-----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, IN0Ue8PqSCbka2ewzbmd9F3T5bFKoI1VnEGDp0c3rLCZX6YmyuGNwU0rx9Af0xie bk7s4AgvTbMsqyjUCZ9FWA== 0000899243-99-001143.txt : 19990520 0000899243-99-001143.hdr.sgml : 19990520 ACCESSION NUMBER: 0000899243-99-001143 CONFORMED SUBMISSION TYPE: 10-K405/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19981231 FILED AS OF DATE: 19990519 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CNBT BANCSHARES INC CENTRAL INDEX KEY: 0001058995 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 760575813 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K405/A SEC ACT: SEC FILE NUMBER: 000-24553 FILM NUMBER: 99630739 BUSINESS ADDRESS: STREET 1: 5320 BELLAIRE BLVD CITY: BELLAIRE STATE: TX ZIP: 77401 BUSINESS PHONE: 7136614444 MAIL ADDRESS: STREET 1: 5320 BELLAIRE BLVD CITY: BELLAIRE STATE: TX ZIP: 77401 10-K405/A 1 AMENDMENT TO FORM 10-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K/A [x] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 1998 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD ______ TO _______ COMMISSION FILE NUMBER 000-24553 CNBT BANCSHARES, INC. (Exact name of registrant as specified in its charter) UNITED STATES 76-0575815 (State or other jurisdiction of (I.R.S. employer incorporation or organization) identification no.) 5320 BELLAIRE BOULEVARD BELLAIRE, TEXAS 77401 (Address of principal executive offices, including zip code) (713) 661-4444 (Registrant's telephone number, including area code) SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: NONE SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: COMMON STOCK, PAR VALUE $1.00 PER SHARE (Title of class) 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 --- --- Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulations S-K is not contained herein, and will not be contained, to the best of Registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. X ---- The aggregate market value of the voting stock held by non-affiliates of the registrant at March 11, 1999 was approximately $38,949,000. The aggregate market value was computed by using the closing price of the stock as of that date on the Nasdaq National Market. (For purposes of calculating this amount only, all directors and executive officers of the registrant have been treated as affiliates.) Number of shares of Common Stock, $1.00 par value, outstanding at March 11, 1999: 4,911,117. DOCUMENTS INCORPORATED BY REFERENCE: Part III -- Portions of the registrant's definitive proxy statement to be issued in connection with registrant's annual stockholders' meeting to be held on May 18, 1999. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA. CONSOLIDATED QUARTERLY FINANCIAL INFORMATION The following tables present certain unaudited financial information concerning the Company's results of operations for each of the two years ended December 31, 1998. The information should be read in conjunction with the Consolidated Financial Statements of the Company and notes thereto included elsewhere in this Annual Report.
QUARTER ENDED 1998 ------------------------------------------------------- DECEMBER 31 SEPTEMBER 30 JUNE 30 MARCH 31 ------------------ ------------ ------- -------- (DOLLARS IN THOUSANDS) Interest income........................... $6,285 $6,226 $5,835 $5,431 Interest expense.......................... 2,964 2,977 2,723 2,404 ------ ------ ------ ------ Net interest income....................... 3,321 3,249 3,112 3,027 Provision for loan losses................. 180 100 167 165 ------ ------ ------ ------ Net interest income after provision for loan losses............................. 3,141 3,149 2,945 2,862 Non-interest income....................... 631 805 806 620 Non-interest expense...................... 2,478 2,377 2,350 2,147 ------ ------ ------ ------ Income before income taxes................ 1,294 1,577 1,401 1,335 Applicable income taxes................... 44 407 346 325 ------ ------ ------ ------ Net income................................ $1,250 $1,170 $1,055 $1,010 ====== ====== ====== ====== Earnings per share: Basic.................................... $ 0.25 $ 0.23 $ 0.21 $ 0.20 Fully diluted............................ 0.25 0.23 0.20 0.20 QUARTER ENDED 1997 ------------------------------------------------- DECEMBER 31 SEPTEMBER 30 JUNE 30 MARCH 31 ------------ ------------ ------- -------- (DOLLARS IN THOUSANDS) Interest income........................... $5,385 $5,059 $4,837 $4,660 Interest expense.......................... 2,318 2,395 2,250 2,112 ------ ------ ------ ------ Net interest income....................... 3,067 2,664 2,587 2,548 Provision for loan losses................. 370 180 167 160 ------ ------ ------ ------ Net interest income after provision for loan losses............................. 2,697 2,484 2,420 2,388 Non-interest income....................... 701 703 563 540 Non-interest expense...................... 2,092 1,916 1,868 1,768 ------ ------ ------ ------ Income before income taxes................ 1,306 1,271 1,115 1,160 Applicable income taxes................... 192 358 308 296 ------ ------ ------ ------ Net income................................ $1,114 $ 913 $ 807 $ 864 ====== ====== ====== ====== Earnings per share: Basic.................................... $ 0.22 $ 0.23 $ 0.21 $ 0.22 Fully diluted............................ 0.22 0.23 0.20 0.22
The other information required by this title is contained in the financial statements and schedules set forth in Item 14(a) under the captions "Consolidated Financial Statements" and "Financial Statement Schedules" as a part of this report. SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this amended report to be signed on its behalf by the undersigned, thereunto duly authorized on May 15, 1999. CITIZENS NATIONAL BANK OF TEXAS By: /s/ B. Ralph Williams --------------------------------- B. Ralph Williams, President and Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----