FORM 11-K
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
[X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the Fiscal Year Ended December 31, 1996 OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Commission File Number: 0-22953
A. Full title of the plan and the address of the plan, if different from
that of the issuer named below:
Pioneer Bank, FSB Profit Sharing 401(k) Plan
B. Name of issuer of the securities held pursuant to the plan and the
address of its principal executive office:
Oregon Trail Financial Corp.
2055 First Street
Baker City, Oregon 97814
THE PLAN IS SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS
AMENDED ("ERISA"). IN ACCORDANCE WITH ITEM NO. 4 OF REQUIRED INFORMATION, THE
PLAN FINANCIAL STATEMENTS AND SCHEDULES ATTACHED HERETO ARE PREPARED IN
ACCORDANCE WITH THE FINANCIAL REPORTING REQUIREMENTS OF ERISA.
Pioneer Bank, FSB Profit Sharing 401(k) Plan
Balance Sheet*
At At
January 1, 1996 December 31, 1996
--------------- -----------------
Assets
Cash . . . . . . . . . . . . . -- --
Loans to participants:
Mortgages. . . . . . . . . -- --
Other. . . . . . . . . . . 24,959 44,125
Value of interest in
registered investment
companies . . . . . . . . . 2,013,146 1,959,892
Value of funds held in
insurance company general
account (unallocated
contracts). . . . . . . . . -- 317,294
Total. . . . . . . . . . . . 2,038,105 2,321,311
Employer-related investments:
Employer securities. . . . . -- --
Employer real property . . . -- --
Buildings and other property
used in plan operations . . . -- --
Total assets . . . . . . . . . 2,038,105 2,321,311
Liabilities
Benefit claims payables. . . . -- --
Operating payables . . . . . . -- --
Acquisitions indebtedness. . . -- --
Other liabilities. . . . . . . -- --
Total liabilities. . . . . . . -- --
Net assets . . . . . . . . . . 2,035,105 2,321,311
- -------------------
* Prepared in accordance with the financial reporting requirements of the
Employee Retirement Income Security Act of 1974, as amended, applicable to
plans with fewer than 100 participants.
Pioneer Bank, FSB Profit Sharing 401(k) Plan
Statement of Income*
Amount Total
------ -----
Income
Contributions received or receivable from:
Employers. . . . . . . . . . . . . . . . . 108,810 --
Participants . . . . . . . . . . . . . . . 245,061 --
Others . . . . . . . . . . . . . . . . . . -- --
Noncash contributions. . . . . . . . . . . . -- --
Total contributions. . . . . . . . . . . . . -- 353,871
Earnings on investments:
Interest:
Interest-bearing cash (including money
market funds) . . . . . . . . . . . . . -- --
Certificates of deposit. . . . . . . . . -- --
U.S. Government securities . . . . . . . -- --
Corporate debt instruments . . . . . . . -- --
Mortgage loans . . . . . . . . . . . . . -- --
Other loans. . . . . . . . . . . . . . . 1,697 --
Other interest . . . . . . . . . . . . . -- --
Total interest . . . . . . . . . . . . . . -- 1,697
Net investment gain (loss) from registered
investment companies. . . . . . . . . . . . -- (24,978)
Other income . . . . . . . . . . . . . . . . -- 7,746
Total income . . . . . . . . . . . . . . . . -- 338,336
Expenses
Benefit payment and payments to provide benefits:
Directly to participants or beneficiaries. 52,729 --
To insurance carriers for the provision
of benefits . . . . . . . . . . . . . . . -- --
Other. . . . . . . . . . . . . . . . . . . -- --
Total payments . . . . . . . . . . . . . . -- 52,729
Administration expenses:
Accounting fees. . . . . . . . . . . . . . -- --
Actuarial fees . . . . . . . . . . . . . . -- --
Contract administrator fees. . . . . . . . -- --
Investment advisory and management fees. . -- --
Legal fees . . . . . . . . . . . . . . . . -- --
Valuation/appraisal fees . . . . . . . . . -- --
Trustees fees/expenses (including travel,
seminars, meetings etc.). . . . . . . . . -- --
Other. . . . . . . . . . . . . . . . . . . 2,401 --
Total administrative expenses. . . . . . . . -- 2,401
Total expenses . . . . . . . . . . . . . . . -- 55,130
Net income (loss). . . . . . . . . . . . . . -- 283,206
Net assets at beginning of year. . . . . . . -- 2,038,105
Net assets at end of year. . . . . . . . . . -- 2,321,311
- ----------------
* Prepared in accordance with the financial reporting requirements of the
employee Retirement Income Security Act of 1974, as amended, applicable to
plans with fewer than 100 participants.
SIGNATURE
The Plan. Pursuant to the requirements of the Securities and 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.
Pioneer Bank, FSB Profit Sharing 401(k) Plan
Date: October 8, 1997 By: /s/ Dan L. Webber
--------------------------------------
Dan L. Webber
President and Chief Executive Officer