FORM 10-Q/A
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
(X) QUARTERLY REPORT UNDER SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
For Quarter Ended March 31, 1995
OR
( ) 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 0-10915
CENTRAL CORPORATION
(Exact name of Registrant as Registrant as Specified in its Charter)
LOUISIANA 72-0921566
- -------------------------- --------------------
(State or other jurisdiction of I.R.S. Employer
incorporation or organization) Identification Number
300 DeSiard Street, Monroe, Louisiana 71201
-------------------------------------------
(Address of principal executive offices)
(Zip Code)
(318) 362-8500
(Registrant's telephone number, including area code)
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 require-
ments for the past 90 days.
Yes X No
--- ---
Common stock , $1.00 par value, 4,066,731 shares outstanding as of April 30,
1995.
Total number of pages in this report 10.
The exhibit index is on page 10.
The Corporation continues to maintain a high level of liquidity with
short-term liquid assets (cash, federal funds sold and investment securities
having maturities of one year or less) composing 15.5% of total assets at
March 31, 1995.
CAPITAL RESOURCES
There are basically two sources of capital available to the Corporation:
(1) internally generated capital through earnings; and (2) externally generated
capital through the sale of additional stock or the issuance of long-term debt.
The Corporation has relied primarily on internally generated capital to fund
its capital needs. At March 31, 1995, the Corporation's total capital to risk
assets ratio stood at 13.66% and its leverage ratio was 8.65%. Both ratios are
higher than at year-end and were well in excess of capital guidelines
established by regulatory agencies.
Part II - Other Information
Item 1. Legal Proceedings
Previously reported
Item 2. Changes in Securities
None
Item 3. Defaults Upon Senior Securities
None
Item 4. Submission of Matters to Vote of Security Holders
None
Item 5. Other Information
None
Item 6. Exhibits and Reports on Form 8-K
(a) Exhibits
Exhibit 27
(b) Reports on Form 8-K
None
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 under-
signed thereunto duly authorized.
CENTRAL CORPORATION
/s/ Ed Pennington
Date: June 26, 1995 ------------------------
Edmond L. Pennington
Chief Financial Officer
/s/ Larry G. Beach
------------------------
Larry G. Beach
Controller
10
[ARTICLE] 9
[LEGEND]
The schedule contains summary financial information extracted from the
consolidated statements of condition and income and is qualified in its
entirety by reference to such financial statements.
[/LEGEND]
[MULTIPLIER] 1,000
[PERIOD-TYPE] 3-MOS
[FISCAL-YEAR-END] MAR-31-1995
[PERIOD-END] MAR-31-1995
[CASH] 38,545
[INT-BEARING-DEPOSITS] 0
[FED-FUNDS-SOLD] 56,035
[TRADING-ASSETS] 0
[INVESTMENTS-HELD-FOR-SALE] 35,742
[INVESTMENTS-CARRYING] 84,751
[INVESTMENTS-MARKET] 83,135
[LOANS] 594,709
[ALLOWANCE] 9,929
[TOTAL-ASSETS] 834,052
[DEPOSITS] 743,994
[SHORT-TERM] 8,179
[LIABILITIES-OTHER] 8,322
[LONG-TERM] 774
[COMMON] 4,067
[PREFERRED-MANDATORY] 0
[PREFERRED] 0
[OTHER-SE] 68,716
[TOTAL-LIABILITIES-AND-EQUITY] 834,052
[INTEREST-LOAN] 14,041
[INTEREST-INVEST] 1,134
[INTEREST-OTHER] 1,120
[INTEREST-TOTAL] 16,295
[INTEREST-DEPOSIT] 6,416
[INTEREST-EXPENSE] 6,551
[INTEREST-INCOME-NET] 9,744
[LOAN-LOSSES] 230
[SECURITIES-GAINS] 0
[EXPENSE-OTHER] 9,000
[INCOME-PRETAX] 4,715
[INCOME-PRE-EXTRAORDINARY] 4,715
[EXTRAORDINARY] 0
[CHANGES] 0
[NET-INCOME] 2,963
[EPS-PRIMARY] .73
[EPS-DILUTED] .73
[YIELD-ACTUAL] 5.16
[LOANS-NON] 0<F1>
[LOANS-PAST] 0<F1>
[LOANS-TROUBLED] 0<F1>
[LOANS-PROBLEM] 0<F1>
[ALLOWANCE-OPEN] 9,836
[CHARGE-OFFS] 0<F1>
[RECOVERIES] 0<F1>
[ALLOWANCE-CLOSE] 9,929
[ALLOWANCE-DOMESTIC] 9,929
[ALLOWANCE-FOREIGN] 0
[ALLOWANCE-UNALLOCATED] 0
<FN>
<F1>Not reported in an interim financial statement.
</FN>