-----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, LivLXydcpajyDiUhcDvj/rKit/DciZANnmX0s7pS7hsdSP92iPOyajX+AK6MX8nY 5WXbC/Oiftv8wIkcpnvXAQ== 0000721161-00-000008.txt : 20000314 0000721161-00-000008.hdr.sgml : 20000314 ACCESSION NUMBER: 0000721161-00-000008 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19991231 FILED AS OF DATE: 20000313 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SJNB FINANCIAL CORP CENTRAL INDEX KEY: 0000721161 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 770058227 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K/A SEC ACT: SEC FILE NUMBER: 000-11771 FILM NUMBER: 567722 BUSINESS ADDRESS: STREET 1: ONE N MARKET ST CITY: SAN JOSE STATE: CA ZIP: 95113 BUSINESS PHONE: 4089477562 MAIL ADDRESS: STREET 1: ONE NORTH MARKET STREET CITY: SAN JOSE STATE: CA ZIP: 95113 10-K/A 1 10K/A AMENDMENT TO STATMENTS OF CASH FLOWS United States SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K/A (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year ended December 31, 1999 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number 0-11771 SJNB Financial Corp. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) California 77-0058227 - -------------------------------- ----------------------- (State or other jurisdiction of I.R.S. Employer incorporation or organization) Identification No.) ONE NORTH MARKET STREET, SAN JOSE, CALIFORNIA 95113 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (408) 947-7562 Securities registered pursuant to Section 12(b) of the Act: NONE Securities registered pursuant to Section 12(g) of the Exchange Act: Common Stock, no par value - -------------------------------------------------------------------------------- (Title of class) Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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 [ ] Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [ X ] The aggregate market value of the voting common equity held by non-affiliates of the registrant, based on a market value of $29.00 per share (the closing price of the Common Stock, as of February 29, 2000) was $85,774,000 Number of shares of common stock outstanding as of February 29, 2000: 3,617,408 shares Documents incorporated by reference: Portions of the registrant's definitive proxy statement for the registrant's 2000 Annual Meeting of Shareholders (to be filed pursuant to Regulation 14A) are incorporated by reference into Part III of this Report. - ---------------------------------------------------------------------------------------------------------------------------- SJNB Financial Corp. and subsidiary Consolidated Statements of Cash Flows Years ended December 31, 1999, 1998 and 1997 - ---------------------------------------------------------------------------------------------------------------------------- (dollars in thousands) 1999 1998 1997 - ---------------------------------------------------------------------------------------------------------------------------- Cash flows from operating activities: Net income $5,808 $5,541 $5,114 Adjustments to reconcile net income to net cash provided by operating activities: Provision for loan and lease losses 495 300 705 Depreciation and amortization 626 546 529 Amortization of intangibles 456 457 473 Deferred tax benefit (230) (56) (356) Loss on sale of securities available for sale 51 4 47 Net gain on sale of other real estate owned ----- ----- (65) Amortization of premium (discount) on investment securities, net 10 (49) (48) (Increase) decrease in intangible assets (45) (50) 237 Increase in accrued interest receivable and other assets (1,643) (253) (2,107) Increase in accrued interest payable and other liabilities 184 1,678 1,716 - ---------------------------------------------------------------------------------------------------------------------------- Net cash provided by operating activities 5,712 8,118 6,245 - ---------------------------------------------------------------------------------------------------------------------------- Cash flows from investing activities: Proceeds from sale or maturities of securities available for sale 16,761 32,476 18,610 Maturities of securities held to maturity 6,125 4,323 2,250 Purchase of securities available for sale (46,783) (19,008) (18,850) Purchase of securities to be held to maturity (3,993) (1,768) (857) Proceeds from the sale of other real estate owned ----- ----- 519 Net increase in loans and leases (65,785) (32,274) (30,562) Capital expenditures (669) (400) (444) Cash used to acquire Epic Funding Corp. ----- (206) ----- - ---------------------------------------------------------------------------------------------------------------------------- Net cash used in investing activities (94,344) (16,857) (29,334) - ---------------------------------------------------------------------------------------------------------------------------- Cash flow from financing activities: Net increase in deposits 68,300 32,097 25,706 Increase (decrease) in other short-term borrowings 5,997 (11,000) (13,688) Cash dividends (1,330) (1,390) (1,123) Common stock repurchased (3,104) (3,498) (2,495) Common stock issued 1,800 ----- ----- Proceeds from stock options exercised 275 529 206 - ---------------------------------------------------------------------------------------------------------------------------- Net cash provided by financing activities 71,938 16,738 8,606 - ---------------------------------------------------------------------------------------------------------------------------- Net (decrease) increase in cash and equivalents (16,694) 7,999 (14,483) Cash and equivalents at beginning of year 33,524 25,525 40,008 - ---------------------------------------------------------------------------------------------------------------------------- Cash and equivalents at end of year $16,830 $33,524 $25,525 ============================================================================================================================ Other cash flow information: Interest paid $10,639 $9,118 $8,511 Income taxes paid 4,750 2,626 3,445 ============================================================================================================================ Purchase of Epic Funding Corp.: Leases ----- $149 ----- Other assets ----- 789 ----- - ---------------------------------------------------------------------------------------------------------------------------- Total assets acquired ----- 938 ----- Cash paid and expenses incurred (206) Liabilities assumed: Other liabilities ----- 231 ----- - ---------------------------------------------------------------------------------------------------------------------------- Total liabilities assumed ----- 231 ----- - ---------------------------------------------------------------------------------------------------------------------------- Common stock issued, net of registration costs ----- $501 ----- ============================================================================================================================ See accompanying Notes to Consolidated Financial Statements.
-----END PRIVACY-ENHANCED MESSAGE-----