-----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, TYuDW4aRO9UdUS/Bovn6MeI+AI52WW81AIFOlZNgIv5uG1RqA67JxY0FLvZa09mp kuFGCkVSO3tFp7BTT1vsvA== 0000946275-97-000015.txt : 19970120 0000946275-97-000015.hdr.sgml : 19970120 ACCESSION NUMBER: 0000946275-97-000015 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970117 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970117 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: MISSISSIPPI VIEW HOLDING CO CENTRAL INDEX KEY: 0000933404 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 411795363 STATE OF INCORPORATION: MN FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25546 FILM NUMBER: 97507541 BUSINESS ADDRESS: STREET 1: 35 E BROADWAY CITY: LITTLE FALLS STATE: MN ZIP: 56345 BUSINESS PHONE: 6126325461 MAIL ADDRESS: STREET 1: 35 EAST BROADWAY CITY: LITTLE FALLS STATE: MN ZIP: 56345-3093 8-K 1 FORM 8-K 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) January 17, 1996 MISSISSIPPI VIEW HOLDING COMPANY - -------------------------------------------------------------------------------- (Exact name of Registrant as specified in its Charter) Minnesota 0-25346 41-1795363 --------- ------- ---------- (State or other jurisdiction (SEC File No.) (IRS Employer of incorporation) Identification Number) 35 East Broadway, Minnesota 56345 --------------------------- ----- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (320) 632-5461 -------------- Not Applicable - -------------------------------------------------------------------------------- (Former name or former address, if changed since last Report) MISSISSIPPI VIEW HOLDING COMPANY INFORMATION TO BE INCLUDED IN REPORT ------------------------------------ Item 5. Other Events ------------ The Registrant announced corrections to its 1996 financial information. For further details, reference is made to the Press Release dated January 17, 1996, which is attached hereto as Exhibit 99 and incorporated herein by this reference. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits ----------------------------------------- (c) Exhibits: 99 Press Release dated January 17, 1997. 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, thereunto duly authorized. MISSISSIPPI VIEW HOLDING COMPANY Date: January 17, 1997 By: /s/Thomas J. Leiferman ---------------- ---------------------- Thomas J. Leiferman President and Chief Executive Officer EX-99 2 EXHIBIT 99 EXHIBIT 99 [Mississippi View Holding Company Letterhead] PRESS RELEASE January 16, 1997 For More Information, contact: Thomas J. Leiferman, President/CEO Mississippi View Holding Company 35 East Broadway Little Falls, MN 56345-3093 (320) 632-5461 Mississippi View Holding Company Announces Corrections to 1996 Financial Information Little Falls, Minnesota (NASDAQ "MIVI"). Thomas J. Leiferman, President of Mississippi View Holding Company, Little Falls, Minnesota, announced the Company determined its 1996 fiscal year end financial information was incorrect due to an error in the amount of shares of stock of the Federal Home Loan Mortgage Corporation ("FHLMC") owned by the Company. The additional shares issued in a previous 3-for-1 stock split were not recorded which resulted in the amount of stock owned being understated by 8,792 shares. Mr. Leiferman stated that this error had no effect on net income or earnings per share but did have an effect on certain balance sheet items and their corresponding ratios. Due to the correction, securities available for sale, total assets and stockholders' equity increased $871,814, $707,912, and $523,089, respectively, at September 30, 1996, with a corresponding decrease to deferred tax assets of $163,902 which reduced other assets. There also were corresponding changes to average equity and assets ratios, net yield and book value per share. The attached financial information reflects the corrections. Mississippi View Holding Company Financial Highlights Condensed Consolidated Statement of Financial Condition
September 30, 1996 September 30, 1996 Corrected Previously Reported ------------------ ------------------- Assets Cash and Cash Equivalents $ 2,563,654 $ 2,583,654 Investments 23,051,751 22,179,937 Loans 43,248,944 43,248,944 Other Assets 1,834,382 1,998,284 ---------- ---------- Total Assets $70,718,731 $70,010,819 ========== ========== Liabilities Deposits $56,531,194 $56,531,194 Other Liabilities 1,224,203 1,039,380 ---------- ---------- Total Liabilities $57,755,397 $57,570,574 Stockholders' Equity $12,963,334 $12,440,245 ---------- ---------- Total Liabilities & Stockholders' Equity $70,718,731 $70,010,819 ========== ==========
Selected Financial Ratios
At or for the Twelve Months Ended September 30, ----------------------------------------------- 1996 1996 Corrected Previously Reported --------- ------------------- Return on Average Equity 4.05% 4.18% Return on Average Assets 0.80% 0.80% Net Yield on Average Interest Earning Assets 3.83% 3.87% Book Value per Share(1) $14.77 $14.17
(1) The number of shares outstanding at September 30, 1996 was 877,714, including shares sold to the ESOP and purchased by the Management Stock Bonus Plan. -----END PRIVACY-ENHANCED MESSAGE-----