UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)                           July 19, 2006

 

MID-STATE BANCSHARES
(Exact Name of registrant as specified in its charter)

 

California

 

000-23925

 

77-0442667

(State or other jurisdiction
of incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

1026 East Grand Avenue, Arroyo Grande, CA

93420

(Address of principal executive offices)

(Zip Code)

 

Registrant’s telephone number, including area code     (805) 473-7700

 

N/A

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o  Written communications Pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
      (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
      (17 CFR 240.13e-4(c))

 

 




SECTION 2 — FINANCIAL INFORMATION

Item 2.02 — Results of Operations and Financial Condition.

On July 18, 2006, Mid-State Bancshares reported diluted earnings of $0.39 per share for the quarter ended June 30, 2006 compared to $0.41 per share earned one year earlier.  Net income for the quarter was $8.9 million versus $9.5 million earned in the like 2005 period.  For the six months ended June 30, 2006, diluted earnings were $0.78 per share on net income of $17.7 million compared to $0.79 per share on $18.6 million of net income in the 2005 period.

Please refer to the Press Release dated July 18, 2006, attached hereto and made a part hereof.

SECTION 9 — FINANCIAL STATEMENTS AND EXHIBITS

Item 9.01 - Financial Statements and Exhibits.

Exhibits

Exhibit No.

 

Description

 

99

 

Press Release announcing second quarter earnings — dated July 18, 2006

 

 

2




SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Registrant:

 

 

 

 

 

 

 

MID-STATE BANCSHARES

 

 

 

 

 

 

 

 

 

 

Date: July 19, 2006

 

By:

 

/s/ James W. Lokey

 

 

 

 

James W. Lokey

 

 

 

 

President

 

 

 

 

Chief Executive Officer

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

/s/ James G. Stathos

 

 

 

 

James G. Stathos

 

 

 

 

Executive Vice President

 

 

 

 

Chief Financial Officer

 

3




EXHIBIT INDEX

Exhibit No.

 

Description

 

 

 

99

 

Press Release announcing second quarter earnings — dated July 18, 2006

 

 

 

 

 

4