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 October 4, 2002
(Date of earliest event reported) October 4, 2002
Kankakee Bancorp, Inc.
(Exact name of Registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
1-13676 36-3846489
(Commission File Number) (I.R.S. Employer Identification Number)
310 South Schuyler Avenue, Kankakee, Illinois 60901
(Address of principal executive offices) (Zip Code)
(815) 937-4440
(Registrant's telephone number, including area code)
Item 5. Other Information
On October 4, 2002, the Company announced that it took a nonrecurring after-tax
charge of approximately $2.17 million, or approximately $1.85 per diluted share,
to its third quarter earnings. The charge was recorded as an additional
provision to the allowance for losses on loans. After the charge, the Company's
allowance for losses on loans, including both general and specific reserves, is
approximately $6.3 million. The news release is attached hereto as Exhibit 99.1.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements of Business Acquired.
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None.
(b) Pro Forma Financial Information.
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None.
(c) Exhibits.
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99.1 News Release, dated October 4, 2002
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.
KANKAKEE BANCORP, INC.
Dated: October 4, 2002 By: /s/ Ronald J. Walters
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Ronald J. Walters
Vice President and Treasurer
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