SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
ANNUAL REPORT
Pursuant to Section 15(d) of the
Securities Exchange Act of 1934 (Fee Required)
For the Fiscal Year ended December 31, 1994
PROFIT SHARING INVESTMENT PLAN
OF
FIRSTIER FINANCIAL, INC.
(Issuer) and Participating Subsidiaries
1700 Farnam Street
Omaha, Nebraska 68102
FIRSTIER FINANCIAL, INC.
PROFIT SHARING INVESTMENT PLAN
FINANCIAL STATEMENTS AS OF
DECEMBER 31, 1994 AND 1993
AND SUPPLEMENTAL DATA
TOGETHER WITH AUDITORS' REPORTS
FIRSTIER FINANCIAL, INC.
PROFIT SHARING INVESTMENT PLAN
INDEX TO FINANCIAL STATEMENTS
Report of Independent Public Accountants
Statements of Net Assets Available for Plan Benefits as of
December 31, 1994 and 1993
Statement of Changes in Net Assets Available for Plan Benefits
for the Year Ended December 31, 1994
Notes to Financial Statements--December 31, 1994 and 1993
Supplemental Schedules:
Schedule of Assets Held for Investment Purposes as of
December 31, 1994 SCHEDULE I
Schedule of 5% Reportable Transactions for the
Year Ended December 31, 1994 SCHEDULE II
Supplemental Schedules Omitted as Not Applicable:
Investment Assets Both Acquired and Disposed of
Within the Plan Year
Loans or Fixed Income Obligations
Leases in Default or Classified as Uncollectible
Nonexempt Transactions
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Retirement Committee of
FirsTier Financial, Inc.
Profit Sharing Investment Plan:
We have audited the accompanying statements of net assets available for plan
benefits of FirsTier Financial, Inc. Profit Sharing Investment Plan as
of December 31, 1994 and 1993, and the related statement of changes in net
assets available for plan benefits for the year ended December 31, 1994,
as listed in the accompanying index. These financial statements and the
schedules referred to below are the responsibility of the Plan's management.
Our responsibility is to express an opinion on these financial statements
and schedules based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly,
in all material respects, the net assets available for benefits of the Plan as
of December 31, 1994 and 1993, and the changes in its net assets available for
benefits for the year ended December 31, 1994, in conformity with generally
accepted accounting principles.
Our audits were made for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules of assets
held for investment purposes and 5% reportable transactions are presented for
purposes of additional analysis and are not a required part of the
basic financial statements but are supplementary information required by
the Department of Labor Rules and Regulations for Reporting and Disclosure under
the Employee Retirement Income Security Act of 1974. The supplemental schedules
have been subjected to the auditing procedures applied in the audits of the
basic financial statements and, in our opinion, are fairly stated in all
material respects in relation to the basic financial statements taken as a
whole.
Omaha, Nebraska,
June 13, 1995
FIRSTIER FINANCIAL, INC.
PROFIT SHARING INVESTMENT PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
AS OF DECEMBER 31, 1994
(NOTES 1 AND 2)
FirsTier
Fixed Financial, Inc.
Balanced Income Equity Bond Common Combined
Fund Fund Fund Fund Stock Fund Funds
----------- ---------- ----------- ---------- --------------- -----------
ASSETS:
Investments, at current value (Note 3)-
U.S. Government obligations $ - $1,707,690 $ - $ - $ - $ 1,707,690
U.S. Government agencies - 1,989,529 - - - 1,989,529
FirsTier Bank, N.A., Omaha, Collective
Investment Funds-
Employee Benefit Trust Bond Fund 8,655,649 - - 2,117,939 - 10,773,588
Employee Benefit Value Added
Common Stock Fund 8,777,575 - 10,113,735 - - 18,891,310
FirsTier Financial, Inc. common stock - - - - 12,163,386 12,163,386
Corporate and other bonds - 2,146,778 - - - 2,146,778
Cash and cash equivalents 60,677 2,411,162 45,439 27,781 22,348 2,567,407
Participant notes receivable (Note 5) 793,080 - - - - 793,080
----------- ---------- ----------- ---------- ----------- -----------
Total investments 18,286,981 8,255,159 10,159,174 2,145,720 12,185,734 51,032,768
----------- ---------- ----------- ---------- ----------- -----------
Receivables-
Employer profit sharing contribution 760,019 271,171 484,847 74,407 555,814 2,146,258
Employer matching contribution 320,762 122,771 211,625 27,246 254,088 936,492
Accrued investment income 240 84,901 189 142 100,403 185,875
Interfund transfers, net (5,402) (738) 2,753 885 2,502 -
Other 194,367 (1,416) (57,800) (105,001) 61,280 91,430
----------- ---------- ----------- ---------- ----------- -----------
Total receivables 1,269,986 476,689 641,614 (2,321) 974,087 3,360,055
----------- ---------- ----------- ---------- ----------- -----------
NET ASSETS AVAILABLE FOR PLAN BENEFITS $19,556,967 $8,731,848 $10,800,788 $2,143,399 $13,159,821 $54,392,823
=========== ========== =========== ========== =========== ===========
The accompanying notes are an integral part of this statement.
FIRSTIER FINANCIAL, INC.
PROFIT SHARING INVESTMENT PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
AS OF DECEMBER 31, 1993
(NOTES 1 AND 2)
FirsTier
Fixed Financial, Inc.
Balanced Income Equity Bond Common Combined
Fund Fund Fund Fund Stock Fund Funds
----------- ---------- ----------- ---------- --------------- -----------
ASSETS:
Investments, at current value (Note 3)-
U.S. Government obligations $ - $ 251,330 $ - $ - $ - $ 251,330
U.S. Government agencies - 3,523,957 - - - 3,523,957
FirsTier Bank, N.A., Omaha, Collective
Investment Funds-
Employee Benefit Trust Bond Fund 8,475,411 - - 1,975,570 - 10,450,981
Employee Benefit Value Added
Common Stock Fund 9,132,521 - 8,772,955 - - 17,905,476
FirsTier Financial, Inc. common stock - - - - 11,485,012 11,485,012
Corporate and other bonds - 4,363,825 - - - 4,363,825
Cash and cash equivalents 87,416 139,366 96,292 19,019 121,088 463,181
Participant notes receivable (Note 5) 634,519 - - - - 634,519
----------- ---------- ----------- ---------- ----------- -----------
Total investments 18,329,867 8,278,478 8,869,247 1,994,589 11,606,100 49,078,281
----------- ---------- ----------- ---------- ----------- -----------
Receivables-
Employer profit sharing contribution 765,266 300,896 391,561 78,836 518,545 2,055,104
Employer matching contribution 320,449 134,685 175,873 28,280 235,835 895,122
Participants' contributions 25,866 9,910 16,161 3,039 21,346 76,322
Accrued investment income 220 107,178 328 61 90,544 198,331
Interfund transfers, net 298 61,118 (112,947) (2,037) 53,568 -
Other 270,962 2,631 50,000 75,600 - 399,193
----------- ---------- ----------- ---------- ----------- -----------
Total receivables 1,383,061 616,418 520,976 183,779 919,838 3,624,072
----------- ---------- ----------- ---------- ----------- -----------
NET ASSETS AVAILABLE FOR PLAN BENEFITS $19,712,928 $8,894,896 $9,390,223 $2,178,368 $12,525,938 $52,702,353
=========== ========== ========== ========== =========== ===========
The accompanying notes are an integral part of this statement.
FIRSTIER FINANCIAL, INC.
PROFIT SHARING INVESTMENT PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 1994
(NOTES 1 AND 2)
FirsTier
Fixed Financial, Inc.
Balanced Income Equity Bond Common Combined
Fund Fund Fund Fund Stock Fund Funds
----------- ---------- ----------- ---------- --------------- -----------
ADDITIONS:
Contributions-
Employer profit sharing $ 760,019 $ 271,171 $ 484,847 $ 74,407 $ 555,814 $ 2,146,258
Employer matching 320,762 122,771 211,625 27,246 254,088 936,492
Participants 647,713 224,925 456,899 62,576 560,250 1,952,363
----------- ---------- ----------- ---------- ----------- -----------
1,728,494 618,867 1,153,371 164,229 1,370,152 5,035,113
Investment income-
Interest 79,224 374,321 4,905 2,887 15,909 477,246
Dividends - - - - 391,888 391,888
----------- ---------- ----------- ---------- ----------- -----------
79,224 374,321 4,905 2,887 407,797 869,134
----------- ---------- ----------- ---------- ----------- -----------
Net appreciation, in fair value of
investments-
Net realized gains (losses) 407,972 (35,066) 70 8,812 81,533 463,321
Net change in unrealized appreciation
(depreciation)-
U.S. Government obligations - (10,183) - - - (10,183)
U.S. Government agencies - (32,280) - - - (32,280)
FirsTier Bank, N.A., Omaha,
Collective Investment Funds-
Employee Benefit Trust Bond
Fund (459,338) - - (80,780) - (540,118)
Employee Benefit Value Added
Common Stock Fund (629,760) - (339,220) - - (968,980)
FirsTier Financial, Inc. common
stock - - - - (593,419) (593,419)
Corporate and other bonds - (31,806) - - - (31,806)
----------- ---------- ----------- ---------- ----------- -----------
(1,089,098) (74,269) (339,220) (80,780) (593,419) (2,176,786)
----------- ---------- ----------- ---------- ----------- -----------
(681,126) (109,335) (339,150) (71,968) (511,886) (1,713,465)
----------- ---------- ----------- ---------- ----------- -----------
Employee rollovers and other transfers 39,094 35,801 58,173 112,797 44,407 290,272
Net interfund transfers (285,624) (203,671) 970,806 (141,557) (339,954) -
----------- ---------- ----------- ---------- ----------- -----------
Total additions 880,062 715,983 1,848,105 66,388 970,516 4,481,054
DEDUCTIONS:
Distributions to participants 1,037,754 875,345 437,633 101,449 406,106 2,858,287
Other (1,731) 3,686 (93) (92) (69,473) (67,703)
----------- ---------- ----------- ---------- ----------- -----------
Total deductions 1,036,023 879,031 437,540 101,357 336,633 2,790,584
----------- ---------- ----------- ---------- ----------- -----------
INCREASE (DECREASE) IN NET ASSETS
AVAILABLE FOR PLAN BENEFITS (155,961) (163,048) 1,410,565 (34,969) 633,883 1,690,470
NET ASSETS AVAILABLE FOR PLAN BENEFITS,
beginning of year 19,712,928 8,894,896 9,390,223 2,178,368 12,525,938 52,702,353
----------- ---------- ----------- ---------- ----------- -----------
NET ASSETS AVAILABLE FOR PLAN BENEFITS,
end of year $19,556,967 $8,731,848 $10,800,788 $2,143,399 $13,159,821 $54,392,823
=========== ========== =========== ========== =========== ===========
The accompanying notes are an integral part of this statement.
FIRSTIER FINANCIAL, INC.
PROFIT SHARING INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1994 AND 1993
1. PLAN DESCRIPTION:
The following description of the FirsTier Financial, Inc. Profit Sharing
Investment Plan (the Plan) provides only general information. Participants
should refer to the Plan Agreement for a more complete description of the Plan's
provisions.
GENERAL
The Plan is a defined contribution plan sponsored by FirsTier Financial, Inc.;
FirsTier Bank, N.A., Omaha; FirsTier Bank, N.A., Lincoln; FirsTier Bank, N.A.,
Scottsbluff; FirsTier Bank, N.A., Norfolk; FirsTier Securities, Inc.; and
Wyoming Trust and Management Company (collectively, the Sponsor). Prior to
January 1, 1993, an employee became eligible to participate on the first
January 1 or July 1 after receiving credit for one year of service, as defined.
Effective January 1, 1993, the Plan was amended to allow employees to become
eligible the first January 1, April 1, July 1 or October 1 after receiving
credit for one year of service, as defined.
PARTICIPANT CONTRIBUTIONS
A participant may make deductible voluntary contributions from one percent to
ten percent of eligible compensation under a salary reduction agreement, subject
to certain Internal Revenue Code limitations. The Plan also provides for
rollovers of lump-sum distributions by participants from certain individual
retirement accounts.
SPONSOR CONTRIBUTIONS
The Plan allows the Sponsor to make contributions solely on a discretionary
basis. The Sponsor's contribution consists of a matching contribution and a
profit sharing contribution.
The Sponsor's matching contribution is added to the accounts of those
participants who have made voluntary contributions for the year as noted above.
The matching contribution applies only to the first five percent of the
compensation which is subject to a salary reduction agreement and is credited to
individual participant accounts based on years of service. Any remaining amount
of the Sponsor's contribution is shared by all Plan participants, whether or not
they have made voluntary contributions, based
- 2 -
on the participant's compensation compared to all participants' combined
compensation. The total contribution by the Sponsor for 1994 was $3,082,750.
ACTIVE PARTICIPANT ACCOUNTS
Each active participant's account is credited with the participant's voluntary
contributions, Sponsor contributions, an allocation of the investment income and
forfeitures of terminated participants' nonvested accounts.
VESTING
Participants are immediately vested in their voluntary contributions and
the earnings thereon. Participants are vested in the remainder of their
accounts based upon years of service, as defined, whereby partial vesting begins
after one year of service and participants are fully vested after seven years of
service.
PAYMENT OF BENEFITS
Distributions of Plan benefits are made commencing no earlier than a
participant's death, retirement, disability or termination of employment. Upon
any of these events, the undistributed vested portion of a participant's account
is transferred from an active participant account to a matured participant
account. The amount of benefits paid is based on the value of the participant's
account and is paid by the trustee to the participant in accordance with various
options defined in the Plan. At December 31, 1994, the Plan had 25 participants
who had requested payment but had not received benefits totaling $243,611.
MATURED PARTICIPANT ACCOUNTS
The matured participant accounts are reflected in the financial statements since
the accounts still remain under the protection of the Plan. However, a separate
accounting is made of these accounts apart from the assets of the active
participants of the Plan. An allocation of investment income is made to the
matured participant accounts but no further contributions can be made to the
accounts after participants are transferred to the matured participant account
status. At December 31, 1994 and 1993, the net assets attributable to these
matured accounts were $7,384,200 and $7,705,273, respectively.
Prior to January 1, 1993, matured account participants were allowed to invest,
at their option, in investments outside the five basic funds offered to the
active participants. Effective January 1, 1993, the accounting for the matured
participants was integrated with the assets of the active participants and the
matured participants were limited to the five basic investment options offered
by the Plan.
- 3 -
TERMINATION
Although it has not expressed any intent to do so, the Sponsor has the right
under the Plan to discontinue its contributions at any time and to terminate the
Plan subject to the provisions of the Employee Retirement Income Security Act of
1974 (ERISA). If the Plan is terminated, participants become fully vested with
respect to benefits accrued to the date of such termination or discontinuance.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
BASIS OF PRESENTATION
The accompanying financial statements have been prepared on an accrual basis of
accounting.
TRUST FUNDS MANAGED BY FIRSTIER BANK, N.A., OMAHA
Under the terms of a trust agreement between FirsTier Financial, Inc. and the
Plan, the FirsTier Bank, N.A., Omaha, Trust Division (the Bank) manages trust
funds on behalf of the Plan. The Bank has been granted discretionary authority
concerning purchases and sales of investments in the trust funds. The
investment and changes therein of the trust funds have been reported to the Plan
by the Bank as having been determined through the use of current values for all
assets and liabilities of the trust funds. Cost is based on the purchase price
of assets held.
The FirsTier Bank, N.A., Omaha, Employee Benefit Trust Bond Fund is a collective
investment fund consisting primarily of fixed income securities. The FirsTier
Bank, N.A., Omaha, Employee Benefit Value Added Common Stock Fund is a
collective investment fund consisting primarily of equity securities.
Accumulated interest and dividend income and realized gains and losses on
security sales are retained by the funds for reinvestment purposes as opposed to
being distributed to unit holders. Such interest and dividend income is
accounted for as investment income and net realized gains and losses are
accounted for as net appreciation in fair value of investments in the
accompanying statement of changes in net assets available for plan benefits.
INVESTMENT VALUATION
Current values are based on the latest quoted market prices for investments
listed on national exchanges. Unlisted investments are valued at the latest bid
prices, broker quotations or at fair value as determined by the Trust Investment
Committee of the Bank.
- 4 -
SECURITY TRANSACTIONS
Security transactions are accounted for on the trade date (date the securities
are purchased or sold). The specific cost basis is used in determining the cost
of investment securities sold.
EXPENSES OF THE PLAN
All administrative expenses of the Plan, including trustee fees, are paid by the
Sponsor.
3. INVESTMENTS:
The Plan's assets managed by the current trustee are separated into five
investment funds - the Balanced Fund, Fixed Income Fund, Equity Fund, Bond Fund
and FirsTier Financial, Inc. Common Stock Fund. Participants may select the
fund(s) in which to invest and are permitted to change this election quarterly.
Employer and employee contributions are initially deposited in a holding account
and then disbursed to the designated investment fund(s).
Investments that individually represent 5 percent or more of the Plan's net
assets are separately identified in the accompanying statements of net assets
available for plan benefits.
4. TAX STATUS:
The Plan was established to qualify under the Internal Revenue Code as exempt
from federal income taxes. In December 1994, the Sponsor executed a restated
Profit Sharing Investment Plan and Trust Agreement. This restatement was made
in order to conform with the requirements of the Tax Reform Act of 1986 and
subsequent legislation. The provisions of the newly adopted plan document are
not significantly different than those of the previous plan document. The Plan
obtained its latest determination letter on March 17, 1988, in which the IRS
stated that the Plan, as then designed, was in compliance with the applicable
requirements of the Internal Revenue Code. As the provisions of the Plan were
not significantly changed, the plan administrator and the Plan's legal counsel
believe the Plan is currently designed and being operated in compliance with the
applicable requirements of the Internal Revenue Code. Therefore, they believe
that the Plan is qualified and the related trust is tax exempt.
5. PARTICIPANT NOTES RECEIVABLE:
Participants are allowed to borrow from the Plan amounts not to exceed the
lesser of (a) $50,000 or (b) 50 percent of their vested accrued benefit, or if
greater, the total vested accrued benefit up to $10,000. The interest rate on
the notes is determined by the Plan Retirement Committee and is based on the
prevailing market rate. The interest rates at December 31,
- 5 -
1994 and 1993, ranged from 6.25 percent to 12.00 percent. Maturity dates on the
notes ranged from 1995 to 2014. The change in participant notes receivable
between December 31, 1994 and 1993, is as follows:
Balance, December 31, 1993 $ 634,519
New loans 245,891
Interest income 60,260
Loan payments and other (147,590)
---------
Balance, December 31, 1994 $ 793,080
=========
6. SUBSEQUENT EVENT:
On January 3, 1995, FirsTier Financial, Inc. acquired the Cornerstone
Bank Group, Inc. (Cornerstone) through an exchange of stock. Effective
January 1, 1995, Cornerstone's Retirement Savings Plan and Trust (Cornerstone's
Plan) was merged into the Plan, which assumed the assets and liabilities of
Cornerstone's Plan. Such assets and liabilities, as well as participant
balances totaling approximately $2,590,000, were transferred by the Trustee to
the Plan on January 11, 1995.
SCHEDULE I
FIRSTIER FINANCIAL, INC.
PROFIT SHARING INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
AS OF DECEMBER 31, 1994
Number of Shares Fair Market
Description or Principal Amount Cost Value
- ----------------------------------------------------------- ------------------- ------------ -----------
BALANCED FUND:
FirsTier Bank, N.A., Omaha, Collective Investment Funds-
*Employee Benefit Trust Bond Fund 106,835 $ 6,596,485 $ 8,655,649
*Employee Benefit Value Added Common Stock Fund 43,362 4,472,680 8,777,574
----------- -----------
Total Common Trust Funds 11,069,165 17,433,223
Cash and Cash Equivalents-
Short-Term Investment Company Prime Portfolio 60,678 60,678 60,678
*Participant Notes Receivable, at interest rates ranging
from 6.25 percent to 12.00 percent, maturity dates
ranging from 1995 to 2014 793,080 793,080
----------- -----------
Total Balanced Fund $11,922,923 $18,286,981
=========== ===========
____
<FN>
*Indicates a party-in-interest.
SCHEDULE I
Continued
FIRSTIER FINANCIAL, INC.
PROFIT SHARING INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
AS OF DECEMBER 31, 1994
Number of Shares Fair Market
Description or Principal Amount Cost Value
- ---------------------------------------------------------- ------------------- ----------- -----------
FIXED INCOME FUND:
U.S. Government Agencies-
Federal Home Loan Mortgage Corp., 4.06 percent
note, due March 24, 1995 250,000 $ 250,000 $ 248,595
Federal Home Loan Bank, 4.09 percent note, due
June 21, 1995 125,000 125,469 123,363
Federal Home Loan Bank, 4.00 percent note, due
July 19, 1995 500,000 500,000 493,040
Federal Farm Credit Bank, 3.98 percent note, due
August 25, 1995 250,000 250,000 245,200
Federal Farm Credit Bank, 3.88 percent note, due
September 1, 1995 250,000 250,078 245,000
Federal Home Loan Bank, 4.08 percent note, due
September 22, 1995 250,000 250,000 244,455
Federal Home Loan Bank, 3.81 percent note, due
October 4, 1995 400,000 400,000 389,876
----------- -----------
Total U.S. Government Agencies 2,025,547 1,989,529
----------- -----------
U.S. Government Obligations-
U.S. Treasury bills, due March 30, 1995 500,000 492,975 492,793
U.S. Treasury bills, due April 27, 1995 500,000 489,628 489,477
U.S. Treasury bills, due June 29, 1995 500,000 484,225 484,090
U.S. Treasury notes, 4.00 percent, due January 31,
1996, dated January 31, 1994 250,000 249,478 241,330
----------- -----------
Total U.S. Government Obligations $ 1,716,306 $ 1,707,690
----------- -----------
SCHEDULE I
Continued
FIRSTIER FINANCIAL, INC.
PROFIT SHARING INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
AS OF DECEMBER 31, 1994
Number of Shares Fair Market
Description or Principal Amount Cost Value
- ---------------------------------------------------------- ------------------- ----------- -----------
Corporate and Other Bonds-
General Electric Capital Corporation, notes,
5.63 percent, due January 15, 1995 250,000 $ 253,893 $ 250,000
Southern California Edison, First and Refinanced
Mortgage Bonds, 5.55 percent, due February 1, 1995 910,000 923,291 909,363
American Brands Inc. notes, 5.25 percent, due
July 15, 1995 500,000 509,500 494,765
General Electric Capital Corporation notes,
5.25 percent, due November 15, 1995 500,000 508,750 492,650
----------- -----------
Total Corporate and Other Bonds $ 2,195,434 $ 2,146,778
----------- -----------
Cash and Cash Equivalents-
Short-Term Investment Company Prime Portfolio 2,411,162 $ 2,411,162 $ 2,411,162
----------- -----------
Total Fixed Income Fund $ 8,348,449 $ 8,255,159
=========== ===========
EQUITY FUND:
*FirsTier Bank, N.A., Omaha, Employee Benefit Value
Added Common Stock Fund 49,962 $ 6,887,559 $10,113,735
Cash and Cash Equivalents-
Dreyfus Treasury Prime Cash Management 45,439 45,439 45,439
----------- -----------
Total Equity Fund $ 6,932,998 $10,159,174
=========== ===========
- -----
<FN>
*Indicates a party-in-interest.
SCHEDULE I
Continued
FIRSTIER FINANCIAL, INC.
PROFIT SHARING INVESTMENT PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
AS OF DECEMBER 31, 1994
Number of Shares Fair Market
Description or Principal Amount Cost Value
- --------------------------------------------------------- ------------------- ----------- ------------
BOND FUND:
*FirsTier Bank, N.A., Omaha, Employee Benefit Trust
Bond Fund 26,141 $ 1,946,252 $ 2,117,939
Cash and Cash Equivalents-
Dreyfus Treasury Prime Cash Management 27,781 27,781 27,781
----------- -----------
Total Bond Fund $ 1,974,033 $ 2,145,720
=========== ===========
FIRSTIER FINANCIAL INC. COMMON STOCK FUND:
*FirsTier Financial, Inc. Common Stock 384,613 $ 9,638,856 $12,163,386
Cash and Cash Equivalents-
Dreyfus Treasury Prime Cash Management 22,348 22,348 22,348
----------- -----------
Total FirsTier Financial Inc. Common Stock Fund $ 9,661,204 $12,185,734
=========== ===========
Total Combined Investments $38,839,607 $51,032,768
=========== ===========
- -----
<FN>
*Indicates a party-in-interest.
SCHEDULE II
FIRSTIER FINANCIAL, INC.
PROFIT SHARING INVESTMENT PLAN
SCHEDULE OF 5% REPORTABLE TRANSACTIONS
FOR THE YEAR ENDED DECEMBER 31, 1994
Purchases Sales
------------------------- -----------------------------------------------
Number of Total Number of Selling Net Gain
Description Transactions Cost Transactions Cost Price (Loss)
- ------------------------------------------------------ ------------ ---------- ------------ ---------- --------- --------
BALANCED FUND:
*FirsTier Bank, N.A., Omaha, Employee Benefit Value
Added Common Stock Fund 5 $ 558,566 3 $ 283,639 556,343 $272,704
Short-Term Investment Company Prime Portfolio 43 3,494,592 84 3,475,533 3,475,533 -
FIXED INCOME FUND:
Short-Term Investment Company Prime Portfolio 79 7,737,213 57 5,426,327 5,426,327 -
U.S. Treasury Bills 8 3,688,832 5 2,222,004 2,222,003 1
EQUITY FUND:
*FirsTier Bank, N.A., Omaha, Employee Benefit Value
Added Common Stock Fund 11 1,680,000 - - - -
Master Reserves Trust Money Market Fund 23 1,270,491 19 1,366,783 1,366,783 -
Dreyfus Treasury Prime Cash Management 18 689,866 19 644,426 644,426 -
BOND FUND:
Master Reserves Trust Money Market Fund 25 462,553 18 481,572 481,572 -
Dreyfus Treasury Prime Cash Management 21 215,423 14 187,643 187,643 -
FIRSTIER FINANCIAL, INC. COMMON STOCK FUND:
Master Reserves Trust Money Market Fund 25 1,811,587 30 1,932,674 1,932,674 -
Dreyfus Treasury Prime Cash Management 22 754,906 22 732,557 732,557 -
- ------
<FN>
*Indicates a party-in-interest.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
INDEX
Page No.
Item 4. --------
Plan Financial Statements and Schedules as of
December 31, 1994 and 1993, and Independent
Public Accountants' Report . . . . . . . . . . . . . . . . . 1-16
Exhibit 1.
Consent of Independent Public Accountants . . . . . . . . . . . . 17
######
SIGNATURES
THE PLAN. Pursuant to the requirements of the Securities Exchange Act of 1934,
the trustees (or other persons who administer the employee benefit plan) have
duly caused this annual report to be signed on its behalf by the undersigned
hereunto duly authorized.
FIRSTIER FINANCIAL, INC.
PROFIT SHARING INVESTMENT PLAN
Date: June 28, 1995 By: /s/ John F. Mock
---------------------------
John F. Mock
Retirement Committee Member