13F-HR 1 nia2q04.txt FIRST NIAGARA INV MGMT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2004 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Niagara Investment Advisors, Inc. Address: 25 Northpointe Pkwy, Suite 40 Amherst, NY 14228 13F File Number: 28-07114 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Darlene Steinwachs Title: Compliance Officer Phone: 716-636-7400 Signature, Place, and Date of Signing: /s/ Darlene Steinwachs Buffalo, NY July 12, 2004 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 99 Form13F Information Table Value Total: $59,557 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M CO COM 88579Y101 853 9475 SH DEFINED 5350 4125 0 ALCON INC COM SHS H01301102 366 4650 SH DEFINED 1550 3100 0 AMERICAN EXPRESS CO COM 025816109 1367 26600 SH DEFINED 12750 13850 0 AMERICAN EXPRESS CO COM 025816109 5 100 SH OTHER 0 0 100 AMERICAN INTL GROUP INC COM 026874107 506 7105 SH DEFINED 1500 5605 0 AMERICAN INTL GROUP INC COM 026874107 67 946 SH OTHER 0 0 946 AMGEN INC COM 031162100 303 5550 SH DEFINED 2250 3300 0 AMGEN INC COM 031162100 11 200 SH OTHER 0 0 200 AMSOUTH BANCORPORATION COM 032165102 1708 67062 SH DEFINED 31400 35662 0 APACHE CORP COM 037411105 1112 25525 SH DEFINED 12700 12825 0 AVON PRODS INC COM 054303102 546 11850 SH DEFINED 3800 8050 0 AVON PRODS INC COM 054303102 46 1000 SH OTHER 0 0 1000 BANK OF AMERICA CORPORATION COM 060505104 280 3311 SH DEFINED 1000 2311 0 BANK OF AMERICA CORPORATION COM 060505104 137 1615 SH OTHER 0 0 1615 BECKMAN COULTER INC COM 075811109 1373 22500 SH DEFINED 11225 11275 0 BECKMAN COULTER INC COM 075811109 6 100 SH OTHER 0 0 100 BELLSOUTH CORP COM 079860102 457 17425 SH DEFINED 8625 8800 0 BOSTON SCIENTIFIC CORP COM 101137107 203 4750 SH DEFINED 650 4100 0 CISCO SYS INC COM 17275R102 819 34560 SH DEFINED 10800 23760 0 CISCO SYS INC COM 17275R102 52 2200 SH OTHER 0 0 2200 CITIGROUP INC COM 172967101 1510 32453 SH DEFINED 14290 18163 0 CITIGROUP INC COM 172967101 172 3700 SH OTHER 0 0 3700 CMKM DIAMOND INC COM COM 125809103 1 2000000 SH DEFINED 0 2000000 0 COCA COLA CO COM 191216100 222 4400 SH DEFINED 1600 2800 0 COLGATE PALMOLIVE CO COM 194162103 1658 28361 SH DEFINED 7675 20686 0 COLGATE PALMOLIVE CO COM 194162103 6 100 SH OTHER 0 0 100 COMERICA INC COM 200340107 772 14075 SH DEFINED 6050 8025 0 CORNING INC COM 219350105 968 74100 SH DEFINED 26200 47900 0 DANAHER CORP DEL COM 235851102 254 4900 SH DEFINED 1600 3300 0 DELL INC COM 24702R101 1067 29800 SH DEFINED 14825 14975 0 DELL INC COM 24702R101 7 200 SH OTHER 0 0 200 DIAMONDS TR UNIT SER 1 252787106 213 2035 SH DEFINED 200 1835 0 DNP SELECT INCOME FD COM 23325P104 154 14600 SH DEFINED 3600 11000 0 DOW CHEM CO COM 260543103 231 5675 SH DEFINED 2100 3575 0 DU PONT E I DE NEMOURS & CO COM 263534109 942 21217 SH DEFINED 9400 11817 0 DU PONT E I DE NEMOURS & CO COM 263534109 4 100 SH OTHER 0 0 100 EMERSON ELEC CO COM 291011104 1339 21075 SH DEFINED 10800 10275 0 EXXON MOBIL CORP COM 30231G102 1282 28867 SH DEFINED 6703 22164 0 EXXON MOBIL CORP COM 30231G102 34 770 SH OTHER 0 0 770 FIRST NIAGARA FINL GP INC COM 33582V108 10754 896143 SH DEFINED 0 896143 0 GABELLI EQUITY TR INC COM 362397101 258 31700 SH OTHER 0 0 31700 GABELLI UTIL TR COM 36240A101 159 17295 SH OTHER 0 0 17295 GANNETT INC COM 364730101 339 4000 SH DEFINED 1000 3000 0 GENERAL ELEC CO COM 369604103 2585 79800 SH DEFINED 26925 52875 0 GENERAL ELEC CO COM 369604103 146 4500 SH OTHER 0 0 4500 HARLEY DAVIDSON INC COM 412822108 304 4900 SH DEFINED 2300 2600 0 HEWLETT PACKARD CO COM 428236103 208 9845 SH DEFINED 2400 7445 0 HOME DEPOT INC COM 437076102 261 7425 SH DEFINED 2150 5275 0 IMAGING DIAGNOSTIC SYS INC COM COM 45244W100 12 30000 SH SOLE 30000 0 0 INTEL CORP COM 458140100 1564 56675 SH DEFINED 35750 20925 0 INTEL CORP COM 458140100 3 100 SH OTHER 0 0 100 INTERNATIONAL BUSINESS MACHS COM 459200101 1742 19765 SH DEFINED 10775 8990 0 ITT INDS INC IND COM 450911102 1444 17400 SH DEFINED 8775 8625 0 ITT INDS INC IND COM 450911102 8 100 SH OTHER 0 0 100 J P MORGAN CHASE & CO COM 46625H100 786 20269 SH DEFINED 7870 12399 0 J P MORGAN CHASE & CO COM 46625H100 34 865 SH OTHER 0 0 865 J P MORGAN CHASE SER K 5 875% PREFERRED STOCKS 46626V207 249 11500 SH DEFINED 700 10800 0 LILLY ELI & CO COM 532457108 1276 18250 SH DEFINED 8900 9350 0 LILLY ELI & CO COM 532457108 3 50 SH OTHER 0 0 50 LINCOLN NATL CORP IND COM 534187109 1151 24350 SH DEFINED 10550 13800 0 LIZ CLAIBORNE INC COM 539320101 653 18150 SH DEFINED 7950 10200 0 LOWES COS INC COM 548661107 310 5900 SH DEFINED 2750 3150 0 M & T BK CORP COM 55261F104 401 4600 SH DEFINED 750 3850 0 M & T BK CORP COM 55261F104 87 1000 SH OTHER 0 0 1000 MAXIM INTEGRATED PRODS INC COM 57772K101 1269 24200 SH DEFINED 13425 10775 0 MELLON FINL CORP COM 58551A108 252 8600 SH DEFINED 3325 5275 0 MELLON FINL CORP COM 58551A108 3 100 SH OTHER 0 0 100 MERCK & CO INC COM 589331107 337 7095 SH DEFINED 1600 5495 0 MERCK & CO INC COM 589331107 14 300 SH OTHER 0 0 300 MICROSOFT CORP COM 594918104 1844 64560 SH DEFINED 27475 37085 0 MICROSOFT CORP COM 594918104 211 7400 SH OTHER 0 0 7400 MORGAN STANLEY COM NEW 617446448 1156 21900 SH DEFINED 10050 11850 0 MORGAN STANLEY COM NEW 617446448 7 125 SH OTHER 0 0 125 MORGAN STANLEY 5 750% 07/15/33 PREFERRED STOCKS 617466206 246 11725 SH DEFINED 1500 10225 0 MORGAN STANLEY 5 750% 07/15/33 PREFERRED STOCKS 617466206 21 1000 SH OTHER 0 0 1000 MORGAN STANLEY CAP TR III 6 25 PREFERRED STOCKS 617460209 289 12700 SH DEFINED 1500 11200 0 MRV COMMUNICATIONS INC COM 553477100 38 14000 SH SOLE 14000 0 0 NASDAQ 100 TR UNIT SER 1 631100104 341 9039 SH DEFINED 500 8539 0 NASDAQ 100 TR UNIT SER 1 631100104 4 100 SH OTHER 0 0 100 ORACLE CORP COM 68389X105 202 16965 SH DEFINED 3350 13615 0 ORACLE CORP COM 68389X105 7 600 SH OTHER 0 0 600 PFIZER INC COM 717081103 1738 50699 SH DEFINED 22526 28173 0 PFIZER INC COM 717081103 22 640 SH OTHER 0 0 640 PNC FINL SVCS GROUP INC COM 693475105 1083 20400 SH DEFINED 10400 10000 0 PNC FINL SVCS GROUP INC COM 693475105 32 600 SH OTHER 0 0 600 PROCTER & GAMBLE CO COM 742718109 563 10350 SH DEFINED 7250 3100 0 SBC COMMUNICATIONS INC COM 78387G103 310 12775 SH DEFINED 2325 10450 0 SBC COMMUNICATIONS INC COM 78387G103 33 1350 SH OTHER 0 0 1350 SCHLUMBERGER LTD COM 806857108 200 3150 SH DEFINED 1500 1650 0 SPDR TR UNIT SER 1 78462F103 243 2120 SH DEFINED 200 1920 0 STRYKER CORP COM 863667101 473 8600 SH DEFINED 2650 5950 0 TEXAS INSTRS INC COM 882508104 518 21402 SH DEFINED 10721 10681 0 TIME WARNER INC COM 887317105 552 31373 SH DEFINED 21299 10074 0 TIME WARNER INC COM 887317105 2 100 SH OTHER 0 0 100 VANGUARD TOTAL SK MKT INDEX FD MUTUAL FUNDS 922908306 313 11683 SH DEFINED 0 11683 0 VIACOM INC CL B 925524308 909 25435 SH DEFINED 11807 13628 0 VIACOM INC CL B 925524308 5 150 SH OTHER 0 0 150 WAL MART STORES INC COM 931142103 282 5350 SH DEFINED 3700 1650 0 WYETH COM 983024100 248 6850 SH DEFINED 0 6850 0