0000352801-95-000006.txt : 19950811 0000352801-95-000006.hdr.sgml : 19950811 ACCESSION NUMBER: 0000352801-95-000006 CONFORMED SUBMISSION TYPE: 10QSB PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19950630 FILED AS OF DATE: 19950810 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN BANCSHARES OF HOUMA INC CENTRAL INDEX KEY: 0000352801 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 720695017 STATE OF INCORPORATION: LA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10QSB SEC ACT: 1934 Act SEC FILE NUMBER: 000-10241 FILM NUMBER: 95560719 BUSINESS ADDRESS: STREET 1: 801 BARROW ST CITY: HOUMA STATE: LA ZIP: 70360 BUSINESS PHONE: 5048721434 MAIL ADDRESS: STREET 1: P O BOX 110 CITY: HOUMA STATE: LA ZIP: 70360-0110 10QSB 1 U. S. Securities and Exchange Commission Washington, D.C. 20549 Form 10-QSB (Mark One) [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30,_1995 [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT For the transition period from __________ to __________ Commission file number 0-10241 AMERICAN_BANCSHARES_OF_HOUMA,_INC. (Exact name of registrant as specified in its charter) LOUISIANA 72-0695017 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 801_Barrow_Street,_Houma,_Louisiana 70360 (Address of principal executive offices) Issuer's telephone number: (504)_872-1434 Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 _X_. No ___. The number of shares of common stock, $3.00 par value, outstanding as of June 30, 1995, was 229,564. Transitional Small Business Disclosure Format (check one): Yes ___. No _X_. TABLE OF CONTENTS PART I--FINANCIAL INFORMATION Item 1. Financial Statements. Consolidated Statements of Condition - June 30, 1995 and December 31, 1994................................. Consolidated Statements of Income - Periods Ended June 30, 1995 and 1994................................ Consolidated Statements of Changes in Stockholders' Equity - Periods Ended June 30, 1995 and 1994................................ Consolidated Statements of Cash Flows - Periods Ended June 30, 1995 and 1994................................ Notes to Consolidated Financial Statements............................ Item 2. Management's Discussion and Analysis........................... PART II--OTHER INFORMATION Item 1. Legal Proceedings.............................................. Item 6. Exhibits and Reports on Form 8-K............................... SIGNATURES................................................................ AMERICAN BANCSHARES OF HOUMA, INC. Consolidated Statements of Condition June 30, 1995 and December 31, 1994 Thousands of Dollars Unaudited
June 30, Dec. 31, __1995__ __1994__ ASSETS Cash and due from banks.......................................... $ 5,404 $ 4,667 Federal funds sold............................................... __2,600 __5,700 Total cash and cash equivalents....................... 8,004 10,367 Investment securities: Available-for-sale securities at fair value (amortized cost of $16,036 and $9,885 in 1995 and 1994, respectively)........ 16,166 9,608 Held-to-maturity securities at amortized cost (fair value of $7,167 and $8,042 in 1995 and 1994, respectively)............ __7,163 __8,380 Total investment securities........................... 23,329 17,988 Loans............................................................ 50,864 51,652 Less: Unearned income......................................... (158) (161) Allowance for loan losses............................... _(1,037) _(1,133) Loans, net............................................ 49,669 50,358 Premises and equipment........................................... 2,040 1,970 Real estate acquired by foreclosure.............................. 323 335 Other assets..................................................... __1,258 __1,329 Total assets........................................ $ 84,623 $ 82,347 ======= ======= LIABILITIES AND STOCKHOLDERS' EQUITY Deposits (Note 2): Noninterest-bearing............................................ $ 15,836 $ 16,372 Interest-bearing............................................... _58,414 _57,889 Total deposits........................................ 74,250 74,261 Federal funds purchased and securities sold under repurchase agreements.......................................... 393 168 Other liabilities................................................ __1,825 ____394 Total liabilities..................................... _76,468 _74,823 Stockholders' equity: Common stock ($3.00 par value; 1,000,000 shares authorized; 258,737 shares issued)........................... 776 776 Paid-in capital................................................ 4,263 4,263 Retained earnings.............................................. 3,964 3,602 Net unrealized gains (losses) on available-for-sale securities. 86 (183) Treasury stock (Cost of 29,173 shares)......................... ___(934) __(934) Total stockholders' equity............................ __8,155 __7,524 Total liabilities and stockholders' equity.......... $ 84,623 $ 82,347 ======= ======= See notes to consolidated financial statements.
AMERICAN BANCSHARES OF HOUMA, INC. Consolidated Statements of Income Periods Ended June 30, 1995 and 1994 Thousands of Dollars Except for Per Share Data Unaudited
Three_Months_Ended _Six_Months_Ended_ June 30, June 30, June 30, June 30, Interest income: __1995__ __1994__ __1995__ __1994__ Interest and fees on loans.............. $ 1,121 $ 923 $ 2,228 $ 1,765 Taxable securities income............... 341 369 648 754 Nontaxable securities income............ 16 10 33 13 Interest on federal funds sold.......... _____44 _____25 _____80 _____48 Total interest income............... __1,522 __1,327 __2,989 __2,580 Interest expense: Interest on deposits (Note 2)........... 604 406 1,170 787 Interest on federal funds purchased and securities sold under repurchase agreements............................ ______3 ______3 ______5 ______4 Total interest expense.............. ____607 ____409 __1,175 ____791 Net interest income..................... 915 918 1,814 1,789 Provisions for loan losses.............. ____--- ____--- ____--- ______5 Net interest income after provisions for loan losses....................... 915 918 1,814 1,784 Noninterest income, excluding investment securities gains and losses (Note 3).. 314 337 613 675 Investment securities gains (losses).... --- --- (1) --- Noninterest expense (Note 4)............ ____894 ____947 __1,775 __1,694 Earnings before income taxes............ 335 308 651 765 Provision for income taxes.............. ____108 _____95 ____197 ____247 Net earnings............................ $ 227 $ 213 $ 454 $ 518 ======= ======= ======= ======= PER SHARE DATA: Net earnings............................ $ 0.99 $ 0.93 $ 1.98 $ 2.26 ======= ======= ======= ======= Average common shares outstanding....... 229,564 229,564 229,564 229,564 ======= ======= ======= ======= See notes to consolidated financial statements.
AMERICAN BANCSHARES OF HOUMA, INC. Consolidated Statements of Changes in Stockholders' Equity Six Months Ended June 30, 1995 and 1994 Thousands of Dollars Unaudited
Net unreal- ized Gains (Losses) on Available- Common Paid-in Retained Treasury for-Sale Stock_ Capital Earnings _Stock__ Securities_ Total Balance at December 31, 1993.. $ 776 4,263 2,818 (934) 292 7,215 Net earnings.................. --- --- 518 --- --- 518 Change in net unrealized gains or losses on available-for- sale securities............. __--- __--- __--- __--- _(334) _(334) Balance at June 30, 1994...... $ 776 4,263 3,336 (934) (42) 7,399 ===== ===== ===== ===== ===== ===== Balance at December 31, 1994.. $ 776 4,263 3,602 (934) (183) 7,524 Net earnings.................. --- --- 454 --- --- 454 Dividends ($0.40 per share)... (92) (92) Change in net unrealized gains or losses on available-for- sale securities............. __--- __--- __--- __--- __269 __269 Balance at June 30, 1995...... $ 776 4,263 3,964 (934) 86 8,155 ===== ===== ===== ===== ===== ===== See notes to consolidated financial statements.
AMERICAN BANCSHARES OF HOUMA, INC. Consolidated Statements of Cash Flows Six Months Ended June 30, 1995 and 1994 Thousands of Dollars Unaudited
Six_Months_Ended__ June 30, June 30, __1995__ __1994__ Cash flows from operating activities: Interest received....................................... $ 3,045 $ 2,575 Fees and commissions received........................... 669 749 Interest paid........................................... (1,081) (773) Other expenses paid..................................... (1,672) (1,581) Income taxes paid....................................... __(199) ___(27) Net cash provided by operating activities............. ___762 ___943 Cash flows from investing activities: Proceeds from sales of available-for-sale securities.... 999 --- Proceeds from paydowns and maturities of available-for-sale securities...................... 1,074 2,691 Purchases of available-for-sale securities.............. (7,052) (1,530) Proceeds from paydowns and maturities of held-to-maturity securities........................ 1,203 644 Purchases of held-to-maturity securities................ --- (2,167) Loan originations, net of repayments.................... 594 (7,428) Capital expenditures.................................... (164) (194) Proceeds from sales of foreclosed assets................ 61 40 Net decrease (increase) in other assets................. ___(51) ____(4) Net cash provided by (used in) investment activities.. (3,336) (7,948) Cash flows from financing activities: Net increase (decrease) in deposits..................... (11) 4,419 Net increase (decrease) in securities sold under repurchase agreements........................... 225 289 Net increase (decrease) in other liabilities............ ____(3) _____4 Net cash provided by (used in) financing activities... ___211 _4,712 Net increase (decrease) in cash and cash equivalents...... (2,363) (2,293) Cash and cash equivalents at beginning of period.......... 10,367 _7,034 Cash and cash equivalents at end of period................ $ 8,004 $ 4,741 ====== ====== (continued) See notes to consolidated financial statements.
AMERICAN BANCSHARES OF HOUMA, INC. Consolidated Statements of Cash Flows Six Months Ended June 30, 1995 and 1994 Thousands of Dollars Unaudited
Six_Months_Ended__ June 30, June 30, __1995__ __1994__ Reconciliation of net income to net cash provided by operating activities: Net earnings.............................................. $ ___454 $ ___518 Adjustments to reconcile net income to net cash provided by operating activities: Provisions for loan losses............................ --- 5 Investment securities losses.......................... 1 --- Depreciation and amortization of premises and equipment....................................... 93 77 Losses (gains) on disposals of premises and equipment. 1 18 Write-downs of foreclosed assets...................... 22 46 Losses (gains) on sales of foreclosed assets.......... 4 (61) Decrease (increase) in interest receivable............ 14 (68) Amortization of goodwill.............................. 7 7 Amortization of premiums and (accretion of discounts) on investment securities............................ 43 38 Decrease (increase) in prepaid expenses............... (15) 38 Increase (decrease) in accrued expenses............... 37 53 Increase (decrease) in interest payable............... 95 18 Increase (decrease) in current income taxes payable... (4) (26) Decrease (increase) in net deferred tax asset......... 2 246 Net increase (decrease) in deferred loan fees and other unearned income........................... _____8 ____34 Total adjustments................................. ___308 ___425 Net cash provided by operating activities................. $ 762 $ 943 ====== ====== Supplemental schedule of noncash investing activities: Assets acquired through foreclosure of loans............ $ 179 $ 36 ====== ====== Loans made to finance sales of foreclosed assets........ $ 82 $ 73 ====== ====== See notes to consolidated financial statements.
AMERICAN BANCSHARES OF HOUMA, INC. Notes to Consolidated Financial Statements June 30, 1995 and 1994 Unaudited (1) Summary of Significant Accounting Policies No significant changes in accounting policies have occurred since the filing of the Form 10-KSB report on March 30, 1995, for the fiscal year ended December 31, 1994, other than the adoption of Statement of Financial Accounting Standards No.'s 114 and 118 as previously disclosed in the Form 10-QSB for the period ended March 31, 1995. Certain reclassifications have been made to conform to the 1995 presentation of financial information. (2) Deposits Included in interest-bearing deposits are certificates of deposit of $100,000 or more, which totaled $9,086,314 at June 30, 1995, and $7,411,193 at December 31, 1994. Interest expense on certificates of deposit of $100,000 or more totaled $221,459 and $93,649 for the six months ended June 30, 1995 and 1994, respectively. (3) Noninterest Income Details of noninterest income, excluding investment securities gains and losses, are as follows:
Six_Months_Ended_June_30,__ __1995__ __1994__ (Thousands of Dollars) Service charges on deposit accounts..... $ 462 $ 419 Secondary market loan origination fees.. 41 110 Other loan fee income................... 13 55 Other................................... ______97 ______91 $ 613 $ 675 ======== ========
(4) Noninterest Expense Details of noninterest expense are as follows:
Six_Months_Ended_June_30,__ __1995__ __1994__ (Thousands of Dollars) Salaries and employee benefits.......... $ 841 $ 869 Net occupancy expense of premises....... 196 210 Equipment expense....................... 123 114 Advertising, marketing and promotion.... 43 27 FDIC and state assessments.............. 88 81 Stationery, printing and supplies....... 63 74 Data processing......................... 66 69 Directors' fees......................... 85 52 Legal and professional fees............. 71 41 Postage................................. 39 35 Telephone expense....................... 34 31 Net foreclosed assets expense (income).. 7 (29) Other................................... _____119 _____120 $ 1,775 $ 1,694 ======== ========
AMERICAN BANCSHARES OF HOUMA. INC. Management's Discussion and Analysis American Bancshares of Houma, Inc. (the Company) is a one-bank holding company whose primary asset is the 100% ownership of American Bank and Trust Company of Houma (the Bank) domiciled in Houma, Louisiana. Overview The Company earned $454,000 for the six month period ending June 30, 1995, providing a 1.11% return on average assets and an 11.66% return on average equity. Year-to-date net earnings decreased by $64,000 from the same period in 1994 due primarily to reduced noninterest income and increased overhead expenses. After experiencing growth of 13% to 14% for the year 1994, total assets and deposits remained relatively stable during the first half of 1995. Included in total assets and other liabilities at June 30, 1995, are commitments to purchase approximately $1,203,000 in investment securities. At June 30, 1995, nonaccrual loans totaled $119,000, restructured loans totaled $992,000, loans past due 90 days or more totaled $105,000, and foreclosed assets totaled $378,000. Overall, total nonperforming assets increased by $125,000 or 8.5% since December 31, 1994, primarily due to an increase in nonperforming indirect automobile loans. During 1994, the Bank increased its portfolio of indirect automobile loans significantly by offering financing through several local dealers. Management monitors the portfolio closely and has stepped up collection efforts to minimize delinquencies and potential losses. Net_Interest_Income Year-to-date net interest income increased by $25,000 over the same period in 1994 due to the 8.9% increase in average interest earning assets. The Bank's year-to-date net interest margin, on a taxable equivalent basis, decreased to 4.90% from 5.27% due primarily to the increased cost of funds resulting from higher interest rates and a shift in deposit mix from NOW, money market and savings accounts to certificates of deposit with higher interest rates. An increase in income due to higher loan volume more than offset the decrease in income due to reduced margin. Detailed analysis of the components of and changes in net interest income on a taxable equivalent basis is provided in the "Summary of Average Balance Sheets, Interest, and Interest Rates" and "Comparative Changes in Interest Income and Expense" tables that follow this discussion. Allowance_and_Provisions_for_Loan_Losses No provisions for loan losses were made during the first half of 1995, as the $1,037,000 allowance (representing 2.0% of the portfolio) is deemed to be adequate by Bank management. During the first half of 1994, provisions for loan losses totaled $5,000. The Bank recorded year-to-date net charge-offs of $96,000 for the first half of 1995 compared to net recoveries of $37,000 for the same period in 1994. Noninterest_Income Year-to-date noninterest income decreased by $62,000 or 9.2% due primarily to a decrease in secondary market mortgage loan origination fees. The volume of mortgage loans originated for sale in the secondary market decreased substantially compared to the first half of 1994 due to higher mortgage interest rates in 1995. Details of other noninterest income are provided in note 3 to the consolidated financial statements. Noninterest_Expense Year-to-date total overhead expenses increased by $81,000 or 4.8% over the same period in 1994. Salaries and employee benefits decreased $28,000 or 3.2% due to an $80,000 decrease in retirement plan expense. During the second quarter of 1994, the Bank contributed approximately $92,000 to its Employee Stock Ownership Plan. Directors' fees increased by $33,000 due to an increased fee schedule and additional committee meetings. Legal and professional fees increased $30,000 primarily due to additional consulting services and increased loan collection expenses. The Bank recognized net expenses on foreclosed assets of $7,000 during the first half of 1995 compared to net income of $29,000 for the same period in 1994. Gains recognized on the sales of certain foreclosed properties during the first half of 1994 resulted in net gains in that period. Advertising expense increased by $16,000 in 1995 due to an expanded marketing program, while stationery and supplies expense decreased by 11,000 due to improved purchasing practices. Additional information on other expenses is provided in note 4 to the consolidated financial statements. Liquidity The Bank's liquidity ratio, which is a measure of net cash, short-term and marketable assets as a percent of net deposits and short-term liabilities, equaled 32.0% at June 30, 1995, compared to 26.7% at December 31, 1994. Management strives to maintain a minimum liquidity ratio of 25%. Total loans, net of unearned discounts, represented 68.3% of total deposits at June 30, 1995, compared to 69.3% at December 31, 1994. Federal funds sold and investments in short-term, high quality U. S. Government and U. S. Government Agency securities provide a source of ongoing liquidity for the Bank. The investment portfolio is structured to provide a ladder of maturities to ensure that funds will be available when needed. Also, a significant portion of the investment portfolio is classified as available- for-sale in accordance with Statement of Financial Accounting Standards No. 115. While the Bank has the intent to hold these securities indefinitely, they are available for disposal and may be sold for liquidity as well as other reasons. The Bank also has the ability to purchase federal funds from correspondent banks and to pledge securities for other borrowings if necessary to satisfy temporary liquidity needs. Management believes that these factors place the Bank in a sound liquidity position. Capital_Adequacy_&_Dividends Regulatory capital guidelines set forth minimum ratios of total capital to total "risk-weighted" assets of 8.0%, "Tier 1" capital to total "risk-weighted" assets of 4.0%, and a leverage ratio ("Tier 1" capital to total assets) of 4%. Because the Company has total consolidated assets of less than $150 million and meets certain other conditions, the guidelines are applied on a bank-only basis. For the Bank, "Tier 1" capital consists of its shareholders' equity, excluding net unrealized market gains or losses on available-for-sale securities. Total capital consists of "Tier 1" capital plus an allowable portion of the allowance for loan losses. At June 30, 1995, the Bank's total capital to total "risk-weighted" assets ratio equaled 17.97%, its "Tier 1" capital to total "risk-weighted" assets ratio equaled 16.71%, and its leverage ratio equaled 9.28%. In June of 1995, the Company declared dividends totaling $0.40 per share, which included a $0.25 regular dividend and a $0.15 special dividend. These dividends were paid in July. In 1994, mid-year dividends totaling $0.25 per share were declared in July and paid in August. Regulatory_Matters On February 8, 1994, the Bank entered into a Memorandum of Understanding (MOU) with the Federal Deposit Insurance Corporation (FDIC) regarding regulatory compliance issues. The MOU resulted from a compliance examination of the Bank conducted by the FDIC on October 1, 1993, in which several violations of federal regulations were noted, primarily record- keeping and disclosure violations. The MOU requires the bank to improve its compliance program to insure adequate management supervision, training, and review procedures to insure compliance with federal record-keeping and disclosure requirements. The MOU originally required the Bank to make quarterly progress reports to the FDIC. Based on progress reports made, the FDIC removed the quarterly reporting requirement on April 17, 1995. While the MOU must remain in effect until the next compliance examination of the Bank, management believes it has taken the necessary steps to insure future compliance. AMERICAN BANCSHARES OF HOUMA, INC. Summary of Average Balance Sheets, Interest, and Interest Rates Six Months Ended June 30, 1995 and 1994 Tax Equivalent Basis, Thousands of Dollars Unaudited
____________________Six_Months_Ended_____________________ _______June_30,_1995_______ _______June_30,_1994_______ Average Average Average Average ASSETS Balance Interest _Rate__ Balance Interest _Rate__ INTEREST-EARNING ASSETS: Loans, net of unearned income* $51,013 ___2,228 8.81% $42,002 ___1,765 8.47% Investment securities: ** Taxable...................... 20,016 648 6.53 23,255 754 6.54 Nontaxable................... _1,439 ______48 6.73 ___556 ______19 6.89 Total investment securities. 21,455 696 6.54 23,811 773 6.55 Federal funds sold............ _2,732 ______80 5.91 _2,823 ______48 3.43 Total interest-earning assets 75,200 ___3,004 8.06 68,636 ___2,586 7.60 NONINTEREST-EARNING ASSETS AND ALLOWANCE FOR LOAN LOSSES: Cash and due from banks....... 4,778 4,492 Bank premises and equipment... 1,987 1,859 Other assets.................. 1,513 1,814 Allowance for loan losses..... (1,099) (1,176) Total assets................ $82,379 $75,625 ====== ====== LIABILITIES_AND STOCKHOLDERS'_EQUITY INTEREST-BEARING LIABILITIES: NOW accounts.................. $10,416 117 2.27 $10,663 104 1.97 Money market accounts......... 7,436 105 2.85 8,356 107 2.58 Savings deposits.............. 9,238 134 2.93 9,780 131 2.70 Time deposits................. 30,921 ____814 5.31 23,369 _____445 3.84 Total interest-bearing deposits................... 58,011 1,170 4.07 52,168 787 3.04 Short-term borrowings......... ___135 ______5 7.47 ___100 _______4 8.07 Total interest-bearing liabilities................ 58,146 __1,175 4.08 52,268 _____791 3.05 NONINTEREST-BEARING LIABILITIES AND STOCKHOLDERS' EQUITY: Noninterest-bearing deposits.. 15,793 15,596 Other liabilities............. 573 393 Stockholders' equity.......... _7,867 _7,368 Total liabilities and stockholders' equity....... $82,379 $75,625 ====== ====== Net interest earned on total interest-earning assets...... $75,200 1,829 4.90% $68,636 1,795 5.27% ====== ======= ====== ======= *Nonaccruing loan balances are included in loans for purposes of this analysis. **Investment securities are shown at amortized cost, with net market gains or losses on available-for-sale securities included in other assets.
AMERICAN BANCSHARES OF HOUMA, INC. Comparative Changes in Interest Income and Expense For the Six Months Ended June 30, 1995 and 1994 Tax Equivalent Basis, Thousands of Dollars Thousands of Dollars Unaudited
1995 Compared to 1994 1994 Compared to 1993 Increase_(Decrease)_Due_To Increase_(Decrease)_Due_To Change Change Change Change in in in in Volume _Rate_ Total Volume _Rate_ Total INTEREST_INCOME Loans........................ $__391 ____72 __463 $__298 __(100) __198 Investment securities: Taxable..................... (105) (1) (106) (186) (52) (238) Nontaxable.................. ___29 ___--- ___29 ___16 ____(1) ___15 Total investments.......... (76) (1) (77) (170) (53) (223) Federal funds sold........... ___(2) ____34 ___32 ___25 _____4 ___29 Total interest income...... __313 ___105 __418 __153 __(149) ____4 INTEREST_EXPENSE Interest-bearing deposits: NOW accounts................ (2) 15 13 4 --- 4 Money market accounts....... (12) 10 (2) (16) (2) (18) Savings deposits............ (8) 11 3 --- (10) (10) Time deposits............... __169 ___200 __369 ____3 _____6 ____9 Total interest-bearing deposits.................. 147 236 383 (9) (6) (15) Short-term borrowings....... ____1 ___--- ____1 ___(1) _____1 ___--- Total interest expense..... __148 ___236 __384 __(10) ____(5) ___(15) Net interest income........ $ 165 (131) 34 $ 163 (144) 19 ===== ====== ===== ===== ====== ====== NOTE: The change in interest due to both volume and rate has been allocated to change due to volume and change due to rate in proportion to the relationship of the absolute dollar amounts of change in each.
PART II - OTHER INFORMATION Item_1._Legal_Proceedings. Regarding the suit of Alfred P. Cenac, Jr., et al. previously disclosed in the 1994 Annual Report on Form 10-KSB filed on March 30, 1995, the plaintiffs filed an appeal on May 11, 1995, in the United States District Court. On July 18, 1995, the Court dismissed the plaintiffs' appeal without prejudice. Bank management and its legal counsel now consider this case closed. No other material developments have occurred in the legal proceedings previously disclosed in the 1994 Annual Report on Form 10-KSB. Item_6._Exhibits_and_Reports_on_Form_8-K. During the quarter ended June 30, 1995, no reports on Form 8-K have been filed. SIGNATURES In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. American_Bancshares_of_Houma,_Inc. (Registrant) Date: August_10,_1995 /s/_Robert_W._Boquet______________ Robert W. Boquet President and C.E.O. Principal Financial Officer EX-27 2
9 1,000 6-MOS DEC-31-1995 JAN-01-1995 JUN-30-1995 5,404 0 2,600 0 16,166 7,163 7,167 50,864 1,037 84,623 74,250 393 1,825 0 776 0 0 7,379 84,623 2,228 681 80 2,989 1,170 1,175 1,814 0 (1) 1,775 651 454 0 0 454 1.98 0 4.90 119 105 992 0 1,133 146 50 1,037 752 0 285