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First Shares Bancorp, Inc.
996 South State Road 135, Greenwood, IN 46143 * (317) 882-4790
Business Description The company is a bank holding company for First Bank. The bank operates in Central Indiana.
Filing
Information

Not yet
public

To Trade As  - - (OTC) Industry  Financial (SIC 6022)
Type of Stock Offered Common Shares Filing Date  3/1/00
Domestic Shares Filed 700,000 Filing Range  $9.00 - $11.00
Foreign Shares Filed  0 Offering Amount  $7,000,000
Company Shares  700,000 Est. Expenses  - -
Selling Shrhldrs Shares  0 Post-IPO Shares  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
David A. Noyes & Company Lead Manager (317) 633-1717
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 12/31/95 12/31/96 12/31/97 12/31/98 12/31/99    
Revenues   2.376 3.045 3.333 3.364 3.951 - -
Income from Oper.   - - - - - - -
Net Income   0.273 0.292 0.288 -0.006 -0.609 - -
E.P.S   0.490 0.530 0.530 -0.010 -0.970 - -
Revenue Growth (%)      28.16 9.46 0.93 17.449   -
Net Income Growth (%)      6.96 -1.37 - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    11.49 9.59 8.64 - - - -
Cash Flow - Oper.     -0.48 - -
Cash Flow - Inv.     -28.11 - -
Cash Flow - Fin.     26.57 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 12/31/99 Financial Ratios
Total Assets    68.67 Current Assets    - Current Ratio    -
Total Liab.    64.07 Current Liab.    62.99 Debt Ratio    93.31%
Total Equity    4.60 Working Cap.    - Debt to Equity Ratio    13.94
Cash    2.46    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used to fund our expansion plans, including the acquisition of an additional bank in Nashville, Indiana and for general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Bose McKinney & Evans
Bank's Law Firm  Leagre Chandler & Millard
Registrar/Transfer Agent  Registrar and Transfer Company, New Jersey
Auditor  Crowe, Chizek and Company
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Last updated: 6/11/00 11:11:01 PM
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