-----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, AifWCoYtmcKisVlBEQhS5bcqOt1MmBSOPknf4FPxMbnmqqCQSgLaIEpvlYwVrfIr xRcgVjHmPOJVEOoA5Epg7w== 0000352801-96-000003.txt : 19960517 0000352801-96-000003.hdr.sgml : 19960517 ACCESSION NUMBER: 0000352801-96-000003 CONFORMED SUBMISSION TYPE: 10QSB PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960331 FILED AS OF DATE: 19960515 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: 96565803 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 March 31,_1996 [ ] 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 March 31, 1996, 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 - March 31, 1996 and December 31, 1995............................ Consolidated Statements of Income - Periods Ended March 31, 1996 and 1995........................... Consolidated Statements of Changes in Stockholders' Equity - Periods Ended March 31, 1996 and 1995........................... Consolidated Statements of Cash Flows - Periods Ended March 31, 1996 and 1995........................... 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 March 31, 1996 and December 31, 1995 Thousands of Dollars Unaudited
Mar. 31, Dec. 31, __1996__ __1995__ ASSETS Cash and due from banks.......................................... $ 5,224 $ 6,569 Federal funds sold............................................... ____--- __1,300 Total cash and cash equivalents....................... 5,224 7,869 Investment securities: Available-for-sale securities at fair value (amortized cost of $24,848 and $22,889 in 1996 and 1995, respectively)....... 24,876 23,205 Held-to-maturity securities at amortized cost (fair value of $3,513 and $3,589 in 1996 and 1995, respectively)............ __3,502 __3,547 Total investment securities........................... 28,378 26,752 Loans............................................................ 53,691 50,980 Less: Unearned income......................................... (171) (167) Allowance for loan losses............................... _(1,089) ___(993) Loans, net............................................ 52,431 49,820 Premises and equipment........................................... 2,027 2,034 Real estate acquired by foreclosure.............................. 8 303 Other assets..................................................... __1,242 __1,432 Total assets........................................ $ 89,310 $ 88,210 ======= ======= LIABILITIES AND STOCKHOLDERS' EQUITY Deposits (Note 2): Noninterest-bearing............................................ $ 17,573 $ 18,076 Interest-bearing............................................... _61,721 _60,632 Total deposits........................................ 79,294 78,708 Federal funds purchased and securities sold under repurchase agreements.......................................... 459 200 Other liabilities................................................ ____753 ____622 Total liabilities..................................... _80,506 _79,530 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.............................................. 4,681 4,366 Net unrealized gains (losses) on available-for-sale securities. 18 209 Treasury stock (Cost of 29,173 shares)......................... ___(934) __(934) Total stockholders' equity............................ __8,804 __8,680 Total liabilities and stockholders' equity.......... $ 89,310 $ 88,210 ======= ======= See notes to consolidated financial statements.
AMERICAN BANCSHARES OF HOUMA, INC. Consolidated Statements of Income Periods Ended March 31, 1996 and 1995 Thousands of Dollars Except for Per Share Data Unaudited
Three_Months_Ended Mar. 31, Mar. 31, __1996__ __1995__ Interest income: Interest and fees on loans.................................. $ 1,185 $ 1,107 Taxable securities income................................... 383 307 Nontaxable securities income................................ 34 17 Interest on federal funds sold.............................. _____23 _____36 Total interest income................................... __1,625 __1,467 Interest expense: Interest on deposits (Note 2)............................... 612 566 Interest on federal funds purchased and securities sold under repurchase agreements................................................ ______3 ______2 Total interest expense.................................. ____615 ____568 Net interest income......................................... 1,010 899 Provisions for loan losses.................................. ____--- ____--- Net interest income after provisions for loan losses........................................... 1,010 899 Noninterest income, excluding investment securities gains and losses (Note 3)...................... 351 299 Investment securities gains (losses)........................ --- (1) Noninterest expense (Note 4)................................ ____776 ____882 Earnings before income taxes................................ 585 315 Provision for income taxes.................................. ____197 _____88 Net earnings................................................ $ 388 $ 227 ======= ======= PER SHARE DATA: Net earnings................................................ $ 1.69 $ 0.99 ======= ======= Average common shares outstanding........................... 229,564 229,564 ======= ======= See notes to consolidated financial statements.
AMERICAN BANCSHARES OF HOUMA, INC. Consolidated Statements of Changes in Stockholders' Equity Three Months Ended March 31, 1996 and 1995 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, 1994.. $ 776 4,263 3,602 (934) (183) 7,524 Net earnings.................. --- --- 227 --- --- 227 Change in net unrealized gains or losses on available-for- sale securities............. __--- __--- __--- __--- __133 __133 Balance at March 31, 1995..... $ 776 4,263 3,829 (934) (50) 7,884 ===== ===== ===== ===== ===== ===== Balance at December 31, 1995.. $ 776 4,263 4,366 (934) 209 8,680 Net earnings.................. --- --- 388 --- --- 388 Dividends ($0.32 per share)... (73) (73) Change in net unrealized gains or losses on available-for- sale securities............. __--- __--- __--- __--- _(191) _(191) Balance at March 31, 1996..... $ 776 4,263 4,681 (934) 18 8,804 ===== ===== ===== ===== ===== ===== See notes to consolidated financial statements.
AMERICAN BANCSHARES OF HOUMA, INC. Consolidated Statements of Cash Flows Three Months Ended March 31, 1996 and 1995 Thousands of Dollars Unaudited
Three_Months_Ended Mar. 31, Mar. 31, __1996__ __1995__ Cash flows from operating activities: Interest received....................................... $ 1,761 $ 1,499 Fees and commissions received........................... 379 334 Interest paid........................................... (671) (525) Other expenses paid..................................... (846) (861) Income taxes paid....................................... ___--- ___(14) Net cash provided by operating activities............. ___623 ___433 Cash flows from investing activities: Proceeds from sales of available-for-sale securities.... --- 999 Proceeds from paydowns and maturities of available-for-sale securities...................... 1,051 1,031 Purchases of available-for-sale securities.............. (3,031) (6,042) Proceeds from paydowns and maturities of held-to-maturity securities........................ 39 139 Loan originations, net of repayments.................... (2,263) 591 Capital expenditures.................................... (49) (32) Proceeds from sales of foreclosed assets................ 97 30 Net decrease (increase) in other assets................. ____43 _____9 Net cash used in investment activities................ (4,113) (3,275) Cash flows from financing activities: Net increase (decrease) in deposits..................... 586 (154) Net increase (decrease) in federal funds purchased and securities sold under repurchase agreements........... ___259 ___(91) Net cash provided by (used in) financing activities... ___845 __(245) Net decrease in cash and cash equivalents................. (2,645) (3,087) Cash and cash equivalents at beginning of period.......... 7,869 10,367 Cash and cash equivalents at end of period................ $ 5,224 $ 7,280 ====== ====== (continued) See notes to consolidated financial statements.
AMERICAN BANCSHARES OF HOUMA, INC. Consolidated Statements of Cash Flows (Continued) Three Months Ended March 31, 1996 and 1995 Thousands of Dollars Unaudited
Three_Months_Ended Mar. 31, Mar. 31, __1996__ __1995__ Reconciliation of net income to net cash provided by operating activities: Net earnings.............................................. $ ___388 $ ___227 Adjustments to reconcile net income to net cash provided by operating activities: Investment securities losses.......................... --- 1 Depreciation and amortization of premises and equipment....................................... 57 46 Write-downs of foreclosed assets...................... 7 11 Losses (gains) on sales of foreclosed assets.......... (128) 4 Decrease (increase) in interest receivable............ 111 12 Amortization of goodwill.............................. 3 3 Net amortization of premiums on investment securities. 27 20 Decrease (increase) in prepaid expenses............... 36 (24) Increase (decrease) in accrued expenses............... (3) 2 Increase (decrease) in interest payable............... (55) 44 Increase (decrease) in current income taxes payable... 97 85 Decrease (increase) in net deferred tax asset......... 67 (11) Net increase (decrease) in deferred loan fees and other unearned income........................... ____16 ____13 Total adjustments................................. ___235 ___206 Net cash provided by operating activities................. $ 623 $ 433 ====== ====== Supplemental schedule of noncash investing activities: Assets acquired through foreclosure of loans............ $ 22 $ 55 ====== ====== Loans made to finance sales of foreclosed assets........ $ 371 $ 25 ====== ====== See notes to consolidated financial statements.
AMERICAN BANCSHARES OF HOUMA, INC. Notes to Consolidated Financial Statements March 31, 1996 and 1995 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 29, 1996, for the fiscal year ended December 31, 1995. Certain reclassifications have been made to conform to the 1996 presentation of financial information. (2) Deposits Included in interest-bearing deposits are certificates of deposit of $100,000 or more, which totaled $10,799,992 at March 31, 1996, and $9,408,673 at December 31, 1995. Interest expense on certificates of deposit of $100,000 or more totaled $143,323 and $102,691 for the three months ended March 31, 1996 and 1995, respectively. (3) Noninterest Income Details of noninterest income, excluding investment securities gains and losses, are as follows: Three_Months_Ended (Thousands of Dollars) Mar. 31, Mar. 31, __1996__ __1995__ Service charges on deposit accounts.................... $ 245 $ 222 Secondary market loan origination fees................. 31 15 Other.................................................. ______75 ______62 $ 351 $ 299 ======== ======== (4) Noninterest Expense Details of noninterest expense are as follows: Three_Months_Ended (Thousands of Dollars) Mar. 31, Mar. 31, __1996__ __1995__ Salaries and employee benefits......................... $ 437 $ 425 Net occupancy expense of premises...................... 105 97 Equipment expense...................................... 69 61 Advertising, marketing and promotion................... 25 21 FDIC and state assessments............................. 5 44 Stationery, printing and supplies...................... 30 28 Data processing........................................ 34 34 Directors' fees........................................ 41 44 Legal and professional fees............................ 41 26 Postage................................................ 20 18 Telephone expense...................................... 18 16 Net foreclosed assets expense (income)................. (118) 6 Other.................................................. ______69 ______62 $ 776 $ 882 ======== ======== 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. As previously disclosed in the 1995 Annual Report on Form 10-KSB, the Company entered into a definitive agreement on February 29, 1996, with Regions Financial Corporation (Regions) under which the Company will be acquired by Regions in a tax-free, stock-for-stock transaction. Under the terms of the agreement, shareholders of the Company will receive 1.66 shares of Regions common stock for each share of Company common stock. The transaction is subject to the approval of the Company's shareholders and appropriate regulatory agencies and is expected to be consummated during the third quarter of 1996. Regions is a multi-bank regional holding company headquartered in Birmingham, Alabama. Regions common stock is traded on the NASDAQ National Market under the symbol "RGBK." Overview The Company earned $388,000 or $1.69 per share for the first quarter of 1996, providing a 1.76% return on average assets and a 17.64% return on average equity. First quarter earnings increased by $161,000 or $0.70 per share from the same period in 1995. During the first quarter of 1996, the Bank recognized a gain of $127,000 on the sale of the last significant piece of other real estate held on its books. During the first quarter of 1996, the Company's total assets grew by $1,100,000 or 1.2%. Total loans, net of unearned income, increased by $2,707,000 or 5.3%, while total deposits increased $586,000 or 0.7%, resulting in a loans-to-deposits ratio of 67.5%. At March 31, 1996, nonaccrual loans totaled $120,000, restructured loans totaled $1,061,000, loans past due 90 days or more totaled $33,000, and foreclosed assets totaled $20,000. Overall, total nonperforming assets decreased by $249,000 or 16.8% since December 31, 1995. The level of impaired loans as defined by Statement of Financial Accounting Standards No. 114 was insignificant. Net_Interest_Income Year-to-date net interest income increased by $111,000 or 12.3% due to growth in earning assets and increased loan portfolio yields. Compared to the same period in 1995, average earning assets increased by $6,796,000 or 9.1%. The tax equivalent net interest margin for the period equaled 5.13% in 1996 compared to 4.94% in 1995. 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 quarters ending March 31, 1996 and 1995. The $1,089,000 allowance for loan losses (representing 2.0% of the portfolio) is deemed to be adequate by Bank management. The Bank recorded year-to-date net recoveries of $96,000 in 1996 compared to net charge-offs of $52,000 for the same period in 1995. Noninterest_Income Year-to-date noninterest income, excluding investment securities gains and losses, increased by $52,000 or 17.4% due primarily to increased service charge income on deposit accounts, secondary market mortgage loan origination fees, and other fee income. Service charge income increased primarily due to a new pricing structure on high-volume commercial accounts implemented in mid-1995 and also due to increased NSF volume. Other fee income increased due to the implementation of ATM surcharges at the end of 1995 and also due to increased loan insurance premium income. Details of other noninterest income are provided in note 3 to the consolidated financial statements. Noninterest_Expense Year-to-date total overhead expenses decreased by $106,000 or 12.0% primarily due to the gain on the sale of other real estate previously mentioned and reduced F.D.I.C. insurance premiums. A comparative breakdown of overhead 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 32.7% at March 31, 1996, compared to 34.0% at December 31, 1995. Management strives to maintain a minimum liquidity ratio of 25%. Total loans, net of unearned discounts, represented 67.5% of total deposits at March 31, 1996, compared to 64.6% at December 31, 1995. 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 3%. The Federal Deposit Insurance Corporation Improvement Act of 1991 provides that an institution is "well capitalized" if its total risk-based capital ratio is 10% or greater, its Tier 1 risk-based capital ratio is 6% or greater, its leverage ratio is 5% or greater, and the institution is not subject to a capital directive. 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 March 31, 1996, the Bank's total capital to total "risk-weighted" assets ratio equaled 18.84%, its "Tier 1" capital to total "risk-weighted" assets ratio equaled 17.58%, and its leverage ratio equaled 9.60%. During the first quarter of 1996, the Board of Directors of the Company declared a regular quarterly dividend of $0.32 per share, totaling $73,460, which was paid to shareholders on April 4, 1996. Regulatory_Matters On February 8, 1995, 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. Management believes it has taken the necessary steps to insure future compliance. A subsequent compliance examination of the Bank was conducted by the FDIC in March of 1996, the results of which are still pending. AMERICAN BANCSHARES OF HOUMA, INC. Summary of Average Balance Sheets, Interest, and Interest Rates Three Months Ended March 31, 1996 and 1995 Tax Equivalent Basis, Thousands of Dollars Unaudited ___________________Three_Months_Ended____________________ ______March_31,_1996_______ ______March_31,_1995_______ Average Average Average Average Balance Interest _Rate__ Balance Interest _Rate__ ASSETS INTEREST-EARNING ASSETS: Loans, net of unearned income* $52,279 ___1,185 9.19% $51,221 ___1,107 8.76% Investment securities: ** Taxable...................... 24,076 383 6.45 19,128 307 6.51 Nontaxable***................ _3,026 ______50 6.70 _1,442 ______24 6.75 Total investment securities. 27,102 433 6.48 20,570 331 6.53 Federal funds sold............ _1,725 ______23 5.41 _2,519 ______36 5.80 Total interest-earning assets 81,106 ___1,641 8.21 74,310 ___1,474 8.04 NONINTEREST-EARNING ASSETS AND ALLOWANCE FOR LOAN LOSSES: Cash and due from banks....... 4,658 4,556 Bank premises and equipment... 2,045 1,973 Other assets.................. 1,596 1,436 Allowance for loan losses..... (1,038) (1,125) Total assets................ $83,367 $81,150 ====== ====== LIABILITIES_AND STOCKHOLDERS'_EQUITY INTEREST-BEARING LIABILITIES: NOW accounts.................. $10,213 41 1.63 $10,144 60 2.40 Money market accounts......... 6,883 41 2.42 7,714 56 2.94 Savings deposits.............. 8,787 50 2.31 9,376 69 2.98 Time deposits................. 34,926 ____480 5.57 30,106 _____381 5.13 Total interest-bearing deposits................... 60,809 612 4.08 57,340 566 4.00 Short-term borrowings......... ___186 ______3 6.54 ___118 _______2 6.87 Total interest-bearing liabilities................ 60,995 ____615 4.09 57,458 _____568 4.01 NONINTEREST-BEARING LIABILITIES AND STOCKHOLDERS' EQUITY: Noninterest-bearing deposits.. 17,842 15,471 Other liabilities............. 710 529 Stockholders' equity.......... _8,820 _7,692 Total liabilities and stockholders' equity....... $88,367 $81,150 ====== ====== Net interest earned on total interest-earning assets...... $81,106 1,026 5.13% $74,310 906 4.94% ====== ======= ====== ======= *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. ***Interest and yields on nontaxable investment securities are shown as tax equivalent amounts based on a 34% federal income tax rate and adjusted for the nondeductibility of certain interest expense incurred to carry tax exempt obligations.
AMERICAN BANCSHARES OF HOUMA, INC. Comparative Changes in Interest Income and Expense For the Three Months Ended March 31, 1996 and 1995 Tax Equivalent Basis, Thousands of Dollars Thousands of Dollars Unaudited 1996 Compared to 1995 1995 Compared to 1994 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........................ $___23 ____55 ___78 $__238 ____27 __265 Investment securities: Taxable..................... 79 (3) 76 (76) (3) (79) Nontaxable.................. ___26 ___--- ___26 ___20 ___--- ___20 Total investments.......... 105 (3) 102 (56) (3) (59) Federal funds sold........... __(11) ____(2) __(13) ___(4) ____18 ___14 Total interest income...... __117 ____50 __167 __178 ____42 __220 INTEREST_EXPENSE Interest-bearing deposits: NOW accounts................ 0 (19) (19) 1 12 13 Money market accounts....... (6) (9) (15) (5) 7 2 Savings deposits............ (4) (15) (19) (2) 7 5 Time deposits............... ___64 ____35 ___99 ___75 ____90 __165 Total interest-bearing deposits.................. 54 (8) 46 69 116 185 Short-term borrowings....... ____1 ___--- _____1 ____1 ___--- _____1 Total interest expense..... ___55 ____(8) ____47 ___70 ___116 ___186 Net interest income........ $ 62 58 120 $ 108 (74) 34 ===== ====== ====== ===== ====== ====== 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. No material developments have occurred in the legal proceedings previously disclosed in the 1995 Annual Report on Form 10-KSB. Item_6._Exhibits_and_Reports_on_Form_8-K. During the quarter ended March 31, 1996, 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: May 13, 1996 /s/_Robert_W._Boquet______________ Robert W. Boquet President and C.E.O. Principal Financial Officer EX-27 2
9 1,000 3-MOS DEC-31-1996 JAN-01-1996 MAR-31-1996 5,224 0 0 0 24,876 3,502 3,513 53,691 1,089 89,310 79,294 459 753 0 0 0 776 8,028 89,310 1,185 417 23 1,625 612 615 1,010 0 0 776 585 388 0 0 388 1.69 0 5.13 120 33 1,061 0 993 43 139 1,089 732 0 357
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