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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 15, 2005
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IBT BANCORP, INC.
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(Exact name of registrant as specified in its charter)
Pennsylvania 1-31655 25-1532164
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
309 Main Street, Irwin, Pennsylvania 15642
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (724) 863-3100
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Not Applicable
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below)
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c)).
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IBT BANCORP, INC.
INFORMATION TO BE INCLUDED IN REPORT
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ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
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On February 17, 2005, the Registrant issued a press release announcing its
results of operations for the quarter and year ended December 31, 2004. A copy
of the press release is furnished with this report as exhibit 99.1.
ITEM 2.06. MATERIAL IMPAIRMENTS
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On February 15, 2005, the Registrant's Board of Directors determined to
take a non-cash impairment charge of $2.4 million as of December 31, 2004 as the
result of other-than-temporary declines in the value of certain adjustable-rate
preferred stock issued by the Federal Home Loan Mortgage Corporation and Federal
National Mortgage Association that the Registrant holds in portfolio. The
impairment will not result in future cash expenditures. For additional
information, reference is made to the Registrant's press release dated February
17, 2005 which is filed as Exhibit 99.2 and incorporated by reference herein.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
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(c) Exhibits:
99.1 Press Release, dated February 17, 2005
99.2 Press Release, dated February 17, 2005
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 hereunto duly authorized.
IBT BANCORP, INC.
Date: February 17, 2005 By: /s/ Charles G. Urtin
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Charles G. Urtin
President and Chief Executive Officer
(Duly Authorized Representative)