-----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, EWvB906RPmrK1oy09K1878/mm3vd6EW8bk6Q0tTwHIKQTH7+xQ6pWTDnuDPd8WJs ElxZXmxWqA02W0ghYHbfOw== 0000950154-04-000016.txt : 20040218 0000950154-04-000016.hdr.sgml : 20040218 20040218151713 ACCESSION NUMBER: 0000950154-04-000016 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040218 ITEM INFORMATION: Other events FILED AS OF DATE: 20040218 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JUNIATA VALLEY FINANCIAL CORP CENTRAL INDEX KEY: 0000714712 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 232235254 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-13232 FILM NUMBER: 04613116 BUSINESS ADDRESS: STREET 1: 2 SOUTH MAIN ST STREET 2: P O BOX 66 CITY: MIFFLINTOWN STATE: PA ZIP: 17059-0066 BUSINESS PHONE: 7174368211 MAIL ADDRESS: STREET 1: BRIDGE AND MAIN STREETS STREET 2: P O BOX 66 CITY: MIFFLINTOWN STATE: PA ZIP: 17059-0066 8-K 1 jvb-8k_55887.txt JUNIATA VALLEY 8-K FILING ---------------------- 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 ----------------------------------- Date of Report (Date of earliest event reported) February 18, 2004 JUNIATA VALLEY FINANCIAL CORP. ------------------------------ (Exact Name of Registrant as Specified in its Charter) Pennsylvania 00013232 23-2235254 ----------------------------------------------------------------------------- (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File Number) Identification No.) Bridge and Main Streets, P.O. Box 66, Mifflintown, Pennsylvania 17059 ----------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) FRANCIS J. EVANITSKY PRESIDENT & C.E.O. JUNIATA VALLEY FINANCIAL CORP. Bridge & Main Streets Mifflintown, PA 17059 --------------------- (Address of executive offices) Copies to: JAMES A. ULSH, ESQUIRE METTE, EVANS & WOODSIDE 3401 N. Front St., P.O. Box 5950 Harrisburg, PA 17110-0950 Telephone No. (717) 232-5000 (717) 436-8211 -------------- (Telephone No., including area code, of agent for service) Item 5. Other Events On February 18, 2004, Juniata Valley Financial Corp. issued a press release reporting year end financial results. The aforementioned is attached as an exhibit to this current report on Form 8-K. 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. Juniata Valley Financial Corp. ------------------------------ (Registrant) Date: February 18, 2004 ---------------------------------------- Francis J. Evanitsky, President & C.E.O. EXHIBIT INDEX Exhibit No. 99 Description - ----------------------------------------- Press Release of Juniata Valley Financial Corp. dated February 18, 2004. EX-99 3 jvb-ex99_55887.txt EXHIBIT 99 - OPERATING RESULTS 2003 EXHIBIT 99 JUNIATA VALLEY FINANCIAL CORP. ANNOUNCES 2003 RESULTS Mifflintown, PA - Francis J. Evanitsky, President & CEO of the Juniata Valley Financial Corp. recently announced the operating results for 2003. Earnings for the year were reported at $5,647,000 compared to $5,015,000 for the year 2002. This represents an increase of 12.60%. On an earnings per share basis, the year 2003 showed $2.47 per share in earnings versus $2.15 per share in 2002, an increase of 14.88%. Despite a sluggish economy in our market area, Total Assets grew to $387,780,000 in 2003 from $375,735,000 in 2002. Total Net Loans outstanding reached an all time high in 2003, closing the year at $249,960,000 compared to $235,497,000 at year end 2002, an increase of $14,463,000 or 6.14%. Deposits increased to $332,984,000 in 2003 from $322,619,000 in 2002. As a result of the aforementioned loan and deposit growth as well as a significant increase in other income, and the resulting increase in Net Income, the Juniata Valley Financial Corp. recorded a ROAA (Return on Average Assets) of 1.46% for 2003 versus 1.37% in 2002. Additionally, ROAE (Return on Average Equity) increased to 11.86% in 2003 versus 10.85% in 2002. Evanitsky commented "We are pleased with the results of 2003. However, it was an extremely challenging year and it appears that 2004 will be just as challenging." The Juniata Valley Bank was chartered in 1867 and has twelve offices serving Juniata, Mifflin, Perry and Huntingdon counties. More information regarding the Juniata Valley Bank can be found online at www.jvbonline.com. -----END PRIVACY-ENHANCED MESSAGE-----