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| MFS Financial, Inc. |
| 110 E. Charles Street, Muncie, IN 47305 * (765) 747-2800 |
| Business Description | The company is a savings and loan holding company for the Mutual Federal Savings Bank of Muncie Indiana. We are a community-oriented savings bank serving primarily Delaware, Randolph and Kosciusko Counties in Indiana through 13 full service banking offices. |
|
Filing Information Not yet | |||
| To Trade As | MFSF (NASNTL) | Industry | Financial (SIC 6035) |
| Type of Stock Offered | Common Shares | Filing Date | 9/16/99 |
| Domestic Shares Filed | 5,951,250 | Filing Price | $10.00 |
| Foreign Shares Filed | 0 | Offering Amount | $59,512,500 |
| Company Shares | 5,951,250 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Charles Webb & Company | Lead Manager | (614) 766-8400 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 6 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/96 | 12/31/97 | 12/31/98 | 6/30/98 | 6/30/99 | ||
| Revenues | - | - | - | - | - | - | - |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | 2.700 | 4.135 | 4.139 | 2.231 | 1.923 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | 53.17 | 0.10 | -13.78 | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | 24.38 | 1.95 | 1.78 | ||||
| Cash Flow - Inv. | -26.90 | -5.19 | -21.47 | ||||
| Cash Flow - Fin. | 5.11 | 6.02 | 19.35 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/99 | Financial Ratios | ||||
| Total Assets | 490.03 | Current Assets | - | Current Ratio | - |
| Total Liab. | 444.42 | Current Liab. | 384.56 | Debt Ratio | 90.69% |
| Total Equity | 45.62 | Working Cap. | - | Debt to Equity Ratio | 9.74 |
| Cash | 12.60 | Return on Assets | 0.39% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Silver, Freedman & Taff |
| Bank's Law Firm | Muldoon, Murphy & Faucette |
| Auditor | Olive LLP |
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