SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
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o | Preliminary Proxy Statement | |
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o | Definitive Proxy Statement | |
o | Definitive Additional Materials | |
ý | Soliciting Material Pursuant to §240.14a-12 | |
ACCESS ANYTIME BANCORP, INC. | ||||
(Name of Registrant as Specified In Its Charter) | ||||
(Name of Person(s) Filing Proxy Statement, if other than the Registrant) | ||||
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NEWS
ACCESS ANYTIME BANCORP, INC.
For Immediate Release:
(Albuquerque, New Mexico) July 31, 2003
Net Income as of June 30, 2003 reported at $728,161 ($.54 per dilutive share) an increase of 81% over the first half of the prior year.
Access Anytime BanCorp, Inc., the holding company (Company) for FIRSTBANK (Bank), reported net income as of June 30, 2003 of $728,161 ($.54 per dilutive share). The six-month net income compared to June 30, 2002 net income of $401,975 ($.30 per diluted share) an increase of 81%. Net income for the second quarter ended June 30, 2003 was $460,940 or $.35 dilutive per share compared to $143,421 or $.10 per dilutive share for three-months ended June 30, 2002, an increase of $317,519 or 221%.
Net interest income before provision for loan losses increased year-to-date 2003, $212,444 or 6.4% to $3,509,639. Although total interest income decreased by $166,230 the total interest expense decreased by $378,674 or 14.5%. The provision for loan losses was $355,000 year-to-date 2003, a decrease of $25,000.
During the six-months ended June 30, 2003, non-interest income increased by $1,061,050 or 127.6%. The primary reasons for this improvement were an increase of $110,521 in loan servicing and other fees and gain on sales of loans of $912,064.
Non-interest expense for the six-months ended June 30, 2003, increased to $3,836,000 from $3,075,848, a change of $760,152 or 25%. The principal factors in this increase were incentive compensation from loan production, occupancy expense, professional fees, and other expenses.
Income tax expense for the six-months ended June 30, 2003, increased by $212,156 or 78.2% from the prior year expense of $271,173. The primary reason was more taxable income in 2003.
Total assets for the Company at June 30, 2003 were approximately $205,470,000 compared to $190,429,000 for the prior year, an increase of $15,041,000 or 8%. The increase in assets was attributed to an increase of approximately $12.5 million in loans held-for-sale and $7 million in cash and cash equivalents. Total deposits of $164 million represented an increase of $6 million or 3.8% over the prior year.
The Bank's total equity was $20,509,000 at June 30, 2003. The regulatory ratios for a well capitalized financial institution under the current regulatory framework are: (1) 10% for Total Risk-based Capital, (2) 5% for Tier 1 Core Capital, and (3) 6% for Tier 1 Risk Capital. The June 30, 2003 ratios were 14.39%, 9.33% and 13.80% respectively, all of which exceed those standards.
FIRSTBANK currently has offices in Albuquerque, Clovis, Gallup and Portales, New Mexico. The Company's common stock trades on the Nasdaq SmallCap Market tier of the Nasdaq Stock Market under the symbol AABC.
RECENT EVENT: On July 22, 2003 the Company filed a Form 8-K with the Securities and Exchange Commission ("SEC") announcing an Agreement and Plan of Merger between First National Bank Holding Company and the Company. The merger agreement, the form of certain voting agreements, and the press release relating to the transaction were filed as exhibits to the Form 8-K.
Additional Information About the Merger and Where to Find It
Stockholders of Access Anytime BanCorp and other investors are urged to read the proxy statement that Access Anytime BanCorp will file with the SEC in connection with the proposed merger mentioned in this release because it will contain important information about Access Anytime BanCorp, the merger, the persons soliciting proxies in the merger and their interests in the merger and related matters. Investors will be able to obtain the proxy statement and all other documents filed with the SEC by Access Anytime BanCorp free of charge at the SEC's website, www.sec.gov. In addition, documents filed with the SEC by Access Anytime BanCorp will be available free of charge from Kathy Allenberg, Corporate Secretary, Access Anytime BanCorp, Inc. at PO Box 16810, Albuquerque, New Mexico 87191-6810, telephone (505) 299-0900. Stockholders of Access Anytime BanCorp should read the proxy statement carefully before making a decision concerning the merger.
Access Anytime BanCorp and its directors and executive officers may be deemed to be participants in the solicitation of proxies from Access Anytime BanCorp's stockholders to approve the merger. Information about the directors and executive officers of Access Anytime BanCorp and their ownership of Access Anytime BanCorp's common stock is set forth in Access Anytime BanCorp's proxy statement for its 2003 annual meeting of stockholders, as filed with the SEC on March 18, 2003, which is available as described in the preceding paragraph.
| Contact: | NR Corzine, Chairman, Chief Executive PO Box 16810 Albuquerque, New Mexico 87191-6810 Phone 505-299-0900 |
Date: July 31, 2003
News: Immediate Release
Access Anytime BanCorp, Inc. (Nq)
| | | | | Per Share | | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | Net (Mill) | % CHG | % CHG | ||||||||
| | | Curr | Prev | |||||||||
| AABC (Nq) | Q6/30 | 0.46 | 221 | .35 | .10 | 250 | ||||||
| AccessAny | 6 Mo. | 0.73 | 81 | .54 | .30 | 80 | ||||||
