| Annapolis National Bancorp, Inc. | |||
| Ticker: | ANNB | 180 Admiral Cochrane Drive, Suite 300 | |
| Exchange: | NASDAQ-Small Cap Market | Annapolis, MD 21401 | |
| Industry: | Financial (SIC Code 6712) | (410) 224-4455 | |
| Type of Shares: | Common Shares | Filing Date: | 6/23/97 | |
| U.S. Shares: | 833,334 | Offer Date: | 10/1/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $6.00 | |
| Primary Shares: | 833,334 | Offer Price: | $5.00 | |
| Secondary Shares: | 0 | Gross Spread: | ||
| Offering Amount: | $5,000,004 | Selling: | ||
| Expenses: | - | Reallowance: | ||
| Shares Out After: | 2,312,306 |
| Manager | Tier | Phone |
| Charles Webb & Company | Lead Manager | (614) 766-8400 |
| Issuer's Law Firm: | Muldoon, Murphy & Faucette |
| Bank's Law Firm: | Silver, Freedman & Taff |
| Auditor: | C.W. Amos & Company |
| Registrar/Transfer Agent: | Self Administered |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 3/31/97 | 3/31/96 | 3/31/97 | ||
| Revenue: | $8.61 | $2.15 | $2.07 | Assets: | $98.14 |
| Net Income: | $0.42 | $0.38 | $0.11 | Curr Assets: | |
| EPS: | $0.08 | $0.26 | $0.08 | Liabilities: | $92.28 |
| Prior EPS: | $0.29 | $0.34 | $0.01 | Curr Liabilities: | |
| Cash Flow/Oper: | $1.29 | Equity: | $5.86 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company, formerly Maryland Publick Banks, Inc., was incorporated in May 1988 in Maryland for the purpose of acquiring and holding all of the outstanding stock of Annapolis National Bank. The Bank is a commercial bank organized under the laws of the United States. The Bank is a community oriented bank and the only commercial bank headquartered in Annapolis, Maryland. As the company's only subsidiary, the Bank currently operates as a full service commercial bank through its five branches located in Anne Arundel County, Maryland, and one branch located on Kent Island in Queen Anne's County, Maryland. The Bank's principal business consists of originating loans and attracting deposits. The Bank originates commercial loans, commercial real estate loans, construction loans, one- to four-family residential mortgage loans and, to a lesser extent home equity and consumer loans. The Bank also invests in U.S. Treasury and U.S. Government agency securities and other securities issued by or guaranteed by the federal government. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to make a capital contribution to the Bank, to increase the Bank's tier 1 capital and thereby support managed and controlled growth, to retire company debt and for general corporate purposes. |