-----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, ELfDI1z5hgT7CeXOLZgJs/OEPsF2n5k1m0r9Qy7qYvnqJT1KHFI+yknIl+qiEa3B E8NtQb/YF5KqUJUwaEdMqw== 0000318300-96-000006.txt : 19960626 0000318300-96-000006.hdr.sgml : 19960626 ACCESSION NUMBER: 0000318300-96-000006 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19951231 FILED AS OF DATE: 19960625 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: PEOPLES BANCORP INC CENTRAL INDEX KEY: 0000318300 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 310987416 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16772 FILM NUMBER: 96585090 BUSINESS ADDRESS: STREET 1: 138 PUTNAM ST STREET 2: P O BOX 738 CITY: MARIETTA STATE: OH ZIP: 45750 BUSINESS PHONE: 6143746163 11-K 1 PEOPLES BANCORP INC. RETIREMENT SAVINGS PLAN PEOPLES BANCORP INC. RETIREMENT SAVINGS PLAN MARIETTA, OHIO FINANCIAL STATEMENTS December 31, 1995 CONSENT OF INDEPENDENT AUDITORS To the Plan Administrative Committee Peoples Bancorp Inc. Retirement Savings Plan Marietta, Ohio We consent to incorporation by reference of our report dated February 16, 1996 relating to the statement of net assets available for benefits with fund information of Peoples Bancorp Inc. Retirement Savings Plan as of December 31, 1995 and the related statement of changes in net assets available for benefits with fund information for the year then ended, which appears in Peoples Bancorp Inc.'s Form 11K for 1995. /s/ HARMAN, THOMPSON, MALLORY & ICE, A.C. Harman, Thompson, Mallory & Ice, A.C. Certified Public Accountants Parkersburg, West Virginia April 1, 1996 PEOPLES BANCORP INC. RETIREMENT SAVINGS PLAN MARIETTA, OHIO FINANCIAL STATEMENTS TABLE OF CONTENTS STATEMENT PAGE Independent Accountants' Report 1 Statements of Net Assets Available for Benefits With Fund Information at December 31, 1995 and 1994 I 2-3 Statements of Changes in Net Assets Available for Benefits With Fund Information for the Years Ended December 31, 1995 and 1994 II 4-5 Notes to Financial Statements 6-11 SUPPLEMENTARY INFORMATION: Form 5500 - Schedule G 13-16 INDEPENDENT ACCOUNTANTS' REPORT To the Plan Administrative Committee Peoples Bancorp Inc. Retirement Savings Plan Marietta, Ohio We have audited the accompanying statement of net assets available for benefits with fund information of Peoples Bancorp Inc. Retirement Savings Plan as of December 31, 1995 and the related statement of changes in net assets available for benefits with fund information for the year then ended. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audit. The financial statements of Peoples Bancorp Inc. Retirement Savings Plan as of December 31, 1994 were audited by other auditors whose report dated March 29, 1995 expressed an unqualified opinion on those statements. We conducted our audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the 1995 financial statements referred to above present fairly, in all material respects, the net assets available for benefits with fund information of Peoples Bancorp Inc. Retirement Savings Plan as of December 31, 1995 and the changes in net assets available for benefits with fund information for the year then ended in conformity with generally accepted accounting principles. Our audit was conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplementary information included in Schedule G - Financial Schedules (IRS Form 5500) is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplementary information has been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole. /s/ HARMAN, THOMPSON, MALLORY & ICE, A.C. Harman, Thompson, Mallory & Ice, A.C. Parkersburg, West Virginia February 16, 1996 PEOPLES BANCORP INC. RETIREMENT SAVINGS PLAN STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS WITH FUND INFORMATION DECEMBER 31, 1995
DECEMBER 31, 1995 ---------------------------------------------------------------------------------------------- PARTICIPANT DIRECTED ---------------------------------------------------------------------------------------------- PEOPLES PEOPLES PEOPLES PEOPLES CERTIFICATES BANCORP INC. SPECIAL VANGUARD STOCK OF DEPOSIT COMMON STOCK STOCK ACORN 500 FUND EB FUND FUND FUND FUND FUND OTHER TOTAL -------- --------- ---------- --------- -------- --------- -------- --------- ASSETS Money Market Funds Fidelity U.S. Treasury Income Portfolio Fund $7,400 $5,700 $9,400 $4,700 $5,100 $2,300 $4,500 $39,100 Investments, at Fair Value Peoples Certificates of Deposit 342,804 342,804 Shares of Common/Collective Trusts: Peoples Stock Fund EB 655,079 655,079 Peoples Special Stock Fund EB 212,604 212,604 Shares of Registered Investment Companies: Acorn Fund 37,527 37,527 Vanguard 500 Fund 50,278 50,278 Peoples Bancorp Inc. Common Stock 2,705,724 2,705,724 Participant Loans Receivable 92,775 92,775 -------- -------- ---------- -------- ------- ------- ------- ---------- Total investments $662,479 $348,504 $2,715,124 $217,304 $42,627 $52,578 $97,275 $4,135,891 -------- -------- ---------- -------- ------- ------- ------- ---------- Cash, Non-Interest Bearing $61 $49 $53 $3 $73 $17 $18,080 $18,336 -------- -------- ---------- -------- ------- ------- ------- ---------- Receivables: Employer's Contribution $539 $291 $1,935 $266 $157 $151 $(2,760) $579 Participants' Contribution 5,629 1,356 9,245 1,644 847 728 (19,449) 0 Interest and Dividends 11,213 2,954 19,535 1,894 54 66 (164) 35,552 -------- -------- ---------- -------- ------- ------- ------- ---------- TOTAL RECEIVABLES $17,381 $4,601 $30,715 $3,804 $1,058 $945 $(22,373) $36,131 -------- -------- ---------- -------- ------- ------- -------- ---------- TOTAL ASSETS $679,921 $353,154 $2,745,892 $221,111 $43,758 $53,540 $92,982 $4,190,358 LIABILITIES Excess Contribution Payable $4,090 0 $5,968 $589 $834 $834 0 $12,315 -------- -------- ---------- -------- ------- ------- -------- ---------- TOTAL LIABILITIES $4,090 0 $5,968 $589 $834 $834 0 $12,315 -------- -------- ---------- -------- ------- ------- -------- ---------- NET ASSETS AVAILABLE FOR BENEFITS $675,831 $353,154 $2,379,924 $220,522 $42,924 $52,706 $92,982 $4,178,043 ======== ======== ========== ======== ======= ======= ======== ========== The accompanying notes are an integral part of these financial statements.
PEOPLES BANCORP INC. RETIREMENT SAVINGS PLAN STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS WITH FUND INFORMATION DECEMBER 31, 1994
DECEMBER 31, 1994 ------------------------------------------------------------------------------------------ PARTICIPANT DIRECTED ------------------------------------------------------------------------------------------ PEOPLES PEOPLES PEOPLES PEOPLES CERTIFICATES BANCORP INC. SPECIAL VANGUARD STOCK OF DEPOSIT COMMON STOCK STOCK ACORN 500 FUND EB FUND FUND FUND EB FUND FUND OTHER TOTAL ----------- ------------ ------------- --------- -------- -------- ------- ------- ASSETS Money Market Funds Fidelity U.S. Treasury Income Portfolio Fund $7,700 $7,700 $15,000 $5,000 $600 $36,000 Investments, at Fair Value Peoples Certificates of Deposit 343,704 343,704 Shares of Common/Collective Trusts: Peoples Stock Fund EB 532,703 532,703 Peoples Special Stock Fund EB 107,796 107,796 Peoples Bancorp Inc. Common Stock 2,364,552 2,364,552 Participant Loans Receivable 36,582 36,582 -------- -------- ---------- ---------- ------- ------- ------- ----------- TOTAL INVESTMENTS $540,403 $351,404 $2,379,552 $112,796 $0 $0 $37,182 $3,421,337 -------- -------- ---------- ---------- ------- ------- ------- ----------- Cash, Non-Interest Bearing $73 $0 $53 $19 $0 $0 $30 $175 -------- -------- ---------- ---------- ------- ------- ------- ----------- Receivables: Employer's Contribution $512 $218 $1,711 $319 $0 $0 $0 $2,760 Participant's Contribution 2,597 1,108 8,682 1,614 0 0 (630) 13,371 Interest and Dividends 3,505 2,139 14,693 547 0 0 0 20,884 -------- -------- ---------- ---------- ------- ------- -------- ----------- TOTAL RECEIVABLES $6,614 $3,465 $25,086 $2,480 $0 $0 $(630) $37,015 -------- -------- ---------- ---------- -------- ------ -------- ----------- TOTAL ASSETS $547,090 $354,869 $2,404,691 $115,295 $0 $0 $36,582 $3,458,527 -------- -------- ---------- ---------- -------- ------- -------- ----------- LIABILITIES Excess Contribution Payable $4,407 $175 $5,125 $351 $0 $0 $0 $10,058 -------- -------- ---------- ---------- -------- ------- -------- ---------- TOTAL LIABILITIES $4,407 $175 $5,125 $351 $0 $0 $0 $10,058 -------- -------- ---------- ---------- -------- ------- -------- ---------- NET ASSETS AVAILABLE FOR BENEFITS $542,683 $354,694 $2,399,566 $114,944 $0 $0 $36,582 $3,488,469 ======== ======== ========== ========== ======== ======= ======== =========== The accompanying notes are an integral part of these financial statements.
PEOPLES BANCORP INC. RETIREMENT SAVINGS PLAN STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS WITH FUND INFORMATION DECEMBER 31, 1995
DECEMBER 31, 1995 -------------------------------------------------------------------------------------------- PARTICIPANT DIRECTED -------------------------------------------------------------------------------------------- PEOPLES PEOPLES PEOPLES PEOPLES CERTIFICATES BANCORP INC. SPECIAL VANGUARD STOCK OF DEPOSIT COMMON STOCK STOCK ACORN 500 FUND EB FUND FUND FUND EB FUND FUND OTHER TOTAL --------- ----------- ------------ --------- ---------- ---------- ------- ------ ADDITIONS Additions to Net Assets Attributed To: Investment Income: Net Appreciation (Depreciation) in Fair Value of Investments $129,017 $0 $205,902 $23,037 $(2,373) $(4,110) $0 $3,473 Interest 377 22,958 949 346 161 201 7,180 32,172 Dividends 22,320 0 68,970 4,493 2,815 4,158 0 102,756 --------- -------- ----------- ------- -------- -------- ------- --------- TOTAL INVESTMENT INCOME $151,714 $22,958 $275,821 $27,876 $603 $249 $7,180 $486,401 --------- -------- ----------- ------- -------- -------- ------- --------- Contributions: Participant's $71,800 $30,634 $203,744 $26,239 $3,939 $3,508 $0 $359,864 Employer's 14,086 7,499 51,523 7,993 1,044 1,022 0 83,167 --------- ------- ---------- -------- -------- -------- ------- --------- TOTAL CONTRIBUTIONS $85,886 $38,133 $255,267 $54,232 $4,983 $4,530 $0 $443,031 --------- ------- ---------- -------- -------- -------- ------- --------- TOTAL ADDITIONS $237,600 $61,091 $531,088 $82,108 $5,586 $4,779 $7,180 $929,432 --------- ------- ---------- -------- -------- -------- ------- -------- DEDUCTIONS Deductions from Net Assets Attributed To: Benefits Paid to Participants $15,689 $26,106 $148,973 $3,482 $0 $0 $5,608 $199,858 --------- ------- ---------- -------- -------- -------- ------- -------- TOTAL DEDUCTIONS $15,689 $26,106 $148,973 $3,482 $0 $0 $5,608 $199,858 --------- ------- ---------- ------- -------- -------- ------- -------- Net Increase Prior to Interfund Transfers $221,911 $34,985 $382,115 $78,626 $5,586 $4,779 $1,572 $729,574 Interfund Transfers (88,763) (36,525) (41,757) 26,952 37,338 47,927 54,828 --------- ------- ---------- ------- -------- -------- ------- -------- NET INCREASE (DECREASE) $133,148 $(1,540) $340,358 $105,578 $42,924 $52,706 $56,400 $729,574 NET ASSETS AVAILABLE FOR BENEFITS Beginning of Year 542,683 354,694 2,399,566 114,944 0 0 36,582 3,448,469 --------- -------- ---------- --------- -------- ------- ------- ---------- END OF YEAR $675,831 $353,154 $2,739,924 $220,924 $42,924 $52,706 $92,982 $4,178,043 ========= ========= ========== ========= ======== ======= ======== ========== The accompanying notes are an integral part of these financial statements.
PEOPLES BANCORP INC. RETIREMENT SAVINGS PLAN STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS WITH FUND INFORMATION DECEMBER 31, 1994
DECEMBER 31, 1994 ---------------------------------------------------------------------------------- PARTICIPANT DIRECTED ---------------------------------------------------------------------------------- PEOPLES PEOPLES PEOPLES PEOPLES CERTIFICATES BANCORP INC. SPECIAL VANGUARD STOCK OF DEPOSIT COMMON STOCK STOCK ACORN 500 FUND EB FUND FUND FUND EB FUND FUND OTHER TOTAL ----------- ------------ ------------ -------- -------- ------- --------- ------ ADDITIONS Additions to Net Assets Attributed To: Investment Income: Net Appreciation (Depreciation) in Fair Value of Investments $(24,337) $0 $284,806 $(6,022) $0 $0 $0 $254,447 Interest 258 21,074 595 144 0 0 3,981 26,052 Dividends 12,812 0 54,437 2,405 0 0 0 69,654 ---------- --------- ---------- --------- ---- -------- --------- --------- TOTAL INVESTMENT INCOME $(11,267) $21,074 $339,838 $(3,473) $0 $0 $3,981 $350,153 ---------- --------- ---------- --------- ---- -------- --------- --------- Contributions: Participants' $66,095 $25,478 $192,150 $34,348 $0 $0 $0 $318,071 Employer's 15,438 6,985 53,024 7,248 0 0 0 82,695 ---------- ------- --------- --------- ------ -------- --------- -------- TOTAL CONTRIBUTIONS $81,533 $32,463 $245,174 $41,596 $0 $0 $0 $400,766 ---------- ------- --------- --------- ------ -------- --------- -------- TOTAL ADDITIONS $70,266 $53,537 $585,012 $38,123 $0 $0 $3,981 $750,919 ---------- -------- --------- --------- ------ -------- --------- -------- DEDUCTIONS Deductions from Net Assets Attributed To: Benefits Paid to Participants $4,573 $18,174 $13,771 $1,328 $0 $0 $2,407 $40,253 ---------- -------- -------- --------- ------ -------- ------- ------- TOTAL DEDUCTIONS $4,573 $18,174 $13,771 $1,328 $0 $0 $2,407 $40,253 ---------- -------- -------- --------- ------ -------- ------- ------- Net Increase Prior to Interfund Transfers $65,693 $35,363 $571,241 $36,795 $0 $0 $1,574 $710,666 Interfund Transfers 7,359 (21,689) 8,531 30,137 0 0 (24,338) 0 ---------- --------- -------- ---------- ------ -------- -------- -------- NET INCREASE (DECREASE) $73,052 $13,764 $579,772 $66,932 $0 $0 $(22,764) $710,666 NET ASSETS AVAILABLE FOR BENEFITS Beginning of Year 469,631 341,020 1,819,794 48,012 0 0 59,346 2,737,803 ---------- -------- ---------- ---------- ------- -------- ------- --------- END OF YEAR $542,683 $354,694 $2,399,566 $114,944 $0 $0 $36,582 $3,448,469 ========== ======== ========== ========== ========= ======== ======= ========== The accompanying notes are an integral part of these financial statements.
PEOPLES BANCORP INC. RETIREMENT SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS NOTE 1: DESCRIPTION OF PLAN The following brief description of Peoples Bancorp Inc. Retirement Savings Plan (the Plan) provides only general information. Participants should refer to the Plan agreement for a more complete description of the Plan's provisions. GENERAL The Plan is a defined contribution plan covering substantially all employees of Peoples Bancorp Inc. and its Subsidiaries (The Peoples Banking and Trust Company and The First National Bank of Southeastern Ohio). The Plan is a qualified trust under Sections 401(a) and 401(k) of the Internal Revenue Code. The Plan is subject to the provisions of ERISA. The Trustee of the Plan is The Peoples Banking and Trust Company. ELIGIBILITY Employees are eligible to participate in the Plan if they work 1,000 hours or more during the year, beginning the first calendar quarter after employment full time or upon reaching 1,000 hours part time. Employees may join the Plan on any calendar quarter January 1, April 1, July 1, or October 1. CONTRIBUTIONS Participants may elect to contribute up to 15% of pretax annual compensation and an additional 10% of after tax annual compensation. Participants may also contribute amounts representing distributions from other qualified plans. In addition, Peoples Bancorp Inc. or its Subsidiaries will make a matching contribution on the employee's behalf. The amount of this matching contribution will be determined each year by the Employer's Board of Directors. For 1995, the Employer's matching was 50% of the employee's contribution, up to a maximum of 3% of the employee's annual compensation. PARTICIPANT ACCOUNTS Each participant's account is credited with the participant's contribution and allocations of the Employer's matching contribution and Plan earnings. Allocations are based on participants' earnings or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant's account. VESTING Participants are immediately fully vested in their voluntary contributions, the Employer's matching contributions, and actual earnings thereon. INVESTMENT OPTIONS Upon enrollment in the Plan, a participant may direct contributions into any of six investment options. - The Peoples Stock Fund EB is a common stock fund which consists of a diversified portfolio of high-quality common stocks. - The Certificate of Deposit Fund is a fixed income fund which consists of investments in deposit instruments of The Peoples Banking and Trust Company. - The Peoples Bancorp Stock Fund consists of common shares of Peoples Bancorp Inc. If the participant invests in common shares of the Employer, the participant is entitled to vote proxies representing Employer common shares equal to the number of whole common shares in the participant's account and, when entitled to a distribution, may elect to receive common shares instead of cash. - The Peoples Special Stock Fund EB is a common stock fund which consists of a diversified portfolio of small company common stocks and common stock mutual funds. - The Acorn Fund is a common stock fund managed by Wanger Asset Management, L.P. which consists of a diversified portfolio of common stocks of small and medium sized companies in the United States and overseas. - The Vanguard S&P 500 Index Fund is a common stock fund managed by the Vanguard Group of Investment Companies which consists of a diversified portfolio of common stocks of large companies in the United States. Participants may change their investment options quarterly. PARTICIPANT LOANS RECEIVABLE Participants may apply for a loan from their account under the Plan. Certain legal restrictions impose limits on the amount of the loan and repayment terms. The maximum loan amount is $50,000. The specific limit for any participant is 50% of their account balance. If a participant has an existing loan at the time of application, the $50,000 limit is reduced by the highest outstanding balance of the participant's loan over the previous twelve-month period or the total of all outstanding loans the day the new loan is granted. Generally, the participant's loan must be repaid within five years, unless the proceeds are used to purchase a principal residence. PAYMENT OF BENEFITS The participant's benefit will equal the sum of the salary deferral, the voluntary nondeductible contribution, the rollover contribution, and the Employer's matching contribution plus net income and net losses resulting from the investment of these amounts as valued on the valuation date as defined. Payment of such amounts upon termination of employment may be deferred until the participant reaches normal retirement, becomes eligible for early retirement benefits, terminates employment prior to retirement, becomes disabled, or dies. If the benefit is $3,500 or less, the benefit will be paid in a lump-sum payment. If the benefit exceeds $3,500, the participant may elect to have benefits paid in a lump-sum payment or in equal installments over a fixed period of time not to exceed ten years. If a participant dies without a surviving spouse, either before or after retirement, but before a complete distribution of their accounts, then the full value of the participant's accounts will be paid to a designated beneficiary. If a participant dies with a surviving spouse, either before or after retirement, but before a complete distribution of their accounts, then the full value of the participant's accounts will be paid to the surviving spouse. NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF ACCOUNTING The financial statements of the Plan are prepared using the accrual method of accounting. ESTIMATES The preparation of financial statements in conformity with generally accepted accounting principles requires the plan administrator to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results may differ from those estimates. INVESTMENT VALUATION AND INCOME RECOGNITION Shares of the common/collective trusts, Peoples Stock Fund EB, and Peoples Special Stock Fund EB, are valued at the Plan's proportionate share of net shares of the fund as of the most recent valuation date. Shares of the registered investment companies, Acorn Fund and Vanguard 500 Fund, are valued at quoted market prices which represent the net asset value of shares held by the Plan at year end. Investment in Peoples Bancorp Inc. common stock is carried at quoted market prices. The investment in The Peoples Banking and Trust Company certificates of deposit and the participant loans are recorded at cost which approximates fair market value. Dividends and interest received from investments are recorded as earned on an accrual basis. The Plan presents in the Statement of Changes in Net Assets Available for Benefits the net appreciation (depreciation) in the fair value of its investments which consists of the realized gains or losses and the unrealized appreciation (depreciation) on those investments. PAYMENT OF BENEFITS Benefits are recorded when paid. NOTE 3: INVESTMENTS The Plan's investments are held by a bank-administered trust fund. The following table presents the fair values of investments. Investments that represent 5% or more of the Plan's net assets are identified with an asterisk.
DECEMBER 31, ----------------------------------------------- 1995 1994 ------------------------ --------------------- UNITS FAIR VALUE UNITS FAIR VALUE INVESTMENTS AT FAIR VALUE AS DETERMINED BY QUOTED MARKET PRICE: Fidelity U.S. Treasury Income Portfolio Fund 39,100 $39,100 36,000 $36,000 Acorn Fund 2,759.336 37,527 Vanguard 500 Fund 872.879 50,278 * Peoples Bancorp Inc. Common Stock 114,528 2,705,724 98,528 2,364,552 ---------- ---------- $2,832,629 $2,400,552 ---------- ---------- INVESTMENTS AT ESTIMATED FAIR VALUE: * Peoples Certificates of Deposit 342,804 $342,804 343,704 $343,704 * Peoples Stock Fund EB 11,232 655,079 11,341 532,703 * Peoples Special Stock Fund EB 6,702 212,604 3,986 107,796 Participants Loans Receivable 92,775 92,775 36,582 36,582 ---------- ---------- $1,303,262 $1,020,785 ---------- ---------- TOTAL INVESTMENTS $4,135,891 $3,421,337 ========== ==========
The Plan was issued 10,366 shares of Peoples Bancorp Inc. common stock on October 25, 1995 for a 10% stock dividend. On April 26, 1994, the Plan received 45,226 shares of Peoples Bancorp Inc. common stock from a 2-for-1 stock split. During 1995, the Plan's investments (including investments bought, sold, and held during the year) appreciated (depreciated) in value by $351,473 as follows: 1995 APPRECIATION (DEPRECIATION) CHANGES IN INVESTMENTS REPORTED AT FAIR VALUE AS DETERMINED BY QUOTED PRICE Acorn Fund $(2,373) Vanguard 500 Fund (4,110) Peoples Bancorp Inc. Common Stock 205,902 --------- $199,419 --------- CHANGES IN INVESTMENTS REPORTED AT ESTIMATED FAIR VALUE Peoples Stock Fund EB $129,017 Peoples Special Fund EB 23,037 --------- $152,054 --------- NET CHANGE IN FAIR VALUE $351,473 ========= NOTE 4: RELATED PARTY TRANSACTIONS Certain Plan investments such as certificates of deposit and shares in the common/collective trusts are managed by The Peoples Banking and Trust Company, a subsidiary of Peoples Bancorp Inc. The Peoples Banking and Trust Company is also the trustee as defined by the Plan and, therefore, these transactions qualify as party-in-interest. NOTE 5: PAYMENT OF EXPENSES The Corporation elected to pay all the administrative expenses and investment costs of the Plan. Should the Corporation elect not to pay all or part of such expenses, the Trustee then pays these expenses from the Plan. NOTE 6: PLAN TERMINATION Although it has not expressed any intent to do so, Peoples Bancorp Inc. has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become 100% vested in their accounts. NOTE 7: TAX STATUS The Internal Revenue Service has determined and informed the Corporation by letter dated July 20, 1987, stating that the Plan constitutes a qualified trust under Sections 401(a) and 401(k) of the Internal Revenue Code and is, therefore, exempt from Federal income taxes under the provisions of Section 501(a). The Plan has been amended since receiving the determination letter. However, the plan administrator and the Plan's tax counsel believe that the Plan is designed and is currently being operated in compliance with the applicable requirements of the Internal Revenue Code. Therefore, no provision for income taxes has been included in the Plan's financial statements. SUPPLEMENTARY INFORMATION INTERNAL REVENUE SERVICE FORM 5500 - SCHEDULE G EMPLOYER IDENTIFICATION NUMBER 31-0987416 NAME OF PLAN SPONSOR AS SHOWN ON LINE 1A OF FORM 5500 Peoples Bancorp Inc. NAME OF PLAN Peoples Bancorp Inc. Retirement Savings Plan PART I Schedule of Assets Held for Investment Purposes - See Form 5500, Item 27a IDENTITY OF ISSUE, BORROWER, LESSOR, OR DESCRIPTION CURRENT SIMILAR PARTY OF INVESTMENT COST VALUE - ---------------------- ----------------- ---------- ---------- Fidelity U.S. Treasury Money Market Fund Income Portfolio Fund 39,100 shares $39,100 $39,100 The Peoples Banking and Certificates of Deposit Trust Company 6.65% due 08/27/96 27,000 27,000 7.00% due 10/02/96 16,100 16,100 7.15% due 11/04/96 11,900 11,900 6.75% due 12/12/96 34,700 34,700 6.00% due 02/26/97 47,500 47,500 6.85% due 05/05/97 20,000 20,000 6.85% due 07/18/97 15,900 15,900 5.60% due 06/14/98 14,804 14,804 5.35% due 10/19/98 1,800 1,800 5.60% due 12/14/98 13,000 13,000 5.05% due 04/19/99 10,000 10,000 6.27% due 05/19/99 23,000 23,000 6.10% due 06/29/99 26,000 26,000 6.10% due 07/05/99 17,000 17,000 5.60% due 07/27/99 15,400 15,400 6.10% due 08/31/99 16,700 16,700 6.10% due 09/14/99 22,000 22,000 Peoples Stock Fund EB Common/Collective Trust 11,282 shares 462,314 655,079 Peoples Special Stock Common/Collective Trust Fund EB 6,702 shares 190,658 212,604 Acorn Fund Registered Investment Company - 2,759.336 shares 39,900 37,527 Vanguard 500 Fund Registered Investment Company - 872.879 shares 50,400 50,278 Peoples Bancorp Inc. Common Stock - 114,528 shares 1,514,627 2,705,724 Loans to Participants Varied terms through 2000 varied interest rates from 8.0% to 11.0% 92,775 92,775 ---------- ---------- Total Investments $2,732,578 $4,135,891 ========== ========== PART II Schedule of Assets Held for Investment Purposes That Were Both Acquired and Disposed of Within the Plan Year - See Form 5500, Item 27a IDENTITY OF ISSUE, BORROWER, LESSOR, OR DESCRIPTION COST OF PROCEEDS OF SIMILAR PARTY OF INVESTMENT ACQUISITIONS DISPOSITIONS - ------------------- --------------- -------------- -------------- Acorn Fund Registered Investment Company - 3,485,476 shares 50,400 45,869 PART III Schedule of Loans or Fixed Income Obligations - See Form 5500, Item 27b NONE. PART IV Schedule of Leases in Default or Classified as Uncollectible - See Form 5500, Item 27c NONE. PART V Schedule of Reportable Transactions - See Form 5500, Line 27d EXPENSE CURRENT VALUE NET INCURRED COST OF ASSET ON GAIN IDENTITY OF PURCHASE SELLING LEASE WITH OF TRANSACTION OR PARTY INVOLVED DESCRIPTION OF ASSET PRICE PRICE RENTAL TRANSACTION ASSET DATE (LOSS) - -------------- ------------------------ ---------- -------- -------- ----------- --------- ------------- ------- Fidelity U.S. Money Market Fund Treasury Income Portfolio Fund Number of Purchases 238 $1,362,700 $0 $0 $1,362,700 Number of Sales 118 $1,359,600 0 0 $1,359,600 $1,359,600 $0 Peoples Bancorp Inc. Common Stock Number of Purchases 13 214,989 0 0 214,989 Number of Sales 3 73,116 0 0 43,771 73,116 $29,345
PART VI Schedule of Nonexempt Transactions - See Form 5500, Item 27e NONE. PART VII Schedule of Nonexempt Transactions - See Form 5500, Item 27f NONE. -----END PRIVACY-ENHANCED MESSAGE-----