1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 10-Q/A
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended:....................................June 30, 2001
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 Number:..................................................0-25980
First Citizens Banc Corp
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(Exact name of registrant as specified in its charter)
Ohio 34-1558688
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(State or other jurisdiction of incorporation (I.R.S. Employer
or organization) Identification Number)
100 East Water Street, Sandusky, Ohio 44870
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(Address of principle executive offices) (Zip Code)
Registrant's telephone number, including area code: (419) 625-4121
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.
[X] Yes
[ ] No
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
Common Stock, no par value
Outstanding at August 14, 2001
4,082,619 common shares
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FIRST CITIZENS BANC CORP
Index
PART I. Financial Information
ITEM 1. Financial Statements:
Consolidated Balance Sheets (unaudited)
June 30, 2001 and December 31, 2000.............................3
SIGNATURES....................................................................4
The Consolidated Balance Sheets (unaudited) for June 30, 2001 and December 31,
2000 have been corrected to include the amount of the line item "Federal Funds
Sold" in the "Total Assets" line item for the period ended June 30, 2001.
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FIRST CITIZENS BANC CORP
Consolidated Balance Sheets
(In thousands, except share data)
(Unaudited)
June 30, December 31,
Assets 2001 2000
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Cash and due from banks $ 15,396 $ 15,735
Federal Funds Sold 4,880 0
Interest-bearing deposits 0 51
Securities
Available-for-sale 112,179 115,514
Held-to-maturity (Estimated Fair Value of $235 at
June 30, 2001, and $278 at December 31, 2000) 230 278
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Total securities 112,409 115,792
Loans held for sale 1,292 571
Loans 348,970 346,089
Less: Allowance for loan losses (4,353) (4,107)
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Net loans 344,617 341,982
Office premises and equipment, net 7,132 7,221
Intangible assets 1,706 1,869
Accrued interest and other assets 6,454 6,038
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Total assets $ 493,886 $ 489,259
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Liabilities
Deposits
Noninterest-bearing deposits $ 43,189 $ 42,306
Interest-bearing deposits 370,144 349,662
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Total deposits 413,333 391,968
Federal Home Loan Bank borrowings 1,108 1,400
Securities sold under agreements to repurchase 10,365 12,946
U. S. Treasury interest-bearing demand deposit note payable 2,034 1,207
Notes payable to other financial institutions 14,000 10,600
Federal funds purchased 0 20,000
Accrued interest, taxes and other expenses 3,202 3,213
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Total liabilities 444,042 441,334
Shareholders' Equity
Common stock, no par value; 10,000,000 shares authorized,
4,263,401 shares issued 23,258 23,258
Retained earnings 29,485 28,614
Treasury stock, 180,782 shares at cost at June 30, 2001,
175,782 shares at cost at December 31, 2000 (4,919) (4,818)
Accumulated other comprehensive income 2,020 871
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Total shareholders' equity 49,844 47,925
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Total liabilities and shareholders' equity $ 493,886 $ 489,259
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See notes to interim consolidated financial statements Page 3
4
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has caused this report to be signed on its behalf the undersigned
thereunto duly authorized.
First Citizens Banc Corp
/s/ David A. Voight August 17, 2001
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David A. Voight Date
President
/s/ James O. Miller August 17, 2001
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James O. Miller Date
Executive Vice President