SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
ANNUAL REPORT
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
[X] ANNUAL REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT
OF 1934 [NO FEE REQUIRED, EFFECTIVE OCTOBER 7, 1996].
For the fiscal year ended September 30, 2000
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OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934 [NO FEE REQUIRED].
For the transition period from _______________ to ______________________
Commission File Number ______________
A. Full title of the plan and the address of the plan, if different
from that of the issuer named below:
Pocahontas Federal Savings and Loan Association 401(k) Savings and Employee
Stock Ownership Plan
B: Name of issuer of the securities held pursuant to the plan and the
address of its principal executive office:
Pocahontas Bancorp, Inc.
203 West Broadway
Pocahontas, Arkansas 72455
SUMMARY ANNUAL REPORT
FOR POCAHONTAS FEDERAL SAVINGS & LOAN ASSOCIATION 401(K)
SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN
This is a summary of the annual report for the Pocahontas Federal Savings &
Loan Association 401(k) Savings and Employee Stock Ownership Plan, EIN
71-0142782, Plan No. 001, for the period October 1, 1999 through September 30,
2000. The annual report has been filed with the U.S. Department of Labor's
Pension and Welfare Benefits Administration, as required under the Employee
Retirement Income Security Act of 1974 (ERISA).
Basic Financial Statement
Benefits under the plan are provided through a trust fund. A total of 119
persons were participants in or beneficiaries of the plan at the end of the plan
year, although not all of these persons had yet earned the right to receive
benefits.
The value of plan assets, was $4,962,794 as of September 30, 2000, compared
to $4,739,225 as of October 1, 1999. The ESOP loan balance was $2,000,068 at
September 30, 2000. The plan had a total net gain of $873,165, including
employer contributions of $542,420, employee contributions of $21,526,
distributions of $(437,315), ESOP Loan interest of $(158,829), and net
investment earnings of $905,363.
The employer contribution of $542,420 was applied toward the interest and
principal payments on the ESOP loan. As a result of these payments 41,130 shares
of common stock were released from the ESOP suspense accounts and were allocated
to participant accounts.
Your Rights To Additional Information
You have the right to receive a copy of the full annual report. To obtain a
copy of the full annual report, or any part thereof, write or call Pocahontas
Federal Savings & Loan Association, 203 W. Broadway, Pocahontas, AR 72455, (870)
892-4595.
You also have the right to receive from the plan administrator, on request
and at no charge, a statement of the assets and liabilities of the plan and
accompanying notes, or a statement of income and expenses of the plan and
accompanying notes, or both. If you request a copy of the full annual report
from the plan administrator, these two statements and accompanying notes will be
included as part of that report.
You also have the legally protected right to examine the annual report at
the main office of the plan (Pocahontas Federal Savings & Loan Association, 203
W. Broadway, Pocahontas, AR 72455) and at the U.S. Department of Labor in
Washington, D.C., or to obtain a copy from the U.S. Department of Labor upon
payment of copying costs. Requests to the Department should be addressed to:
Public Disclosure Room, Room N-5638, Pension and Welfare Benefits
Administration, U.S. Department of Labor, 200 Constitution Avenue, N.W.,
Washington, D.C. 20210.
SIGNATURES
The Plan. Pursuant to the requirements of the Securities 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.
POCAHONTAS FEDERAL SAVINGS AND LOAN ASSOCIATION
401(k) SAVINGS AND EMPLOYEE STOCK OWNERSHIP PLAN
Date: March 28, 2001 By: /s/ James A. Edington
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James A. Edington
President and Chief Executive Officer