| Peoples-Sidney Financial Corporation | |||
| Ticker: | PSFC | 101 E. Court Street | |
| Exchange: | NASDAQ-National Market | Sidney, OH 45365 | |
| Industry: | Financial (SIC Code 6035) | (937) 492-6129 | |
| Type of Shares: | Common Shares | Filing Date: | 1/31/97 | |
| U.S. Shares: | 1,758,375 | Offer Date: | 4/28/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $10.00 | |
| Primary Shares: | 1,758,375 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.38 | |
| Offering Amount: | $17,583,750 | Selling: | ||
| Expenses: | $188,070 | Reallowance: | ||
| Shares Out After: | - |
| Manager | Tier | Phone |
| Charles Webb & Company | Lead Manager | (614) 766-8400 |
| Issuer's Law Firm: | Silver, Freedman & Taff |
| Auditor: | Crowe, Chizek and Company |
Dollar amounts in U.S. millions except for per share data | |||||
| 4 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/96 | 10/31/96 | 10/31/95 | 10/31/96 | ||
| Revenue: | $6.57 | $2.28 | $2.14 | Assets: | $89.96 |
| Net Income: | $0.85 | -$0.25 | $0.30 | Curr Assets: | |
| EPS: | Liabilities: | $80.77 | |||
| Prior EPS: | $0.52 | $0.51 | Curr Liabilities: | ||
| Cash Flow/Oper: | $0.84 | Equity: | $9.19 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company was founded in 1886 as an Ohio-chartered mutual association and converted to a federally chartered association in 1958. The company serves the financial needs of families and local businesses in its primarily market area through its office. Its deposits are insured up to applicable limits by the Federal Deposit Insurance Corporation. At October 31, 1996, the company had total assets of $90.0 million, deposits of $79.9 million and retained earnings of $9.2 million. The company seeks to provide financial services to families and local businesses residing in Shelby County, Ohio. The company's business involves attracting deposits form the general public and using such deposits to originate one- to four-family permanent and construction residential mortgage and, to a lesser extent, commercial real estate, consumer, land, multi-family and commercial business loans in its market area, consisting primarily of Shelby County, Ohio and to a lesser extent, contiguous counties in Ohio. The company also invests in investment securities consisting primarily of U.S. government obligations and various types of short-term liquid assets. |
| Competition |
| The company experiences strong competition both in originating real estate loans and in attracting deposits. This competition arises from a highly competitive market area with numerous savings institutions and commercial banks, as well as credit unions, mortgage bankers and national and local securities firms. The Association competes for loans principally on the basis of the interest rates and loan fees it charges, the types of loans it originates and the quality of services it provides to borrowers. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes. |