FORM 10-QSB-AMENDED
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20552
(Mark One)
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1998
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 No. 0-25300
HARVEST HOME FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
Ohio 31-1402988
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
3621 Harrison Avenue
Cheviot, Ohio 45211
(Address of principal (Zip Code)
executive office)
Registrant's telephone number, including area code: (513)661-6612
Check whether the issuer (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
As of May 11, 1998, the latest practicable date, 891,357
shares of the registrant's common stock, without par value, were issued
and outstanding.
Harvest Home Financial Corporation
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(In thousands, except share data)
March 31, September 30,
ASSETS 1998 1997
Cash and due from banks $ 565 $ 558
Federal funds sold 1,100 2,600
Interest-bearing deposits in other financial
institutions 1,280 2,106
Cash and cash equivalents 2,945 5,264
Investment securities designated as available
for sale - at market 6 ,019 8,039
Mortgage-backed securities designated as
available for sale - at market 33,535 32,466
Loans receivable - net 45,112 45,229
Office premises and equipment - at
depreciated cost 1,131 981
Federal Home Loan Bank stock - at cost 1,550 1,219
Accrued interest receivable on loans 224 245
Accrued interest receivable on mortgage-
backed securities 135 139
Accrued interest receivable on investments and
interest-bearing deposits 67 126
Prepaid expenses and other assets 143 73
Prepaid federal income taxes 20 51
Total assets $90,881 $93,832
LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits $59,948 $58,786
Advances from the Federal Home Loan Bank 19,975 24,000
Advances by borrowers for taxes and insurance 97 107
Accrued interest payable 119 89
Other liabilities 111 253
Deferred federal income taxes 321 253
Total liabilities 80,571 83,488
Stockholders' equity
Common stock - 2,000,000 shares of no par
value authorized - 991,875 shares issued 0 0
Additional paid-in capital 6,903 6,884
Retained earnings - restricted 5,096 5,043
Shares acquired by Employee Stock Ownership
Plan (301) (378)
Shares acquired by Recognition and Retention
Plan (292) (389)
Unrealized gains on securities designated as
available for sale, net of related tax effects 96 40
Less 100,518 and 77,018 shares of treasury
stock - at cost (1,192) (856)
Total stockholders' equity 10,310 10,344
Total liabilities and stockholders' equity $90,881 $93,832
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 undersigned thereunto duly authorized.
Date: May 11, 1998 By:
John E. Rathkamp
President, Chief
Executive Officer
and Secretary
Date: May 11, 1998 By:
Dennis J. Slattery
Executive Vice
President, Treasurer
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 undersigned thereunto duly authorized.
Date: May 11, 1998 By: /s/John E. Rathkamp
John E. Rathkamp
President,
Chief Executive Officer
and Secretary
Date: May 11, 1998 By: /s/Dennis J. Slattery
Dennis J. Slattery
Executive Vice
President, Treasurer