=============================================================================== SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 ----------------------- FORM 10-QSB/A (Mark One) X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1996 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES ACT OF 1934 FOR THE TRANSITION PERIOD FROM __________ TO ___________ COMMISSION FILE NO. 2-78580 --------------------------- PNB FINANCIAL GROUP ------------------------------------------------------ (Exact Name of Small Business Issuer as Specified in its Charter) CALIFORNIA 95-3847640 - ------------------------------- ------------------------------- (STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER IDENTIFICATION NO.) INCORPORATION OR REORGANIZATION) 4665 MACARTHUR COURT NEWPORT BEACH, CALIFORNIA 92660 ------------------------------- (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (714) 851-1033 -------------------------------------------------- (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 REQUIREMENTS FOR THE PAST 90 DAYS. Yes X No ------ ------ THE NUMBER OF SHARES OF REGISTRANT'S COMMON STOCK OUTSTANDING AT AUGUST 4, 1996 WAS 2,164,783. THIS REPORT INCLUDES A TOTAL OF 2 PAGES ================================================================================ PNB FINANCIAL GROUP CONDENSED CONSOLIDATED STATEMENTS OF INCOME THREE MONTHS ENDED JUNE 30, 1996 AND 1995 (unaudited) 1996 1995 ---------- ---------- Interest income: Loans, including fees $3,338,000 $2,967,000 Investment securities 113,000 189,000 Federal funds sold 38,000 19,000 ---------- ---------- Total interest income 3,489,000 3,175,000 Interest expense 992,000 864,000 ---------- ---------- Net interest income 2,497,000 2,311,000 Provision for possible loan losses 300,000 235,000 ---------- ---------- Net interest income after provision for possible loan losses 2,197,000 2,076,000 Other income: Commissions and other revenue from mortgage banking operations 3,067,000 1,248,000 Service charges, fees and other 475,000 242,000 ---------- ---------- Total other income 3,542,000 1,490,000 Other expenses: Mortgage banking operations 2,274,000 933,000 Salaries & employee benefits 1,026,000 890,000 Occupancy 393,000 407,000 Other 767,000 804,000 ---------- ---------- Total other expense 4,460,000 3,034,000 Income before income taxes 1,279,000 532,000 Provision for income taxes 227,000 - ---------- ---------- Net income $1,052,000 $ 532,000 ========== ========== Net income per share $ .46 $ .24 ========== ========== Weighted average number of shares 2,311,006 2,217,199 See accompanying notes 5