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| Smith River Bankshares, Inc. |
| Patrick Henry Mall, Suite 12 730 East Church Street, Martinsville, VA 24112 * (540) 632-8092 |
| Business Description | The company is a newly formed bank holding company for the Smith River Community Bank, N.A. |
|
Filing Information Not yet | |||
| To Trade As | - - (OTC) | Industry | Financial (SIC 6712) |
| Type of Stock Offered | Common Shares | Filing Date | 9/10/99 |
| Domestic Shares Filed | 912,500 | Filing Price | $10.00 |
| Foreign Shares Filed | 0 | Offering Amount | $9,125,000 |
| Company Shares | 912,500 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Non Underwritten Offering | Lead Manager |
| 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 | 6/30/99 | ||||||
| Revenues | - | - | - | - | - | - | 0.002 |
| Income from Oper. | - | - | - | - | - | - | - |
| Net Income | - | - | - | - | - | - | -0.140 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | - | - | -0.11 | ||||
| Cash Flow - Inv. | - | - | 0.00 | ||||
| Cash Flow - Fin. | - | - | 0.14 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/99 | Financial Ratios | ||||
| Total Assets | 0.04 | Current Assets | 0.04 | Current Ratio | - |
| Total Liab. | 0.18 | Current Liab. | - | Debt Ratio | 413.80% |
| Total Equity | -0.14 | Working Cap. | - | Debt to Equity Ratio | - |
| Cash | 0.03 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to pay the offering expenses incurred by the organizers/directors, to repurchase shares owned by the bank organizers, to capitalize the bank, to establish working capital and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Flipplin, Densmore, Morse, Rutherford & Jessee |
| Registrar/Transfer Agent | Self Administered |
| Auditor | McLeon & Company |
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