- --------------- -------------- Total nonperforming assets $ 2,451 $ 2,291 $ 2,451 $ 2,291 AVERAGE BALANCES Average gross loans $ 686,606 $ 587,808 $ 674,753 $ 579,169 Average earning assets $ 999,137 $ 899,365 $ 988,313 $ 848,805 Average total assets $ 1,078,382 $ 976,482 $ 1,067,579 $ 924,543 Average non-interest bearing deposits $ 82,588 $ 77,822 $ 81,456 $ 76,953 Average interest bearing deposits: Savings $ 86,848 $ 98,323 $ 87,803 $ 98,374 Interest-bearing demand deposits $ 226,911 $ 199,088 $ 221,046 $ 201,984 Time deposits $ 338,448 $ 329,132 $ 342,290 $ 327,980 -------------- ------------- --------------- -------------- Average total interest bearing deposits $ 652,207 $ 626,543 $ 651,139 $ 628,338 Average stockholders' equity $ 71,510 $ 86,909 $ 72,175 $ 86,478 REGULATORY CAPITAL RATIOS (END OF PERIOD) Tier 1 risk-based capital $ 91,427 $ 90,810 $ 91,427 $ 90,810 Tier 1 risk-based capital ratio 12.53% 15.56% 12.53% 15.56% Total risk-based capital (Tier 1 and Tier 2) $ 102,901 $ 101,164 $ 102,901 $ 101,164 Total risk-based capital ratio (Tier 1 and Tier 2) 14.11% 13.97% 14.11% 13.97% Total risk-based assets $ 729,490 $ 649,959 $ 729,490 $ 649,959 Tier 1 Leverage ratio 8.46% 9.54% 8.46% 9.54% -------------- ------------- --------------- -------------- (a) Excludes after-tax impact of intangible amortization expense and removes balance sheet effect of intangible assets acquired through use of purchase accounting for acquisitions. (b) Nonperforming loans include loans 90 days past due and accruing, renegotiated loans, and nonaccrual loans. (c) Nonperforming assets include loans 90 days past due and accruing, renegotiated loans, nonaccrual loans, and other real estate owned. END OF RELEASE
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