1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 __________________ FORM 10-Q/A (Mark one) /X/ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 1994 OR / / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-8937 BancTEXAS Group Inc. (Exact name of registrant as specified in its charter) Delaware 75-1604965 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification Number) P. O. Box 802527 Dallas, Texas 75380-2527 (Address of principal executive offices) (Zip Code) (214) 701-4700 (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 -------- -------- As of November 14, 1994, 20,520,525 shares of the registrant's Common Stock, $.01 par value, and 37,500,000 shares of the registrant's Class B Common Stock, $.01 par value, were outstanding. 2 BancTEXAS Group Inc. CONSOLIDATED STATEMENTS OF OPERATIONS - Unaudited Three Months Nine Months ended September 30, ended September 30, -------------------- -------------------- 1994 1993 1994 1993 -------- -------- -------- -------- (Dollars in thousands, except per share) INTEREST INCOME Loans ................................ $ 3,838 $ 3,784 $ 11,016 $ 11,644 Investment securities ................ 2,048 1,505 5,910 4,893 Federal funds sold ................... 11 32 72 93 Other interest income ................ 6 4 48 12 -------- -------- -------- -------- Total interest income .......... 5,903 5,325 17,046 16,642 INTEREST EXPENSE Deposits ............................. 1,766 1,877 5,186 5,878 Securities sold under agreements to repurchase ......................... 778 517 2,359 1,217 Other short-term borrowings .......... 12 6 28 19 Federal funds purchased .............. 44 - 44 - FHLB advances ........................ 425 - 911 - Long-term debt ....................... 24 24 71 71 -------- -------- -------- -------- Total interest expense ......... 3,049 2,424 8,599 7,185 -------- -------- -------- -------- Net interest income ............ 2,854 2,901 8,447 9,457 Provision for loan losses .............. 455 100 605 330 -------- -------- -------- -------- Net interest income after provision for loan losses .... 2,399 2,801 7,842 9,127 NONINTEREST INCOME Service charges and fees ............. 397 435 1,191 1,283 Investment securities gains (losses) . (7,055) 147 (7,055) 184 Loan sales and loan servicing income . 101 284 371 600 Other ................................ 66 43 418 152 -------- -------- -------- -------- Total noninterest income ....... (6,491) 909 (5,075) 2,219 NONINTEREST EXPENSE Personnel expense .................... 3,728 1,636 7,168 4,804 Occupancy ............................ 317 331 961 1,065 Equipment ............................ 194 225 634 673 Litigation settlement expense ........ - 52 - 52 Professional fees .................... 274 364 1,031 1,261 Net operating expense of foreclosed property ................ 173 74 196 167 Communications and supplies .......... 260 286 779 774 Data processing ...................... 235 229 706 682 Other ................................ 425 209 1,137 927 -------- -------- -------- -------- Total noninterest expense ...... 5,606 3,406 12,612 10,405 -------- -------- -------- -------- Net income (loss) before taxes ........................ (9,698) 304 (9,845) 941 Income tax expense (benefit) ........... (9,209) - (9,209) - -------- -------- -------- -------- Net income (loss) .............. $ (489) $ 304 $ (636) $ 941 ======== ======== ======== ======== PER SHARE Net income (loss) .................... $ (.01) $ .01 $ (.02) $ .04 ======== ======== ======== ======== Weighted average common shares and common share equivalents outstanding 36,324 23,379 27,808 23,285 ======== ======== ======== ======== See Notes to Consolidated Financial Statements. 2