PART I REGISTRANT INFORMATION
U. S. SECURITIES AND EXCHANGE COMMISSION
FORM NT 10-K
For year
ended December 31, 2002
Commission
file number 0-5559
First Financial Corporation
Exact name of registrant as
specified in its charter)
| Texas | 74-1502313 |
| (State or other jurisdiction of incorporation or organization) | (I. R. S. Employer Identification) |
|
800
Washington Avenue, Waco, Texas |
76701 |
Registrant's telephone number, including area code (254)757-2424
PART II RULES 12b-25(b) AND (c)
(a) The reasons described in
reasonable detail in Part III of this form could not be eliminated without
unreasonable effort or expense;
(b) The subject annual report
will be filed on or before the fifteenth calendar day following the prescribed
due date.
(c) The accountant's statement
required by Rule 12b-25(c) has been included.
PART III NARRATIVE
The Registrant is unable to timely file its Form 10-KSB for the period ended December 31, 2002, because the auditors have not completed the audited financial statements of the Registrant and are unable to complete such financial statements without unreasonable effort and expense. The Registrant was unable to obtain certain information related to contingencies in a timely manner and additional time is required to determine their impact on the Registrant's financial statements and required disclosures.
The Company will reflect net income of approximately $1,040,000 compared to net income of $317,627 for 2001. In general, the Company's net income is due to improved operating results from the Company's subsidiaries involved in residential mortgage loan operations and insurance operations.
PATTILLO, BROWN, & HILL, L.L.P.
First
Financial Corporation and Subsidiaries
Waco, Texas
Pursuant to Rule 12B-25 of the General Rules and Regulations under Securities and Exchange Act of 1934, we inform you that we have been furnished a copy of Form NT 10-K to be filed by First Financial Corporation and Subsidiaries (FFC) on or about March 28, 2003, which contains notification of the registrant's inability to file its Form 10-KSB by March 31, 2003. We have read FFC's statements contained in Part III therein and we agree with the stated reason as to why we have been unable to complete our audit and report on the financial statements for the year ended December 31, 2002 to be included in the Form 10-KSB.
signed:
Pattillo Brown & Hill LLP
March 27, 2003
Waco,
Texas
PART IV OTHER INFORMATION
(1) Name and telephone number of
person to contact in regard to this notification
Robert L. Harris (254)757-2424
(2) Have all other periodic
reports under Section 13 or 15(d) of the Securities Exchange Act of 1934 or
Section 30 of the Investment Company Act of 1940 during the preceding 12 months
(or for such shorter period that the registrant was required to file such
reports) been filed? If answer is no, identify report(s).
Yes.
(3) Is it anticipated that any
significant change in results of operations from the corresponding period for
the last fiscal year will be reflected by the earnings statements to be
included in the subject report or portion thereof?
Yes.
If so, attach an explanation of the anticipated change,
both narratively and quantitatively, and, if appropriate, state the reasons why
a reasonable estimate of the results can not be made.
See Narrative Section.
First Financial Corporation has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
Date: March 28, 2003 By: Robert L. Harris
Vice President