-----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, G3RHP9dK3Rb+00jz3txQOk7n/KU/f6K2Ql2LPKTsTob9PwxTH0p1a+ONaFQyNEOV hTOEbBUbKaJMFtFP/CKjiw== 0000950124-04-000222.txt : 20040128 0000950124-04-000222.hdr.sgml : 20040128 20040128105656 ACCESSION NUMBER: 0000950124-04-000222 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040127 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20040128 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMMERCIAL NATIONAL FINANCIAL CORP /MI CENTRAL INDEX KEY: 0000828535 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 382799780 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-17000 FILM NUMBER: 04548044 BUSINESS ADDRESS: STREET 1: 101 N PINE RIVER ST CITY: ITHACA STATE: MI ZIP: 48847 BUSINESS PHONE: 5178754144 MAIL ADDRESS: STREET 1: P O BOX 280 CITY: ITHACA STATE: MI ZIP: 48847 8-K 1 k82376e8vk.txt CURRENT REPORT ================================================================================ 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: January 27, 2004 COMMERCIAL NATIONAL FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Michigan 0-17000 38-2799780 (State or other jurisdiction of (Commission File Number) (IRS Employer Identification No.) incorporation) 101 North Pine River Street, Ithaca, Michigan 48847 (address of principal executive offices) (ZIP Code)
Registrant's telephone number, including area code: (989) 875-4144 ================================================================================ Information to be Included in the Report ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. Exhibit 99.1 Press release dated January 26, 2004 ITEM 9. REGULATION FD DISCLOSURE. On January 26, 2004, Commercial National Financial Corporation issued a press release announcing results for the fourth quarter of 2004. A copy of the press release is attached as Exhibit 99.1 This information furnished under "Item 9. Regulation FD Disclosure" is intended to be furnished under "Item 12. Results of Operations and Financial Condition" in accordance with SEC Release No. 33-8216. The information in this Form 8-K and the attached Exhibit shall not be deemed filed for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing. 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. Date: January 27, 2004 COMMERCIAL NATIONAL FINANCIAL CORPORATION (Registrant) By: /s/ Patrick G. Duffy ------------------------------------ Patrick G. Duffy Executive Vice President and Chief Financial Officer EXHIBIT INDEX 99.1 Press Release dated January 26, 2004 EX-99.1 3 k82376exv99w1.txt PRESS RELEASE DATED 1/26/04 EXHIBIT 99.1 COMMERCIAL NATIONAL FINANCIAL CORPORATION 2003 FOURTH QUARTER & YEAR END EARNINGS Ithaca, Michigan, January 26, 2004-- Jeffrey S. Barker, President and CEO of Commercial National Financial Corporation and Commercial Bank, announced that net income for the year just ended December 31, 2003, totaled $2,236,000, down 22.9% from the prior year total of $2,901,000. Basic earnings per share decreased from 73 cents in 2002 to 55 cents per share in 2003. The 2003 total return on average shareholder equity was 9.21% compared to 12.6%. Cash dividends for the year were 54 cents per share compared to 51 cents per share in 2002. The current dividend yield is 4.6% based upon the year end closing stock price of $11.75 per share. Earnings for the fourth quarter 2003 totaled $649,000 compared to $817,000 in 2002, while quarterly earnings per share were 16 cents compared to 20 cents per share for the comparable 2002 quarter. Commercial National Financial Corporation is a one bank holding company with total assets of $240,000,000 at December 31, 2003. Commercial Bank operates full service banking offices in Alma, Greenville, Ithaca, Middleton, Mt. Pleasant, Pompeii, and St. Louis. Contact: Daniel E. Raleigh Vice President 989-875-5504 -----END PRIVACY-ENHANCED MESSAGE-----