SFG 8-K 1/9/06
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): January
9, 2006
Summit
Financial Group, Inc.
(Exact
name of registrant as specified in its charter)
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West
Virginia
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0-16587
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55-0672148
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(State
or Other Jurisdiction)
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(Commission
File Number)
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(I.R.S.
Employer Identification)
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300
North Main Street
Moorefield,
WV 26836
(Address
of principal executive offices) (Zip Code)
(304)
530-1000
Registrant's
telephone number, including area code
Not
Applicable
(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:
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¨
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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Section
2 - Financial Information
Item
2.02. Results of Operations and Financial Condition.
On
January 9, 2006, Summit Financial Group, Inc. (“Summit”) issued a News Release
announcing
that it
expects diluted earnings per share to be approximately between $0.32 and $0.34
for the quarter ended December 31, 2005 and between $1.54 and $1.56 for the
year
ended December 31, 2005. This News Release is furnished as Exhibit 99 and is
incorporated herein by reference.
Section
8 - Other Events
Item
8.01 Other Events
On
January 9, 2006, Summit issued a News Release announcing
that it
recognized a $1.5 million pre-tax fourth quarter 2005 other-than-temporary
non-cash impairment charge, which equals $940,000 on an after-tax basis, or
$0.13 per diluted share. This impairment charge relates to $5.7 million of
certain preferred stock issuances of the Federal National Mortgage Association
and the Federal Home Loan Mortgage Corporation which Summit continues to own,
and was made primarily due to difficulty in accurately projecting the future
recovery period of these securities. This News Release is furnished as Exhibit
99 and is incorporated herein by reference.
Section
9 - Financial Statements and Exhibits
Item
9.01 Financial Statements and Exhibits
99 News
Release issued on January 9, 2006
SIGNATURE
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.
SUMMIT
FINANCIAL
GROUP, INC.
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Date:
January 10, 2006
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By:
/s/ Julie
R.
Cook
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Julie
R. Cook
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Vice
President and
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Chief
Accounting Officer
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