10-K405/A

 
                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                                  FORM 10-K/A
                                AMENDMENT NO. 1

[x]  Annual report pursuant to Section 13 or 15(d) of the Securities Exchange
     Act of 1934.

For the fiscal year ended December 31, 1997    Commission file number 0-20082
                          -----------------                           -------
               

 
                               Alliance Bancorp
            ------------------------------------------------------
            (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)


         Delaware                                            36-3811768
- -------------------------------                         -------------------
(STATE OR OTHER JURISDICTION OF                          (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION)                          IDENTIFICATION NO.)
                                 
                                 
          One Grant Square     
         Hinsdale, Illinois                                    60521
- ----------------------------------------                     ----------
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)                     (ZIP CODE)


                        Telephone Number: (630) 323-1776
                                          --------------

     Securities Registered Pursuant to Section 12(g) of the Exchange Act: Common
Stock

     Indicate by checkmark whether the registrant (1) has filed all reports
required to be filed by Sections 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
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 stock held by nonaffiliates of the
registrant, computed by reference to the last reported sales price of such stock
on the NASDAQ National Market System on March 13, 1998 was approximately
$191,392,505.

     The number of shares outstanding of the registrant's Common Stock, the
registrant's only class of outstanding capital stock, as of March 13, 1998 was
8,022,147.

                      DOCUMENTS INCORPORATED BY REFERENCE

     Part III-Portions of the Proxy Statement for the 1998 Annual Meeting of
Stockholders are incorporated by reference into Part III of this Form 10-K.

 
                                    PART IV

ITEM 14.    EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K


(a)  Exhibits  Required  by Securities and Exchange Commission Regulation S-K

     Exhibit 27 - Revised Financial Data Schedules

 
                                   SIGNATURES

     Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

DATED: April 7, 1998             ALLIANCE BANCORP
                                 ----------------
                                 (Registrant)


                                 By: /s/ Kenne P. Bristol
                                     --------------------
                                     Kenne P. Bristol
                                     President and Chief Executive Officer

EX-27.1

 


 
<ARTICLE> 9
<MULTIPLIER> 1,000
       
                                                                       
<PERIOD-TYPE>                   9-MOS                   6-MOS                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997             DEC-31-1997             DEC-31-1997
<PERIOD-END>                               SEP-30-1997             JUN-30-1997             MAR-31-1997
<CASH>                                          11,202                  12,410                  14,242
<INT-BEARING-DEPOSITS>                          25,432                  23,858                  12,485
<FED-FUNDS-SOLD>                                     0                       0                       0
<TRADING-ASSETS>                                     0                       0                       0
<INVESTMENTS-HELD-FOR-SALE>                    289,064                 302,312                 150,703
<INVESTMENTS-CARRYING>                               0                       0                       0
<INVESTMENTS-MARKET>                                 0                       0                       0
<LOANS>                                        996,854               1,017,641               1,093,954
<ALLOWANCE>                                      5,435                   5,458                   5,478
<TOTAL-ASSETS>                               1,371,184               1,404,263               1,313,141
<DEPOSITS>                                     998,051               1,020,923               1,004,517
<SHORT-TERM>                                   160,397                 132,164                 128,800
<LIABILITIES-OTHER>                             19,926                  27,878                  25,571
<LONG-TERM>                                          0                       0                       0
<PREFERRED-MANDATORY>                                0                       0                       0
<PREFERRED>                                          0                       0                       0
<COMMON>                                            82                      54                      54
<OTHER-SE>                                     129,008                 125,040                 122,259
<TOTAL-LIABILITIES-AND-EQUITY>               1,371,184               1,404,263               1,313,141
<INTEREST-LOAN>                                 55,913                  35,250                  16,708
<INTEREST-INVEST>                               11,955                   6,447                   2,016
<INTEREST-OTHER>                                   829                     493                     137
<INTEREST-TOTAL>                                68,697                  42,190                  18,861
<INTEREST-DEPOSIT>                              32,631                  20,587                   8,933
<INTEREST-EXPENSE>                              41,294                  25,780                  11,341
<INTEREST-INCOME-NET>                           27,403                  16,410                   7,520
<LOAN-LOSSES>                                        0                       0                       0
<SECURITIES-GAINS>                                   0                       0                    (396)
<EXPENSE-OTHER>                                 26,738                  16,691                   7,889
<INCOME-PRETAX>                                 12,079                   6,626                   2,328
<INCOME-PRE-EXTRAORDINARY>                      12,079                       0                   2,328
<EXTRAORDINARY>                                      0                       0                       0
<CHANGES>                                            0                       0                       0
<NET-INCOME>                                     7,405                   4,065                   1,429
<EPS-PRIMARY>                                     1.00                    0.57                    0.23
<EPS-DILUTED>                                     0.93                    0.53                    0.21
<YIELD-ACTUAL>                                    2.59                    2.33                    2.87
<LOANS-NON>                                      2,257                   1,627                   1,761
<LOANS-PAST>                                         0                       0                       0
<LOANS-TROUBLED>                                     0                       0                       0
<LOANS-PROBLEM>                                    124                       0                       0
<ALLOWANCE-OPEN>                                 5,475                   5,478                   2,272
<CHARGE-OFFS>                                       46                      22                       0
<RECOVERIES>                                         6                       2                       3
<ALLOWANCE-CLOSE>                                5,435                   5,458                   5,478
<ALLOWANCE-DOMESTIC>                                 0                     525                     525
<ALLOWANCE-FOREIGN>                                  0                       0                       0
<ALLOWANCE-UNALLOCATED>                          5,435                   4,933                   4,885
        

 

EX-27.2

 


 
<ARTICLE> 9
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<CASH>                                           7,645
<INT-BEARING-DEPOSITS>                          19,596
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                      7,138
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                        611,643
<ALLOWANCE>                                      2,272
<TOTAL-ASSETS>                                 667,964
<DEPOSITS>                                     462,869
<SHORT-TERM>                                   111,900
<LIABILITIES-OTHER>                             14,326
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            27
<OTHER-SE>                                      56,599
<TOTAL-LIABILITIES-AND-EQUITY>                 667,964
<INTEREST-LOAN>                                 10,687
<INTEREST-INVEST>                                  274
<INTEREST-OTHER>                                   137
<INTEREST-TOTAL>                                11,098
<INTEREST-DEPOSIT>                               4,828
<INTEREST-EXPENSE>                               6,824
<INTEREST-INCOME-NET>                            4,274
<LOAN-LOSSES>                                        0
<SECURITIES-GAINS>                                  70
<EXPENSE-OTHER>                                  5,666
<INCOME-PRETAX>                                  1,764
<INCOME-PRE-EXTRAORDINARY>                       1,764
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,079
<EPS-PRIMARY>                                     0.27
<EPS-DILUTED>                                     0.26
<YIELD-ACTUAL>                                    2.72
<LOANS-NON>                                      1,163
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 2,412
<CHARGE-OFFS>                                      150
<RECOVERIES>                                        10
<ALLOWANCE-CLOSE>                                2,272
<ALLOWANCE-DOMESTIC>                               550
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                          1,722
        

 

EX-27.3

 


 
<ARTICLE> 9
<MULTIPLIER> 1,000
       
                                                                                  
<PERIOD-TYPE>                              YEAR                    9-MOS                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1996             SEP-30-1996             SEP-30-1996
<PERIOD-END>                               SEP-30-1996             JUN-30-1996             MAR-31-1996
<CASH>                                           6,069                   5,048                   5,021
<INT-BEARING-DEPOSITS>                          22,924                  27,248                  36,498
<FED-FUNDS-SOLD>                                     0                       0                       0
<TRADING-ASSETS>                                     0                       0                       0
<INVESTMENTS-HELD-FOR-SALE>                      7,365                   7,652                   8,197
<INVESTMENTS-CARRYING>                               0                       0                       0
<INVESTMENTS-MARKET>                                 0                       0                       0
<LOANS>                                        593,134                 601,785                 612,453
<ALLOWANCE>                                      2,412                   2,407                   2,405
<TOTAL-ASSETS>                                 650,897                 662,482                 682,029
<DEPOSITS>                                     452,472                 466,109                 471,927
<SHORT-TERM>                                   108,949                  99,042                  68,991
<LIABILITIES-OTHER>                             11,463                  16,308                  18,830
<LONG-TERM>                                          0                       0                       0
<PREFERRED-MANDATORY>                                0                       0                       0
<PREFERRED>                                          0                       0                       0
<COMMON>                                            27                      22                      22
<OTHER-SE>                                      55,444                  55,441                  54,319
<TOTAL-LIABILITIES-AND-EQUITY>                 650,897                 662,482                 682,029
<INTEREST-LOAN>                                 43,404                  32,755                  22,086
<INTEREST-INVEST>                                1,264                     984                     679
<INTEREST-OTHER>                                 1,033                     842                     514
<INTEREST-TOTAL>                                45,701                  34,581                  23,279
<INTEREST-DEPOSIT>                              19,691                  14,816                   9,914
<INTEREST-EXPENSE>                              28,967                  22,082                  15,026
<INTEREST-INCOME-NET>                           16,734                  12,499                   8,253
<LOAN-LOSSES>                                       50                      50                      50
<SECURITIES-GAINS>                                 452                     300                     308
<EXPENSE-OTHER>                                 25,696                  16,947                  11,088
<INCOME-PRETAX>                                  3,935                   5,071                   3,664
<INCOME-PRE-EXTRAORDINARY>                       3,935                   5,071                   3,664
<EXTRAORDINARY>                                      0                       0                       0
<CHANGES>                                            0                       0                       0
<NET-INCOME>                                     3,074                   3,355                   2,223
<EPS-PRIMARY>                                     0.76                    0.83                    0.55
<EPS-DILUTED>                                     0.73                    0.80                    0.53
<YIELD-ACTUAL>                                    2.58                    2.54                    2.50
<LOANS-NON>                                        932                     731                     866
<LOANS-PAST>                                         0                       0                       0
<LOANS-TROUBLED>                                     0                       0                       0
<LOANS-PROBLEM>                                      0                       0                       0
<ALLOWANCE-OPEN>                                 2,589                   2,589                   2,589
<CHARGE-OFFS>                                      246                     246                     246
<RECOVERIES>                                        19                      14                      12
<ALLOWANCE-CLOSE>                                2,412                   2,407                   2,405
<ALLOWANCE-DOMESTIC>                               550                     544                     573
<ALLOWANCE-FOREIGN>                                  0                       0                       0
<ALLOWANCE-UNALLOCATED>                          1,862                   1,863                   1,832
        

 

EX-27.4

 


 
<ARTICLE> 9
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-END>                               DEC-31-1995
<CASH>                                           6,661
<INT-BEARING-DEPOSITS>                          22,369
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                      8,728
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                        624,743
<ALLOWANCE>                                      2,530
<TOTAL-ASSETS>                                 684,230
<DEPOSITS>                                     459,187
<SHORT-TERM>                                    85,734
<LIABILITIES-OTHER>                             17,868
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            22
<OTHER-SE>                                      53,086
<TOTAL-LIABILITIES-AND-EQUITY>                 684,230
<INTEREST-LOAN>                                 11,164
<INTEREST-INVEST>                                  353
<INTEREST-OTHER>                                   266
<INTEREST-TOTAL>                                11,783
<INTEREST-DEPOSIT>                               4,981
<INTEREST-EXPENSE>                               7,714
<INTEREST-INCOME-NET>                            4,069
<LOAN-LOSSES>                                       50
<SECURITIES-GAINS>                                  98
<EXPENSE-OTHER>                                  5,296
<INCOME-PRETAX>                                  1,701
<INCOME-PRE-EXTRAORDINARY>                       1,701
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,022
<EPS-PRIMARY>                                     0.25
<EPS-DILUTED>                                     0.24
<YIELD-ACTUAL>                                    2.15
<LOANS-NON>                                      1,145
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 2,589
<CHARGE-OFFS>                                      109
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                                2,530
<ALLOWANCE-DOMESTIC>                               768
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                          1,762