-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UwvnalYqg62GM/mIVMdovdeqHFtWmxEMddiw/F8plp6WMeRyrbH8RasPUdZrn9A6 j790dm5BThjLkQ2WHViyvA== 0001214916-05-000020.txt : 20050520 0001214916-05-000020.hdr.sgml : 20050520 20050520111603 ACCESSION NUMBER: 0001214916-05-000020 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050520 DATE AS OF CHANGE: 20050520 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SERVICE BANCORP INC CENTRAL INDEX KEY: 0001063939 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 043430806 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-54741 FILM NUMBER: 05846879 BUSINESS ADDRESS: STREET 1: 81 MAIN STREET CITY: MEDWAY STATE: MA ZIP: 02053 MAIL ADDRESS: STREET 1: 81 MAIN STREET CITY: MEDWAY STATE: MA ZIP: 02053 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HOVDE ERIC D CENTRAL INDEX KEY: 0001019973 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: BUSINESS PHONE: 2027758109 MAIL ADDRESS: STREET 1: 1826 JEFFERSON PLACE NW CITY: WASHINGTON STATE: DC ZIP: 20036 SC 13D 1 servicebancorpinc13d.txt 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D UNDER THE EXCHANGE ACT OF 1934 Service Bancorp, Inc. - ------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.01 Par Value - ------------------------------------------------------------------------------- (Title of Class of Securities) 81756X 10 3 ------------------------------------------------------------------------------- (CUSIP Number) Richard J. Perry, Jr., Esquire 1826 Jefferson Place, N.W. Washington, D.C. 20036 (202) 822-8117 ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 12, 2005 ------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.[ ] NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240.13d-7(b) for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 5 2
- ------------------------------------------------------------------------------- CUSIP NUMBER 81756X 10 3 - ------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Eric D. Hovde - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) X - ------------------------------------------------------------------------------- 3. SEC Use Only - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS (See Instructions) AF/WC - ------------------------------------------------------------------------------- 5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Citizenship: United States of America - ------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES BENEFICIALLY OWNED BY 0 EACH ---------------------------------------------------------------- REPORTING 8. SHARED VOTING POWER PERSON WITH(1) 83,200 shares ---------------------------------------------------------------- 9. SOLE DISPOSITIVE POWER 0 ---------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 83,200 shares ---------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 83,200 shares - ------------------------------------------------------------------------------- 12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. [ ] - ------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.0% - ------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------- (1) Eric D. Hovde beneficially owns the 83,200 shares of the common stock of Service Bancorp, Inc. (the "Shares") referred to herein as follows: (i) Eric D. Hovde is a Trustee of The Eric D. and Steven D. Hovde Foundation, which is the direct owner of 700 Shares; (ii) Eric D. Hovde is a Trustee of The Hovde Financial, Inc. Profit Sharing Plan and Trust, which is the direct owner of 3,250 Shares; and (iii) Eric D. Hovde is the Managing Member, President and Chief Executive Officer of Hovde Capital Advisors LLC, the registered investment adviser to (a) Financial Institution Partners, L.P., which is the direct owner of 35,125 Shares, (b) Financial Institution Partners, Ltd., which is the direct owner of 12,720 Shares, (c) Financial Institution Partners III, L.P., which is the direct owner of 26,295 Shares, and (d) Financial Institution Partners IV, L.P., which is the direct owner of 5,110 Shares.
Page 2 of 5 3 Item 1. Security and Issuer This statement relates to the common stock, $.01 par value per share, of Service Bancorp, Inc. (the "Shares"). The address of the principal executive offices of Service Bancorp, Inc. (the "Issuer") is 81 Main Street, Medway, MA 02053. Item 2. Identity and Background (a), (b) Eric D. Hovde (the "Reporting Person") is the individual filing this Schedule 13D. The Reporting Person's business address is 1826 Jefferson Place, N.W., Washington, D.C. 20036 (c) The Reporting Person's principal occupation is President and Chief Executive Officer of Hovde Capital Advisors LLC, an investment adviser registered under the Investment Advisers Act of 1940, as amended. The pricipal executive office of Hovde Capital Advisors LLC is 1826 Jefferson Place, N.W., Washington, D.C. 20036. (d) During the last five years, the Reporting Person was not convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors). (e) During the last five years, the Reporting Person was not party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) The Reporting Person is a citizen of the United States of America. Item 3. Source and Amount of Funds or Other Consideration The Reporting Person is the indirect owner of the 83,200 Shares reported herein. These 83,200 Shares are directly owned by The Eric D. and Steven D. Hovde Foundation, The Hovde Financial, Inc. Profit Sharing Plan and Trust, Financial Institution Partners, L.P., Financial Institution Partners, Ltd., Financial Institution Partners III, L.P., and Financial Institution Partners IV, L.P. (collectively, the "Direct Owners"). The nature of the beneficial ownership of the 83,200 Shares reported herein by the Reporting Person and the Direct Owners is more fully set out in Item 5 below. The Direct Owners purchased the Shares using working capital; therefore, the Reporting Person, which is an indirect beneficial owner of the Shares by virtue of his position as a Trustee to or Managing Member of the investment adviser to each of the Direct Owners, acquired his indirect beneficial interest in the Shares with the funds of his affiliates. The amount of such working capital used by each of the Direct Owners to purchase that portion of the 83,200 Shares it owns directly is as follows: (i) The Eric D. and Steven D. Hovde Foundation - $19,845.00; (ii) The Hovde Financial, Inc. Profit Sharing Plan and Trust - $58,359.90; (iii) Financial Institution Partners, L.P. - $894,761.78; (iv) Financial Institution Partners, Ltd. - $325,938.38; (v) Financial Institution Partners III, L.P. - $632,494.69; and (vi) Financial Institution Partners IV, L.P. - $126,653.59. None of the Direct Owners borrowed funds to purchase the Shares reported herein. Page 3 of 5 4 Item 4. Purpose of Transaction The Shares reported herein by the Reporting Person were acquired by the Direct Owners for the purpose of investment. The Reporting Person and the Direct Owners expect to evaluate on an ongoing basis their investment in the Shares and may, from time to time, dispose of or acquire additional Shares or formulate other purposes, plans or proposals regarding the Issuer or the Shares. Any such acquisitions or dispositions may be made, subject to applicable law, in open market or privately negotiated transactions or otherwise. Except as described above, the Reporting Person and the Direct Owners do not have any plans or proposals that relate to, or could result in, any of the matters referred to in paragraphs (b) through (j), inclusive, of Item 4 of the Schedule 13D. Item 5. Interest in Securities of the Issuer (a) The Reporting Person may be deemed to be the beneficial owner of 83,200 Shares of the Issuer based on his interests in or positions with the following entities: (i) Eric D. Hovde is a Trustee of The Eric D. and Steven D. Hovde Foundation, which is the direct owner of 700 Shares; (ii) Eric D. Hovde is a Trustee of The Hovde Financial, Inc. Profit Sharing Plan and Trust, which is the direct owner of 3,250 Shares; and (iii) Eric D. Hovde is the Managing Member, President and Chief Executive Officer of Hovde Capital Advisors LLC, the registered investment adviser to (a) Financial Institution Partners, L.P., which is the direct owner of 35,125 Shares, (b) Financial Institution Partners, Ltd., which is the direct owner of 12,720 Shares, (c) Financial Institution Partners III, L.P., which is the direct owner of 26,295 Shares, and (d) Financial Institution Partners IV, L.P., which is the direct owner of 5,110 Shares. Based on the Issuer's Form 10-Q for the period ended March 31, 2005, the number of outstanding shares of the common stock of the Issuer was 1,661,085. Therefore, based on the foregoing, the Reporting Person may be deemed to be the beneficial owner of 5.0% of the Shares. (b) The Reporting Person, as a Trustee to or Managing Member of the investment adviser to each of the Direct Owners, has shared power to vote, to direct the vote, to dispose of, and to direct the disposition of the 83,200 Shares reported herein with each of the Direct Owners in such amounts as described above in Item 5(a). (c) During the past sixty days, the following three transactions in the Shares were effected indirectly by the Reporting Person: (i) On April 5, 2005, Financial Institution Partners, Ltd. purchased, in the open market, 1,200 Shares at a price of $27.00 per share, net of any commissions. (ii) On May 12, 2005, Financial Institution Partners, L.P. purchased, in the open market, 8,365 Shares at a price of $25.50 per Share, net of any commissions. (iii) On May 12, 2005, Financial Institution Partners, Ltd. purchased, in the open market, 3,635 Shares at a price of $25.50 per Share, net of any commissions. (d) With respect to the 83,200 Shares reported herein, the following persons have the right to receieve, or the power to direct the receipt of, dividends from, or the proceeds from the sale of, that number of Shares set opposite its name: (i) The Eric D. and Steven D. Hovde Foundation - 700 Shares; (ii) The Hovde Financial, Inc. Profit Sharing Plan and Trust - 3,250 Shares; (iii) Financial Institution Partners, L.P. - 35,125 Shares; (iv) Financial Institution Partners, Ltd. - 12,720 Shares; (v) Financial Institution Partners III, L.P. - 26,295 Shares; and (vi) Financial Institution Partners IV, L.P. - 5,110 Shares. (e) Not Applicable. Page 4 of 5 5 Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. None. Item 7. Materials to be filed as Exhibits None Signatures After reasonable inquiry and to the best of his knowledge and belief, the undersigned Reporting Person certifies that the information set forth in this statement with respect to him is true, complete and correct. /s/ Eric D. Hovde ------------------------------------------------- Eric D. Hovde Dated: 05/20/05 Page 5 of 5 -----END PRIVACY-ENHANCED MESSAGE-----