| Community National Corporation | |||
| Ticker: | CNLK | 19 Natchez Trace Drive | |
| Exchange: | Over-the-Counter Market | Lexington, TN 38351 | |
| Industry: | Financial (SIC Code 6035) | (901) 968-6624 | |
| Type of Shares: | Common Shares | Filing Date: | 7/18/97 | |
| U.S. Shares: | 487,000 | Offer Date: | 12/12/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $10.00 | |
| Primary Shares: | 487,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | ||
| Offering Amount: | $4,870,000 | 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: | Arnold, Spain & Company, P.C. |
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: | $2.05 | $0.51 | $0.51 | Assets: | $25.94 |
| Net Income: | $0.20 | $0.06 | $0.07 | Curr Assets: | |
| EPS: | $0.88 | $0.28 | $0.34 | Liabilities: | $22.02 |
| Prior EPS: | $1.00 | $0.07 | $0.08 | Curr Liabilities: | |
| Cash Flow/Oper: | $0.21 | $0.22 | $0.15 | Equity: | $3.92 |
| Cash Flow/Fin: | -$0.43 | $0.74 | -$0.28 | Cash: | $1.57 |
| Cash Flow/Inv: | $0.15 | $0.74 | |||
| Business Description |
| The bank is a federall chartered mutual savings association. The bank's primary business has been the origination of mortgage loans secured by single family residential real estate located primarily in Henderson County, Tennessee. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for general corporate purposes. |