SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(a)
OF THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ____)
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Preliminary Proxy Statement
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Definitive Proxy Statement
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Soliciting Material Pursuant to §240.14a-12
LUXEMBURG BANCSHARES, INC. |
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For Immediate Release Friday, September 02, 2005
LUXEMBURG BANCSHARES, INC. ANNOUNCES
ANNUAL SHAREHOLDER MEETING
Luxemburg, WI-September 2, 2005 --- Luxemburg Bancshares, Inc., parent company of the Bank of Luxemburg, has scheduled the Annual Shareholder Meeting for October 4, 2005 for shareholders of record as of August 24, 2005. The meeting will be held at the Rendezvous, E896 County Road N, Luxemburg, Wisconsin at 6:30p.m. Shareholders will have the opportunity to discuss and vote on the reverse/forward stock split proposal, which relates to Luxemburg Bancshares’ pending going private transaction.
Net income for the six months ending June 30, 2005 was $994,554 or $1.77 per share as compared to $497,921 or $.89 per share for the six months ending June 30, 2004. John Slatky, President of Luxemburg Bancshares, Inc. stated, “The increase in income was a result of higher levels of interest and fee income in 2005 and an accounting adjustment that reduced the 2004 net income.”
The book value of the Company’s stock at June 30, 2005 was $33.10 per share as compared to $31.37 as of June 30, 2004.
Luxemburg Bancshares, Inc. and the Bank of Luxemburg provide banking services to customers located in Luxemburg, Green Bay, Dyckesville, Algoma, Casco and Forestville from offices located in each community. The Company also provides financial planning and the sale of alternative investments to its customers in each community through the company’s affiliation with Raymond James Financial Services.
IMPORTANT LEGAL INFORMATION: SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT (WHICH WILL CONTAIN A LIST OF NAMES, AFFILIATIONS AND INTERESTS OF PARTICIPANTS IN THE SOLICITATION OF PROXIES) REGARDING THE PROPOSED TRANSACTION WHEN IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. THE PROXY STATEMENT WILL BE FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION BY THE COMPANY, AND SHAREHOLDERS MAY OBTAIN A FREE COPY OF THE PROXY STATEMENT WHEN IT BECOMES AVAILABLE, AND OTHER DOCUMENTS FILED WITH THE SEC BY THE COMPANY, AT THE SEC’S WEBSITE ATWWW.SEC.GOV. THE PROXY STATEMENT AND OTHER DOCUMENTS FILED BY THE COMPANY MAY ALSO BE OBTAINED FREE BY DIRECTING A REQUEST TO THE COMPANY AT LUXEMBURG BANCSHARES, INC., 630 MAIN STREET, LUXEMBURG, WI 54217, TELEPHONE NUMBER (920) 845-2345.
FOR MORE INFORMATION ABOUT LUXEMBURG BANCSHARES, INC.
CONTACT JOHN SLATKY AT 1-920-845-2345.
TABLES TO FOLLOW...
Luxemburg Bancshares, Inc. and Subsidiaries
Report for the Period Ended June 30, 2005
CONSOLIDATED STATEMENTS OF INCOME | Quarter Ended June 30, |
2005 | 2004 | |
Total Interest Income | 4,995,645 | 4,239,058 |
Total Interest Expense | 1,503,911 | 1,183,373 |
Net Interest Margin | 3,491,734 | 3,055685 |
Provision for Credit Losses | 210,000 | 650,000 |
Net Interest Income After Provision For Credit Losses | 3,281,734 | 2,405,685 |
Total Other Income | 1,298,307 | 1,027,341 |
Total Operating Expenses | 3,106,454 | 2,809,271 |
Income Before Provision For Income Taxes | 1,473,587 | 623,755 |
Provision for Income Taxes | 479,033 | 125,834 |
Net Income | $994,554 | $ 497,921 |
Basic Earnings Per Common Share | $1.77 | $.89 |
Weighted Average Common Shares Outstanding | ||
CONDENSED CONSOLIDATED BALANCE SHEETS
June 30, 2005 | December 31, 2004 | |
Cash and Cash Equivalents | 9,764,960 | 8,851,435 |
Investment Securities Available For Sale-Stated at Fair Value | 15,146,164 | 14,063,919 |
Net Loans | 146,775,263 | 148,875,471 |
Other Assets | 9,390,689 | 8,708,255 |
Total Assets | $181,077,076 | $180,499,080 |
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Total Deposits | 158,475,133 | 157,611,121 |
Other Liabilities | 4,046,080 | 5,093,913 |
Total Liabilities | 162,521,213 | 162,705,034 |
Total Stockholders’ Equity | 18,555,863 | 17,794,046 |
Total Liabilities and Stockholders Equity | $181,077,076 | $180,499,080 |
CONSOLIDATED STATEMENTS OF CASH FLOW
Quarter Ended June 30, | ||
2005 | 2004 | |
Cash Provided by Operating Activities | 694,684 | 1,562,642 |
Increase in Loans | 1,890,208 | (12,969,618) |
Increase in Deposits | 864,012 | 5,373,667 |
Net Purchases of Securities Available for Sale | (2,372,531) | (3,115,729) |
Other Investing & Financing Activities | 162,848 | 2,739,921 |
Net Increase (Decrease) in Cash and Cash Equivalents | 913,525 | (6,409,117) |
