| Rocky Ford Financial, Inc. | |||
| Ticker: | RFFC | 801 Swink Avenue | |
| Exchange: | Over-the-Counter Market | Rocky Ford, CO 81067-0032 | |
| Industry: | Financial (SIC Code 6035) | (714) 254-7642 | |
| Type of Shares: | Common Shares | Filing Date: | 1/27/97 | |
| U.S. Shares: | 368,000 | Offer Date: | 5/22/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $10.00 | |
| Primary Shares: | 368,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | ||
| Offering Amount: | $3,680,000 | Selling: | ||
| Expenses: | - | Reallowance: | ||
| Shares Out After: | - |
| Manager | Tier | Phone |
| Trident Securities, Inc. | Lead Manager | (919) 781-8900 |
| Issuer's Law Firm: | Housley Goldberg & Kantarian |
| Bank's Law Firm: | Malizia, Spidi, Sloane & Fisch |
| Auditor: | Grimsley, White & Company |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/96 | 9/30/96 | ||||
| Revenue: | $1.55 | Assets: | $20.39 | ||
| Net Income: | $0.13 | Curr Assets: | |||
| EPS: | Liabilities: | $17.61 | |||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | $0.17 | Equity: | $2.78 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a federal mutual savings and loan association operating through a single office located in Rocky Ford, Colorado and serving Otero County, Colorado. The company was chartered as a federal savings and loan association and received federal insurance of its deposit accounts in 1934, under its current name, Rocky Ford Federal Savings and Loan Association. At September 30, 1996, the company had total assets of $20.4 million, total deposits of $17.1 million and equity of $2.8 million. Historically, the company has operated as a traditional savings institution be emphasizing the origination of loans secured by one-to four-family residences. At September 30, 1996, $12.1 million, or 98.74% of the company's gross loan portfolio, consisted of single-family residential mortgage loans, all of which are originated on properties in its market area. The company has been committed to meeting the financial needs of the community in which it has operated for over 60 years. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes. |