| IPO Company Profile © ipodata.com |
| Message Board | Quote | Chart | News | SEC Filings | Peer IPO Companies |
| 1st State Bancorp, Inc. |
| 445 S. Main Street, Burlington, NC 27215 * (336) 227-8861 |
| Business Description | The company is a savings and loan holding company for 1st State Bank. The bank is a community and customer oriented North Carolina chartered savings bank with five full service branch offices located in north central North Carolina. |
| Offering Information Company has | |||
| Trading As | FSBC (NASNTL) | Industry | Savings Bank (SIC 6035) |
| Type of Stock Offered | Common Shares | Filing Date | 11/30/1998 |
| Domestic Shares Offered | 2,976,000 | Offer Date | 04/26/1999 |
| Foreign Shares Offered | 0 | Filing Price | $20.00 |
| Company Shares | 2,976,000 | Offer Price | $16.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | - - |
| Gross Proceeds | $47,616,000 | Selling | - - |
| Expenses | - - | Reallowance | - - |
| Post-IPO Shares | 2,133,750 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Trident Securities, Inc. | Lead Manager | (919) 781-8900 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | - - Months Ending | ||||||
| Figures in U.S. millions except per share data | 09/30/1998 | ||||||
| Revenues | - | - | - | - | 22.205 | - | - |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | - | - | 2.521 | - | - |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | 11.35 | - | - |
| Cash Flow - Oper. | -2.56 | - | - | ||||
| Cash Flow - Inv. | -6.62 | - | - | ||||
| Cash Flow - Fin. | 25.27 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 09/30/1998 | Financial Ratios | ||||
| Total Assets | 288.22 | Current Assets | - | Current Ratio | - |
| Total Liab. | 262.26 | Current Liab. | - | Debt Ratio | 90.99% |
| Total Equity | 25.97 | Working Cap. | - | Debt to Equity Ratio | 10.10 |
| Cash | 31.08 | Return on Assets | 0.87% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Housley Goldberg & Kantarian |
| Bank's Law Firm | Patton Boggs LLP |
| Auditor | KPMG Peat Marwick |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |