UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended December 31, 2000
o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from ______________ to _________________
Commission File Number 0-25049
FIRST PLACE FINANCIAL CORP.
(Exact name of registrant as specified in its charter)
Delaware (State or other jurisdiction of incorporation) | 34-1880130 (IRS Employer Identification Number) |
185 E. Market Street, Warren, OH (Address of principal executive offices) | 44482 (Zip Code) |
(330) 373-1221
(Registrant's telephone number, including area code)
Not Applicable
(Former name, former address and former fiscal year, if change since last report)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 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 o
Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.
16,423,540 common shares as of January 31, 2001
| December 31, 2000 | June 30, 2000 | |||||
|---|---|---|---|---|---|---|
| (Dollars in thousands) | ||||||
| ASSETS: | ||||||
| Cash and cash equivalents | $ | 23,072 | $ | 13,421 | ||
| Fed funds sold | 80,609 | 16,222 | ||||
| Securities available for sale | 395,299 | 261,051 | ||||
| Loans held for sale | 974 | 13,071 | ||||
| Loans: | ||||||
| Total loans | 1,059,441 | 711,216 | ||||
| Less allowance for loan losses | (10,831 | ) | (6,150 | ) | ||
| Net loans | 1,048,610 | 705,066 | ||||
| Premises and equipment, net | 19,593 | 10,390 | ||||
| Accrued interest receivable | 9,393 | 4,767 | ||||
| Intangibles | 21,913 | 13,148 | ||||
| Other assets | 37,024 | 14,441 | ||||
| TOTAL ASSETS | $ | 1,636,487 | $ | 1,051,577 | ||
| LIABILITIES: | ||||||
| Deposits | $ | 1,023,769 | $ | 586,748 | ||
| Securities sold under agreement to repurchase | 88,876 | 75,000 | ||||
| Federal Home Loan Bank advances | 301,365 | 227,762 | ||||
| Advances by borrowers for taxes and insurance | 4,897 | 3,163 | ||||
| Accrued interest payable | 4,482 | 1,930 | ||||
| Other liabilities | 9,474 | 8,999 | ||||
| TOTAL LIABILITIES | 1,432,863 | 903,602 | ||||
| SHAREHOLDERS’ EQUITY: | ||||||
| Preferred stock, $.01 par value: | ||||||
| Authorized 3,000,000 shares, none outstanding | 0 | 0 | ||||
| Common stock, $.01 per value: | ||||||
| 33,000,00 shares authorized; | ||||||
| 18,362,113 shares issued at December 31, 2000 and 11,241,250 shares issued at June 30, 2000 | 184 | 112 | ||||
| Additional paid in capital | 179,045 | 109,657 | ||||
| Retained earnings, substantially restricted | 60,789 | 62,855 | ||||
| Unearned recognition and retention plan shares | (3,874 | ) | (4,764 | ) | ||
| Unearned employee stock ownership plan shares | (8,804 | ) | (8,012 | ) | ||
| Treasury stock, at cost, 1,698,000 shares at December 31, 2000 and 552,800 shares at June 30, 2000 | (20,090 | ) | (6,364 | ) | ||
| Accumulated other comprehensive income (loss) | (3,626 | ) | (5,509 | ) | ||
| TOTAL SHAREHOLDERS' EQUITY | 203,624 | 147,975 | ||||
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ | 1,636,487 | $ | 1,051,577 | ||
