##### Table of Contents



SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
 FORM 10-K Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934 For the Fiscal Year Ended December 31, 2003
    
    Commission File Number 0-11928
 AMERICAN BANCORP, INC.  Louisiana
(State or other jurisdiction of
incorporation or organization)
    
    72-0951347
(I.R.S. Employer Identification No.)
 321 East Landry Street
Opelousas, Louisiana
(Address of principal executive offices)
    
    70570
(Zip Code)
 Registrants Telephone Number, including area code: (337) 948-3056 Securities registered pursuant to Section 12(b) of the Act: None Securities registered pursuant to Section 12(g) of the Act: Common Stock, $5.00 Par Value
(Title of Class) Indicate by check mark whether the registrant: (l) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes   [X]   No [    ] Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of registrants knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to
this Form 10-K. [    ] Indicate by check mark whether the registrant is an accelerated filer (as
defined in Rule 12b-2 of the Act). Yes [    ]    No [X] The aggregate market value of the voting stock as of December 31, 2003 held by
non-affiliates* of the registrant: $6,752,524. The number of shares outstanding of each of the issuers classes of common
stock, as of December 31, 2003: Common Stock, $5.00 Par Value, 115,987 shares
outstanding. Documents Incorporated by Reference Portions of the annual shareholders report for the year ended December 31,
2003 are incorporated by reference into Parts I and II. - 1 -




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TABLE OF CONTENTS



|                                             |                                                                                                         |  |  |  |  |  |  | 
|-------------------------------------------- | ------------------------------------------------------------------------------------------------------- |  |  |  |  |  |  | 
|PART I                                      
|                                             | Item 1. Business                                                                                       
|                                             | Item 2. Properties                                                                                     
|                                             | Item 3. Legal Proceedings                                                                              
|                                             | Item 4. Submission of Matters to a Vote of Security Holders                                            
|PART II                                     
|                                             | Item 5. Market for Registrants Common Stock and Related Security Holder Matters                       
|                                             | Item 6. Selected Financial Data                                                                        
|                                             | Item 7. Managements Discussion and Analysis of Financial Condition and Results of Operations          
|                                             | Item 7a. Quantitative and Qualitative Disclosure About Market Risk                                     
|                                             | Item 8. Financial Statements and Supplementary Data                                                    
|                                             | Item 9. Changes in and Disagreements in Accounting and Financial Disclosure                            
|                                             | Item 9a. Controls and Procedures                                                                       
|PART III                                    
|                                             | Item 10. Directors and Executive Officers                                                              
|                                             | Item 11. Executive Compensation                                                                        
|                                             | Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
|                                             | Item 13. Certain Relationships and Related Transactions                                                
|                                             | Item 14. Principal Accountant Fees and Services                                                        
|Part IV                                     
|                                             | Item 15. Exhibits, Financial Statement Schedules, and Reports on Form 8-K                              
|Signatures                                  
|EXHIBIT INDEX                               
|2003 Annual Report to Shareholders          
|Consent of Independent Auditors             
|Certification of Principal Executive Officer
|Certification of Principal Financial Officer
|Certification of Chief Executive Officer    
|Certification of Chief Financial Officer    
|Disclosure of Approval                      
|Disclosure on Controls by Executive Officer 
|Disclosure on Controls by Financial Officer 



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##### Table of Contents



*For purposes of the computation, shares owned by Executive Officers,
Directors, 5% shareholders and shares by non-affiliates whose voting rights
have been assigned to Directors have been excluded. - 2 -




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##### Table of Contents



PART I 
 Item 1. Business American Bancorp, Inc. (the Company) was incorporated under the laws of
the State of Louisiana in 1982. On October 1, 1983, American Bank and Trust
Company (the Bank) was reorganized as a subsidiary of the Company. Prior to
October 1, 1983, the Company had no material activity. The Company is
currently engaged, through its subsidiary, in banking and related business.
The Bank is the Companys principal asset and primary source of revenue. The Bank The Bank, incorporated under the State Banking Laws on August 1, 1958 is
in the business of gathering funds by accepting checking, savings, and other
time-deposit accounts and reemploying these by making loans and investing in
securities and other interest-bearing assets. The Bank is a full service
commercial bank. Some of the major services which it provides include
checking, NOW accounts, Money Market checking, savings, and other time deposits
of various types, loans for business, agriculture, real estate, personal use,
home improvement, automobile, and a variety of other types of loans and
services including letters of credit, safe deposit boxes, bank money orders,
wire transfer facilities, and electronic banking facilities. The Companys primary assets are loans. At December 31, 2003, loans
represented 39% of the Companys total assets. The reserve for loan losses is comprised of specific reserves (assessed
for each loan that is reviewed for impairment or for which a probable loss has
been identified), general reserves and an unallocated reserve. The Company continuously evaluates its reserve for loan losses to maintain
an adequate level to absorb loan losses inherent in the loan portfolio.
Reserves on loans identified as impaired are based on discounted expected cash
flows using the loans initial effective interest rate, the observable market
value of the loan or the fair value of the collateral for certain
collateral-dependent loans. Factors contributing to the determination of
specific reserves include the financial condition of the borrower, changes in
the value of pledged collateral and general economic conditions. General
reserves are established based on historical charge-offs considering factors
which include risk, industry concentration and loan type, with the most recent
charge-off experience weighted more heavily. The unallocated reserve, which is
judgmentally determined, generally serves to compensate for the uncertainty in
estimating loan losses, particularly in times of changing economic conditions,
and considers the possibility of improper risk ratings and possible over or
under allocations of specific reserves. It also considers the lagging impact
of historical charge-off ratios in periods where future charge-offs are
expected to increase or decrease significantly. The results of reviews
performed by external examiners are also considered. The State of Louisiana, through its various departments and agencies,
deposits public funds with the Bank. However, as of December 31, 2003, the
State of Louisiana did not have any funds on deposit with the Bank. - 3 -




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Competition The Banks general market area is in St. Landry Parish, which has a
population of approximately 81,939. Its primary market is Opelousas, which has
a population of approximately 19,540, and has experienced little population
growth over the past several years. The commercial banking business in St. Landry Parish is highly
competitive. The Depository Institutions Deregulation and Monetary Control Act
of 1980 and the Garn-St. Germain Depository Institutions Act of 1982 have
eliminated most, if not all, substantive distinctions between the services of
commercial banks and thrift institutions. The Bank competes with two banks and
two savings and loan institutions located in St. Landry Parish. The following
is a list of banks and savings associations in this market with the total
deposits and assets as of December 31, 2003. (In thousands of dollars)Assets
    
    DepositsFirst Federal Savings & Loan
    
    $
    69,521
    
    
    $
    48,819Washington State Bank
    
    $
    83,798
    
    
    $
    69,894American Bank and Trust Company
    
    $
    100,858
    
    
    $
    85,629St. Landry Homestead
    
    $
    184,672
    
    
    $
    145,335St. Landry Bank and Trust Company
    
    $
    234,991
    
    
    $
    201,764
 In addition to the institutions listed above, further competition is
provided by banks and other financial institutions located in Lafayette,
Louisiana, which is 20 miles south of Opelousas and Baton Rouge, Louisiana, the
state capital, which is 60 miles east of St. Landry Parish. Supervision and Regulation The financial services industry is extensively regulated under both
federal and state law. The Company is subject to regulation and examination by
the Board of Governors of the Federal Reserve System (FRB) and the Federal
Reserve Bank of Atlanta. The Bank is subject to regulation and examination by
the Louisiana Office of Financial Institutions. The Company is subject to the
Bank Holding Company Act (BHCA), which requires the Company to obtain the prior
approval of the FRB to acquire a significant equity interest in any banks or
bank holding companies. Under the provisions of the Gramm-Leach-Bliley Act
(GLBA), the Company is eligible to engage in nonbanking activities which are
financial in nature by notifying, or in certain cases obtaining the prior
approval of, the FRB. Under the GLBA, subsidiaries of financial holding
companies engaged in nonbank activities would be supervised and regulated by
the federal and state agencies which normally supervise and regulate such
functions outside of the financial holding company context. Although the FRB
continues to be the primary umbrella regulator of financial holding
companies, the GLBA limits the ability of the FRB to order a financial holding
company subsidiary which is regulated by the SEC or a state insurance authority
to provide funds or assets to an affiliated depository institution under the
FRBs source of strength doctrine. - 4 -




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##### Table of Contents



The Bank is subject to a number of laws regulating depository
institutions, including the Federal Deposit Insurance Corporation Improvement
Act of 1991 which expanded the regulatory and enforcement powers of the federal
bank regulatory agencies, required that these agencies prescribe standards
relating to internal controls, information systems, internal audit systems,
loan documentation, credit underwriting, interest rate exposure, asset growth,
compensation, fees and benefits, and mandated annual examination of banks by
their primary regulators. The Bank is also subject to a number of consumer
protection laws and regulations of general applicability. In addition,
President Bush has signed into law the USA Patriot Act, which is designed to
identify, prevent and deter international money laundering and terrorist
financing. The President also signed the Sarbanes-Oxley Act of 2002 which is
directed towards improving financial reporting. The banking industry is affected by the monetary and fiscal policies of
the FRB. An important function of the FRB is to regulate the national supply
of bank credit to moderate recessions and to curb inflation. Among the
instruments of monetary policy used by the FRB to implement its objectives are:
open-market operations of U.S. Government securities, changes in the discount
rate and the federal funds rate (which is the rate banks charge each other for
overnight borrowings) and changes in reserve requirements on bank deposits. The Board of Directors of the Company have no present plans or intentions
to cause the Company to engage in any substantial business activity which would
be permitted to it under the Act or the Louisiana Act but which is not
permitted to the Bank; however, a significant reason for formation of the
one-bank holding company is to take advantage of the additional flexibility
afforded by that structure if the Board of Directors of the Company concludes
that such action would be in the best interest of stockholders. During 2003, the average number of full-time equivalent employees at the
Bank was 45. This includes the officers of the Company that are listed under
Item 10 below. There are no unions or bargaining units that represent the employees of
the Bank. The relation between management and employees is considered to be
good. Statistical Information The following tables contain additional information concerning the
business and operations of the Registrant and its subsidiary and should be read
in conjunction with the Consolidated Financial Statements of the Registrant and
Managements Discussion and Analysis of Financial Condition and Results of
Operations. The 2003 Annual Report to Shareholders is incorporated herein by
reference under Items 5, 6, 7, 7a, and 8. Investment Portfolio The following table sets forth the carrying amount of Investment
Securities at the dates indicated (in thousands of dollars): December 31,2003
    
    2002
    
    2001Securities held to maturity:U.S. Treasury
    
    $
    1,600
    
    
    $
    2,104
    
    
    $
    2,306
 - 5 -




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December 31,2003
    
    2002
    
    2001Securities available for sale:Mortgage-backed securities
    
    $
    9,286
    
    
    $
    8,724
    
    
    $
    9,133U.S. Government Agencies
    
    
    17,415
    
    
    
    16,199
    
    
    
    14,290State and Political subdivisions
    
    
    15,722
    
    
    
    12,614
    
    
    
    11,477Equity securities
    
    
    184
    
    
    
    184
    
    
    
    149$
    42,607
    
    
    $
    37,721
    
    
    $
    35,049
 The following tables set forth the maturities of investment securities at
December 31, 2003, 2002, and 2001 and the weighted average yields of such
securities (in thousands of dollars): December 31, 2003After One
    
    After FiveWithin
    
    But Within
    
    But Within
    
    AfterOne Year
    
    Five Years
    
    Ten Years
    
    Ten YearsAmount
    
    Yield
    
    Amount
    
    Yield
    
    Amount
    
    Yield
    
    Amount
    
    YieldSecurities held
to maturity:U.S. Treasury
    
    $
    1,600
    
    
    
    3.15
    %
    
    $
    -0-
    
    
    
    
    %
    
    $
    -0-
    
    
    
    
    %
    
    $
    -0-
    
    
    
    
    %Securities
available for
sale:U.S. Government
Agencies
    
    
    501
    
    
    
    5.37
    %
    
    
    13,038
    
    
    
    3.22
    %
    
    
    3,876
    
    
    
    4.74
    %
    
    
    
    
    
    
    
    %Mortgage-backed
securities
    
    
    65
    
    
    
    5.10
    
    
    
    3,051
    
    
    
    2.23
    
    
    
    5,631
    
    
    
    4.51
    
    
    
    539
    
    
    
    6.60State and
Political
Subdivisions*
    
    
    1,276
    
    
    
    5.91
    
    
    
    9,473
    
    
    
    6.44
    
    
    
    4,491
    
    
    
    6.12
    
    
    
    482
    
    
    
    7.28Equity
securities
    
    
    184
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Total available
for sale
    
    
    2,026
    
    
    
    5.21
    %
    
    
    25,562
    
    
    
    4.30
    %
    
    
    13,998
    
    
    
    5.09
    %
    
    
    1,021
    
    
    
    6.92
    %Total
securities
    
    $
    3,626
    
    
    
    4.30
    %
    
    $
    25,562
    
    
    
    4.30
    %
    
    $
    13,998
    
    
    
    5.09
    %
    
    $
    1,021
    
    
    
    6.92
    %
 - 6 -




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December 31, 2002After One
    
    After FiveWithin
    
    But Within
    
    But Within
    
    AfterOne Year
    
    Five Years
    
    Ten Years
    
    Ten YearsAmount
    
    Yield
    
    Amount
    
    Yield
    
    Amount
    
    Yield
    
    Amount
    
    YieldSecurities held
to maturity:U.S. Treasury
    
    $
    503
    
    
    
    4.35
    %
    
    $
    1,602
    
    
    
    3.15
    %
    
    $
    
    
    
    
    
    %
    
    $
    
    
    
    
    
    %U.S. Government
Agencies
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Total held
to maturity
    
    
    503
    
    
    
    4.35
    
    
    
    1,602
    
    
    
    3.15
    
    
    
    -0-
    
    
    
    
    
    
    
    -0-
    
    
    
    Securities
available for
sale:U.S. Government
Agencies
    
    
    12,683
    
    
    
    4.34
    %
    
    
    3,515
    
    
    
    5.39
    %
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Mortgage-backed
securities
    
    
    327
    
    
    
    5.89
    
    
    
    7,895
    
    
    
    5.49
    
    
    
    502
    
    
    
    4.20
    
    
    
    
    
    
    
    State and
Political
Subdivisions*
    
    
    1,689
    
    
    
    6.55
    
    
    
    7,830
    
    
    
    7.20
    
    
    
    3,095
    
    
    
    7.55
    
    
    
    
    
    
    
    Equity
securities
    
    
    184
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Total available
for sale
    
    
    14,883
    
    
    
    4.57
    %
    
    
    19,240
    
    
    
    6.17
    %
    
    
    3,597
    
    
    
    7.08
    %
    
    
    -0-
    
    
    
    
    %Total
securities
    
    $
    15,386
    
    
    
    4.56
    %
    
    $
    20,842
    
    
    
    5.94
    %
    
    $
    3,597
    
    
    
    7.08
    %
    
    $
    -0-
    
    
    
    
    %
 - 7 -




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##### Table of Contents



December 31, 2001After One
    
    After FiveWithin
    
    But Within
    
    But Within
    
    AfterOne Year
    
    Five Years
    
    Ten Years
    
    Ten YearsAmount
    
    Yield
    
    Amount
    
    Yield
    
    Amount
    
    Yield
    
    Amount
    
    YieldSecurities held
to maturity:U.S. Treasury
    
    $
    1,799
    
    
    
    6.61
    %
    
    $
    507
    
    
    
    4.35
    %
    
    $
    
    
    
    
    
    %
    
    $
    
    
    
    
    
    %U.S. Government
Agencies
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Total held
to
maturity
    
    
    1,799
    
    
    
    6.61
    
    
    
    507
    
    
    
    4.35
    
    
    
    -0-
    
    
    
    
    
    
    
    -0-
    
    
    
    Securities
available for
sale:U.S. Government
Agencies
    
    
    
    
    
    
    
    
    
    
    11,269
    
    
    
    5.84
    
    
    
    3,021
    
    
    
    6.08
    
    
    
    
    
    
    
    Mortgage-backed
securities
    
    
    2
    
    
    
    8.71
    
    
    
    2,417
    
    
    
    5.36
    
    
    
    3,766
    
    
    
    6.16
    
    
    
    2,948
    
    
    
    6.61State and
Political
Subdivisions*
    
    
    976
    
    
    
    6.83
    
    
    
    5,976
    
    
    
    7.21
    
    
    
    4,108
    
    
    
    7.34
    
    
    
    417
    
    
    
    8.98Equity
securities
    
    
    149
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Total
available
for sale
    
    
    1,127
    
    
    
    6.83
    
    
    
    19,662
    
    
    
    6.14
    
    
    
    10,895
    
    
    
    6.62
    
    
    
    3,365
    
    
    
    7.03Total
securities
    
    $
    2,926
    
    
    
    6.69
    %
    
    $
    20,169
    
    
    
    6.10
    %
    
    $
    10,895
    
    
    
    6.62
    %
    
    $
    3,365
    
    
    
    7.03
    %
  *
    
    Weighted average yields have been computed on a fully tax-equivalent basis
assuming a rate of 34% for 2003, 2002 and 2001. - 8 -




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Loan Portfolio Loans outstanding at the indicated dates are shown in the following table
according to type of loan (in thousands of dollars): December 31,2003
    
    2002
    
    2001
    
    2000
    
    1999Commercial, financial and
agricultural
    
    $
    8,873
    
    
    $
    8,288
    
    
    $
    6,738
    
    
    $
    6,946
    
    
    $
    7,326Real estate construction
    
    
    937
    
    
    
    1,750
    
    
    
    1,690
    
    
    
    539
    
    
    
    949Real estate mortgage
    
    
    24,101
    
    
    
    24,906
    
    
    
    23,604
    
    
    
    20,052
    
    
    
    15,809Installment
    
    
    6,061
    
    
    
    5,614
    
    
    
    5,719
    
    
    
    5,122
    
    
    
    4,748Total
    
    
    39,972
    
    
    
    40,558
    
    
    
    37,751
    
    
    
    32,659
    
    
    
    28,832Less:Allowance for possible
loan losses
    
    
    (667
    )
    
    
    (627
    )
    
    
    (605
    )
    
    
    (579
    )
    
    
    (579
    )Unearned income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    39,305
    
    
    $
    39,931
    
    
    $
    37,146
    
    
    $
    32,080
    
    
    $
    28,253
 Selected Loan Maturities The following table shows selected categories of loans outstanding as of
December 31, 2003 which, based on remaining scheduled repayments of principal,
are due in the amounts indicated. Also, the amounts are classified according
to the sensitivity to the changes in interest rates (in thousands). MaturingOne Year
    
    Over Oneor
    
    to
    
    OverLess (1)
    
    5 Years
    
    5 Years
    
    TotalMaturity of Loans:Commercial, financial and
agricultural
    
    $
    6,989
    
    
    $
    1,884
    
    
    $
    
    
    
    $
    8,873Real estate mortgage and
construction
    
    
    5,540
    
    
    
    18,201
    
    
    
    1,297
    
    
    
    25,038Total
    
    $
    12,529
    
    
    $
    20,085
    
    
    $
    1,297
    
    
    $
    33,911Interest Rate Sensitivity of Loans:With predetermined interest rates
    
    $
    6,853
    
    
    $
    20,083
    
    
    $
    1,297
    
    
    $
    28,233With floating interest rates (2)
    
    
    5,676
    
    
    
    2
    
    
    
    
    
    
    
    5,678Total
    
    $
    12,529
    
    
    $
    20,085
    
    
    $
    1,297
    
    
    $
    33,911
  (l)
    
    Includes demand loans, loans having no stated schedule of repayments and
no stated maturity and overdrafts.(2)
    
    The floating interest rate loans generally fluctuate according to a
formula based on a prime rate. - 9 -




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The following table presents information concerning the aggregate amount
of nonperforming loans. Nonperforming loans comprise: (a) loans accounted for
on a nonaccrual basis; (b) loans contractually past due ninety days or more as
to interest or principal payments [but not included in the nonaccrual loans in
(a) above];(c) other loans whose terms have been restructured to provide a
reduction or deferral of interest or principal because of a deterioration in
the financial position of the borrower [exclusive of loans in (a) or (b)
above]; and (d) loans now current where there are serious doubts as to the
ability of the borrower to comply with present loan requirement terms (in
thousands of dollars). December 31,2003
    
    2002
    
    2001
    
    2000
    
    1999Loans accounted for on a
nonaccrual basis
    
    $
    12
    
    
    $
    3
    
    
    $
    8
    
    
    $
    
    
    
    $
    70Restructured loans which are not
on nonaccrual
    
    
    
    
    
    
    
    
    
    
    24
    
    
    
    34
    
    
    
    3912
    
    
    
    3
    
    
    
    32
    
    
    
    34
    
    
    
    109Other real estate and repossessed
assets received in complete or
partial satisfaction of loan
obligations
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Total nonperforming assets
    
    $
    12
    
    
    $
    3
    
    
    $
    32
    
    
    $
    34
    
    
    $
    109Loans contractually past due 90
days or more as to principal
or interest, but which were
not on nonaccrual
    
    $
    -0-
    
    
    $
    4
    
    
    $
    16
    
    
    $
    11
    
    
    $
    8
 At December 31, 2003, the recorded investment in loans that were
considered to be impaired under SFAS No. 114 was $12,000, with the related
allowance for loan losses of $-0-. The effect of nonperforming loans on interest income has not been
substantial in the past five years. Had interest been accrued on the
nonperforming loans, interest income would have been recorded in the amount of
$400, $200, $500, $3,857 and $9,501 for the years 2003, 2002, 2001, 2000 and
1999, respectively. Interest income in the amount of $-0-, $-0-, $-0-, $2,490
and $2,733 on nonperforming loans during 2003, 2002, 2001, 2000 and 1999,
respectively, was recorded. At December 31, 2003, 2002, 2001, 2000 and 1999, there were no significant
commitments to lend additional funds to debtors whose loans were considered to
be nonperforming. The Bank places loans on nonaccrual when the borrower is no longer able to
make periodic interest payments due to a deterioration of the borrowers
financial condition. At December 31, 2003, the Bank has an insignificant amount of loans for
which payments are current, but the borrowers are experiencing financial
difficulties. These loans are subject to constant management attention, and
their classification is reviewed on a monthly basis. - 10 -




---



##### Table of Contents



Summary of Loan Loss Experience The following table summarizes loan balances at the end of each period and
average loans based on daily average balances for 2003, 2002, 2001, 2000, and
1999; changes in the allowance for possible loan losses arising from loans
charged off and recoveries on loans previously charged off by loan category;
and additions to the allowance which have been charged to expense (in thousands
of dollars): Year Ended December 31,2003
    
    2002
    
    2001
    
    2000
    
    1999Amount of loans outstanding
at end of period
    
    $
    39,972
    
    
    $
    40,558
    
    
    $
    37,751
    
    
    $
    32,659
    
    
    $
    28,832Average amount
    
    $
    39,995
    
    
    $
    38,959
    
    
    $
    35,534
    
    
    $
    29,974
    
    
    $
    26,880
 Allowance for Possible Loan Losses
(In thousands of dollars) Year Ended December 31,2003
    
    2002
    
    2001
    
    2000
    
    1999Beginning balance
    
    $
    627
    
    
    $
    605
    
    
    $
    579
    
    
    $
    579
    
    
    $
    596Provision charged against income
    
    
    42
    
    
    
    42
    
    
    
    42
    
    
    
    11
    
    
    
    669
    
    
    
    647
    
    
    
    621
    
    
    
    590
    
    
    
    596Charge-offs:Commercial, financial and
agricultural loans
    
    
    
    
    
    
    
    
    
    
    (3
    )
    
    
    (3
    )
    
    
    (13
    )Real estate mortgage loans
    
    
    (1
    )
    
    
    (4
    )
    
    
    
    
    
    
    
    
    
    
    Real estate construction loans
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Installment loans
    
    
    (6
    )
    
    
    (16
    )
    
    
    (15
    )
    
    
    (8
    )
    
    
    (7
    )Total charge-offs
    
    
    (7
    )
    
    
    (20
    )
    
    
    (18
    )
    
    
    (11
    )
    
    
    (20
    )Recoveries:Commercial, financial and
agricultural loans
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Real estate mortgage loans
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Real estate construction loans
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Installment loans
    
    
    5
    
    
    
    
    
    
    
    2
    
    
    
    
    
    
    
    3Total recoveries
    
    
    5
    
    
    
    -0-
    
    
    
    2
    
    
    
    -0-
    
    
    
    3Net (charge-offs) recoveries
    
    
    (2
    )
    
    
    (20
    )
    
    
    (16
    )
    
    
    (11
    )
    
    
    (17
    )Ending balance
    
    $
    667
    
    
    $
    627
    
    
    $
    605
    
    
    $
    579
    
    
    $
    579
 Year Ended December 31,2003
    
    2002
    
    2001
    
    2000
    
    1999Ratio of net (charge-offs)
recoveries during the period to
average loans outstanding during
the period
    
    
    (.00
    )%
    
    
    (.05
    )%
    
    
    (.05
    )%
    
    
    (.04
    )%
    
    
    (.06
    )%
 - 11 -




---



##### Table of Contents



The allowance for possible loan losses has been allocated according to the
amount deemed to be reasonably necessary to provide for the possibility of
losses being incurred within the following categories of loans at the date
indicated: Allocation of Allowance for Possible Loan Losses
(In thousands of dollars) December 31, 2003
    
    December 31, 2002% of Loans
    
    
    
    
    
    % of LoansOutstanding
    
    
    
    
    
    Outstandingto Total
    
    
    
    
    
    to TotalAllowance
    
    Loans
    
    Allowance
    
    LoansCommercial, financial and
agricultural loans
    
    $
    166
    
    
    
    22.20
    %
    
    $
    156
    
    
    
    20.44
    %Real estate construction
    
    
    11
    
    
    
    2.34
    
    
    
    14
    
    
    
    4.31Real estate mortgage loans
    
    
    266
    
    
    
    60.30
    
    
    
    249
    
    
    
    61.41Installment loans
    
    
    224
    
    
    
    15.16
    
    
    
    208
    
    
    
    13.84$
    667
    
    
    
    100.00
    %
    
    $
    627
    
    
    
    100.00
    %
 December 31, 2001
    
    December 31, 2000% of Loans
    
    
    
    
    
    % of LoansOutstanding
    
    
    
    
    
    Outstandingto Total
    
    
    
    
    
    to TotalAllowance
    
    Loans
    
    Allowance
    
    LoansCommercial, financial and
agricultural loans
    
    $
    113
    
    
    
    17.85
    %
    
    $
    115
    
    
    
    21.27
    %Real estate construction
    
    
    8
    
    
    
    4.48
    
    
    
    4
    
    
    
    1.65Real estate mortgage loans
    
    
    257
    
    
    
    62.53
    
    
    
    236
    
    
    
    61.40Installment loans
    
    
    227
    
    
    
    15.14
    
    
    
    224
    
    
    
    15.68$
    605
    
    
    
    100.00
    %
    
    $
    579
    
    
    
    100.00
    %
 December 31, 1999% of LoansOutstandingto TotalAllowance
    
    LoansCommercial, financial and
agricultural loans
    
    $
    120
    
    
    
    25.41
    %Real estate construction
    
    
    5
    
    
    
    3.29Real estate mortgage loans
    
    
    238
    
    
    
    54.83Installment loans
    
    
    216
    
    
    
    16.47$
    579
    
    
    
    100.00
    %
 - 12 -




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##### Table of Contents



Deposits The average amount of deposits, using daily average balances for 2003,
2002, and 2001, is summarized for the periods indicated in the following table
(in thousands of dollars): Year December 31,2003
    
    2002
    
    2001Non-interest bearing demand deposits
    
    $
    31,804
    
    
    $
    28,824
    
    
    $
    27,114Interest bearing demand deposits
    
    
    15,058
    
    
    
    13,675
    
    
    
    11,158Savings deposits
    
    
    11,779
    
    
    
    11,559
    
    
    
    10,375Time deposits
    
    
    23,353
    
    
    
    24,595
    
    
    
    22,677$
    81,994
    
    
    $
    78,653
    
    
    $
    71,324
 Maturities of Large-Denomination Certificate of Deposits The following table provides the maturities of time certificates of
deposit of the Bank in amounts of $100,000 or more (in thousands): 2003
    
    2002
    
    2001Maturing in:3 months or less
    
    $
    6,852
    
    
    $
    6,014
    
    
    $
    4,387Over 3 months less than 6 months
    
    
    1,229
    
    
    
    1,379
    
    
    
    2,413Over 6 months less than 12 months
    
    
    1,204
    
    
    
    729
    
    
    
    511Over 12 months
    
    
    
    
    
    
    
    
    
    
    Total
    
    $
    9,285
    
    
    $
    8,122
    
    
    $
    7,311
 Short-Term Borrowing The Company did not have any short-term borrowing during the last three
years ended December 31, 2003. Return on equity and assets The ratio of Net Income to Average Shareholders Equity and to Average
Total Assets, and certain other ratios, are as follows: Year December 31,2003
    
    2002
    
    2001Percentage of net income to:Average total assets
    
    
    1.00
    %
    
    
    1.38
    %
    
    
    1.35
    %Average shareholders equity
    
    
    7.02
    %
    
    
    9.80
    %
    
    
    9.59
    %Percentage of dividends declared per
common share to net income per
common share
    
    
    23.78
    %
    
    
    21.83
    %
    
    
    20.60
    %Percentage of average shareholders
equity to daily average total assets
    
    
    14.31
    %
    
    
    14.04
    %
    
    
    14.13
    %
 - 13 -




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##### Table of Contents



Forward-Looking Statements Statements in this Report Form 10-K that are not historical facts should
be considered forward-looking statements with respect to the Company.
Forward-looking statements of this type speak only as of the date of this 10-K.
By nature, forward-looking statements involve inherent risk and uncertainties.
Various factors, including, but not limited to, economic conditions, asset
quality, interest rates, loan demand and changes in the assumptions used in
making the forward-looking statements, could cause actual results to differ
materially from those contemplated by the forward-looking statements. The
Company undertakes no obligation to update or revise forward-looking statements
to reflect subsequent circumstances, events or information, or for any other
reason. 
 Item 2. Properties The main office of the Company and the Bank are presently located at 321
East Landry Street, Opelousas, Louisiana, in the downtown business district.
The Bank leases three branch sites. The building in which the main office is
located is free of all mortgages. For information with respect to the Company obligations under its lease
commitments, see Note 9 to the Consolidated Financial Statements, which are
incorporated herein by reference under Item 8. 
 Item 3. Legal Proceedings The Company is not involved in any legal actions; however, there are
presently pending by the Bank a number of legal proceedings. It is the opinion
of management that the resulting liability, if any, from these actions and
other pending claims will not materially affect the consolidated financial
statements. 
 Item 4. Submission of Matters to a Vote of Security Holders No matters were submitted during the fourth quarter of the fiscal year
covered by this report to a vote of security holders, through the solicitation
of proxies or otherwise. - 14 -




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##### Table of Contents



PART II 
 Item 5. Market for Registrants Common Stock and Related Security Holder
Matters MARKET PRICE AND DIVIDENDS DECLARED DividendsYear
    
    Quarter
    
    High
    
    Low
    
    Per Share2003
    
    First
    
    $
    88
    
    
    $
    88
    
    
    $
    Second
    
    
    89
    
    
    
    89
    
    
    
    Third
    
    
    91
    
    
    
    91
    
    
    
    Fourth
    
    
    92
    
    
    
    92
    
    
    
    2.002002
    
    First
    
    $
    79
    
    
    $
    79
    
    
    $
    Second
    
    
    79
    
    
    
    79
    
    
    
    Third
    
    
    85
    
    
    
    85
    
    
    
    Fourth
    
    
    89
    
    
    
    89
    
    
    
    2.40
 Note: The primary market area for American Bancorp, Inc.s common stock is
the Opelousas, Louisiana area with American Bank and Trust Company acting as
registrar and transfer agent. There were approximately 503 shareholders of
record at December 31, 2003. Source
of market price - American Bank & Trust Company acts as the
transfer agent for the Company. The stock is thinly traded and the price
ranges are based on stated sales price to the transfer agent, which does not
represent all sales. RESTRICTIONS ON CASH DIVIDENDS PAYABLE BY THE REGISTRANT: The only source of funds by the Company to pay dividends is dividends paid
by the Subsidiary Bank, the payment of which is restricted by applicable
federal and state statutes. Federal bank regulatory authorities have authority under the Financial
Institutions Supervisory Act to prohibit a bank from engaging in an unsafe or
unsound practice. The payment of a dividend by the Bank could, depending upon
the financial condition of the Bank and other factors be deemed an unsafe or
unsound practice. Applicable Louisiana law prohibits a state bank subsidiary from paying a
dividend if its surplus remaining after payment of the dividend would be less
than half the aggregate par value of its outstanding stock. In addition, a
state bank subsidiary is required to obtain the prior approval of the
Commissioner of Financial Institutions of Louisiana before declaring or paying
a dividend in a given year if the total of all dividends declared or paid
during that year would exceed the total of its net profits for that year
combined with the net profits from the immediately preceding year less
dividends paid during these periods. - 15 -




---



##### Table of Contents



Item 6. Selected Financial Data The information called for by Item 6 is included in Registrants Annual
Report on page 4 in the Section titled Summary of Operations for the Last Five
Years and is incorporated herein by reference. 
 Item 7. Managements Discussion and Analysis of Financial Condition and
Results of Operations The information called for by Item 7 is included in the Registrants
Annual Report in the section titled Managements Discussion and Analysis of
Financial Condition and Results of Operations and is incorporated herein by
reference. 
 Item 7a. Quantitative and Qualitative Disclosure About Market Risk The information called for by Item 7a is included in Registrants Annual
Report on pages 9 and 10 in the Section titled Market Risk and is
incorporated herein by reference. 
 Item 8. Financial Statements and Supplementary Data The following consolidated financial statements of the Registrant and its
subsidiary included on pages 29 through 60 in the Annual Report are
incorporated herein by reference: Independent Auditors Report Consolidated
Balance Sheets - December 31, 2003 and 2002 Consolidated
Statements of Income - Years Ended December 31, 2003,
2002, and 2001 Consolidated
Statements of Shareholders Equity - Years Ended December
31, 2003, 2002, and 2001 Consolidated
Statements of Cash Flows - Years Ended December 31, 2003,
2002, and 2001 Notes to Consolidated Financial Statements Selected Quarterly Financial Data 
 Item 9. Changes in and Disagreements in Accounting and Financial Disclosure There have been no changes or disagreements with an independent accountant
on any matter of accounting principles or practice, financial disclosure,
auditing scope or procedure. 
 Item 9a. Controls and Procedures (a) Evaluation of disclosure controls and procedures. Based on their
evaluation as of a date within 90 days of the filing date of this Annual Report
on Form 10-K, the registrants principal Executive Officer and principal
Financial Officer have concluded that the registrants disclosure controls and
procedures (as defined in Rules 13a-14(c) and 15d-14(c) under the Securities
Exchange Act of 1934 (the Exchange Act)) are effective to ensure that
information required to be disclosed by the Company in reports that it files or
submits under the Exchange Act is recorded, processed, summarized and reported
within the time periods specified in Securities and Exchange Commission rules
and forms. - 16 -




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##### Table of Contents



(b) Changes in internal controls. There were no significant changes in
the registrants internal controls or in other factors that could significantly
affect these controls subsequent to the date of their evaluation, including any
corrective actions with regard to significant deficiencies and material
weaknesses. 
 PART III 
 Item 10. Directors and Executive Officers The Executive Officers of the Corporation are as follows: Name
    
    Age
    
    Position HeldSalvador L. Diesi, Sr.
    
    
    73
    
    
    Chairman of the Board of the Corporation
and the Bank since April 14, 1993 and
President of the Corporation and the
Bank since April 13, 1983.Ronald J. Lashute
    
    
    54
    
    
    Secretary and Treasurer of the
Corporation and Executive Vice-
President and Chief Executive Officer
of the Bank since March 1990; Director
of the Corporation since December
1994; Chief Executive Officer of the
Corporation since September 2002.George H. Comeau
    
    
    47
    
    
    Chief Financial Officer of the
Corporation since September 2002;
Vice-President, Cashier and Chief
Financial Officer of the Bank since
March 2001.
 Executive Officers are chosen by the Board of Directors to hold office at
the pleasure of the Board. Both Mr. Salvador L. Diesi, Sr. and Mr. Ronald J.
Lashute have been officers of the Corporation and the Bank for more than five
(5) years. Mr. Comeau has been an Executive Officer of the Corporation and the
Bank for less than five (5) years. The family relationships among the Executive Officers of the Corporation
are indicated in the list of Directors. The following table lists the current Directors of the Company, their
principal occupation for the last five (5) years and the beneficial ownership
(as determined in accordance with Rule 13d-3 of the Securities and Exchange
Commission) of the Companys outstanding common stock of each. - 17 -




---



##### Table of Contents



Shares (6)Principal Occupation
    
    
    
    
    
    Beneficiallyor Employment and
    
    First
    
    Owned as ofBusiness Experience
    
    Elected
    
    February 19, 2004Name and Address
    
    Age
    
    During Past 5 Years
    
    Director
    
    Number
    
    PercentageJasper J. Artall, Sr.
    
    
    62
    
    
    Farmer
    
    
    1998
    
    
    
    447
    
    
    
    .4
    %(7)Post Office Box 201
Melville, LA 71353J. C. Diesi (1,3,7)
115 W. Smiley Street
Opelousas, LA 70570
    
    
    83
    
    
    President of Diesi
Pontiac-Cadillac-
Buick, Inc.,
(Automobile Dealer
and Service)
    
    
    1958
    
    
    
    9,622
    
    
    
    8.3
    %Salvador L. Diesi, Sr.
(1,2,3,4,8)
1327 Dietlein Blvd.
Opelousas, LA 70570
    
    
    73
    
    
    Chairman of the Board
and President of the
Corporation and the
Bank; investor in and
operator of Little
Capitol of Louisiana,
Inc. (Gas Station,
Convenience Store and
Video Poker); commercial
real estate investor;
investor in farming
interest; and attorney
at law
    
    
    1973
    
    
    
    15,621
    
    
    
    13.5
    %Alvin A. Haynes, II
(7)
P.O. Box 1378
Opelousas, LA 70570
    
    
    56
    
    
    President of Williams
Funeral Home, Inc.;
President of Williams
Progressive Insurance
Company; President of
Haynes Family Funerals,
Inc.; Owner of Flowers
Galore
    
    
    2003
    
    
    
    231
    
    
    
    .2
    %Charles R. Jagneaux
(7)
P.O. Box 237
Opelousas, LA 70570
    
    
    57
    
    
    Clerk of Court,
St. Landry Parish
    
    
    2003
    
    
    
    241
    
    
    
    .2
    %Ronald J. Lashute
(2,3,5,8)
649 Southwood Drive
Opelousas, LA 70570
    
    
    54
    
    
    Executive Vice-President
of the Bank, Chief
Executive Officer of
the Bank and the
Corporation, and
Secretary and
Treasurer of the
Corporation
    
    
    1994
    
    
    
    16,428
    
    
    
    14.2
    %Total for Directors(six (6) persons)
    
    
    
    
    
    
    
    
    
    
    
    
    42,590
    
    
    
    36.8
    %
 - 18 -




---



##### Table of Contents



(1)
    
    J.C. Diesi is Salvador L. Diesi, Sr.s uncle.(2)
    
    Executive Officer of the Corporation who participates in major policy
making functions.(3)
    
    Ronald J. Lashute is a cousin of Salvador L. Diesi, Sr. and a nephew of
J.C. Diesi.(4)
    
    Of the 15,621 shares of common stock beneficially owned by Salvador L.
Diesi, Sr., 10,534 shares (9.1% of the Corporations outstanding common
stock) are owned at record by corporations of which Mr. Diesi owns 51% or
more.(5)
    
    Of the 16,428 shares of common stock beneficially owned by Ronald J.
Lashute, 16,000 shares (13.8% of the Corporations outstanding common
stock) are owned at record by The Diesi Family Trust. Mr. Ronald J.
Lashute is the trustee of The Diesi Family Trust. The trust document
gives Mr. Lashute sole voting authority with respect to the shares of the
Corporations common stock held by the trust and authorizes him to
distribute dividends in respect to shares of such stock. The trust
provides that, as to each beneficiary, it will remain in effect for the
life of the beneficiary or the maximum period allowed by Louisiana law,
whichever is longer. See Item 12 of this Form 10-K for additional
information regarding the trust.(6)
    
    All figures represent the number or percentage of outstanding shares of
common stock.(7)
    
    Owns shares of common stock directly.(8)
    
    Owns shares of common stock directly and indirectly. 
 Item 11. Executive Compensation Directors Fees. Directors of the Corporation received a board fee of $200
per month in 2003 for their services as Directors of the Corporation. In 2003,
each Director of the Bank received a board fee of $650 per month for their
services as Directors of the Bank. In addition, each Director of the Bank
received a cash bonus of $3,750 in 2003. Directors serving on the Banks Loan
Discount Committee received an additional $150 per month in 2003 for their
services on that committee. Compensation. The following table sets forth all compensation paid,
distributed or accrued for the account of the persons listed below for the
fiscal years ended December 31, 2001, December 31, 2002 and December 31, 2003
by the Bank to the Executive Officers of the Corporation and the Bank. - 19 -




---



##### Table of Contents



SUMMARY COMPENSATION TABLE AnnualCompensationSalary andName and
    
    
    
    
    
    Director
    
    Bonus
    
    Other Annual
    
    All OtherPrincipal Positions
    
    Year
    
    Fees($)
    
    ($)(1)
    
    Compensation($)(2)
    
    Compensation($)Salvador L. Diesi,
    
    
    2003
    
    
    
    36,600
    (4)
    
    
    3,850
    
    
    
    
    
    
    
    124
    (3)Sr., Chairman of
    
    
    2002
    
    
    
    39,810
    (5)
    
    
    3,900
    
    
    
    
    
    
    
    106
    (3)the Board and
    
    
    2001
    
    
    
    40,610
    (6)
    
    
    3,300
    
    
    
    
    
    
    
    198
    (3)President of the
Corporation and
the BankRonald J. Lashute,
    
    
    2003
    
    
    
    94,261
    (7)
    
    
    9,600
    
    
    
    
    
    
    
    15,297
    (12)Executive Vice-
    
    
    2002
    
    
    
    95,783
    (8)
    
    
    12,650
    
    
    
    
    
    
    
    12,279
    (13)President of the
    
    
    2001
    
    
    
    89,397
    (9)
    
    
    10,100
    
    
    
    
    
    
    
    10,818
    (14)Bank, Chief
Executive Officer
of the Bank and
the Corporation,
and Secretary and
Treasurer of the
CorporationGeorge H. Comeau,
    
    
    2003
    
    
    
    65,181
    (10)
    
    
    7,100
    
    
    
    
    
    
    
    397
    (3)Vice-President
    
    
    2002
    
    
    
    63,483
    (11)
    
    
    9,150
    
    
    
    
    
    
    
    326
    (3)and Cashier of
    
    
    2001
    
    
    
    50,962
    
    
    
    7,600
    
    
    
    
    
    
    
    283
    (3)the Bank and
Chief Financial
Officer of the
Corporation and
the Bank
  (1)
    
    The Bank had a cash bonus plan in 2003, 2002 and 2001, whereby a bonus
was declared by the Board of Directors. The total amount of the bonus
paid to all eligible employees of the Bank was $95,334, $109,081 and
$70,848, respectively, for those years. In addition, cash bonuses of
$3,750 in 2003, $3,750 in 2002 and $3,200 in 2001 were paid to each
Director of the Bank, except that, in 2002, one (1) Director received
$1,800. Cash bonuses paid to the Executive Officers of the Bank are noted
in the table above.(2)
    
    No amounts for perquisites and other personal benefits, such as company
automobiles, which may accrue to the named Executive Officers and which,
in the opinion of management, are job-related and appropriate in
connection with the conduct of the Corporations and the Banks affairs,
are shown. The aggregate amount of such compensation does not exceed ten
percent (10%) of the total annual salary and bonus reported for the named
Executive Officer and no such compensation for any officer exceeds
twenty-five percent (25%) of the total perquisites and other personal
benefits accruing to such officer.(3)
    
    Represents term life insurance premiums paid by the Bank. - 20 -




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(4)
    
    This amount includes $810 that was contributed by the Bank for the
account of Mr. Diesi in accordance with the terms of a 401(k) Plan
established by the Bank for the benefit of its employees in January 1993
(the 401(k) Plan).(5)
    
    This amount includes $810 that was contributed to the Bank for the
account of Mr. Diesi in accordance with the terms of the 401(k) Plan.(6)
    
    This amount includes $810 that was contributed by the Bank for the
account of Mr. Diesi in accordance with the terms of the 401(k) Plan.(7)
    
    This amount includes $2,828 that was contributed by the Bank for the
account of Mr. Lashute in accordance with the terms of the 401(k) Plan.(8)
    
    This amount includes $1,998 that was contributed by the Bank for the
account of Mr. Lashute in accordance with the terms of the 401(k) Plan.(9)
    
    This amount includes $2,012 that was contributed by the Bank for the
account of Mr. Lashute in accordance with the terms of the 401(k) Plan.(10)
    
    This amount includes $1,956 that was contributed by the Bank for the
account of Mr. Comeau in accordance with the terms of the 401(k) Plan.(11)
    
    This amount includes $945 that was contributed by the Bank for the
account of Mr. Comeau in accordance with the terms of the 401(k) Plan.(12)
    
    This amount includes $14,689 of deferred compensation accrued under a
supplemental executive retirement plan established by the Bank on
September 1, 1995. This amount also includes $608 in term life insurance
premiums paid by the Bank.(13)
    
    This amount includes $11,757 of deferred compensation accrued under a
supplemental executive retirement plan and $522 in term life insurance
premiums paid by the Bank.(14)
    
    This amount includes $10,238 of deferred compensation accrued under a
supplemental executive retirement plan and $580 in term life insurance
premiums paid by the Bank. - 21 -




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Item 12. Security Ownership of Certain Beneficial Owners and Management and
Related Stockholder Matters The following table sets forth, as of February 19, 2004, information
concerning the beneficial ownership of voting stock of American Bancorp, Inc.,
by persons who are known to the Corporation to be beneficial owners of more
than five percent (5%) of the Corporations outstanding shares of voting common
stock: Title of Class
    
    Name and Addressof Beneficial Owner
    
    Amountand Natureof BeneficialOwnership
    Percentageof Class ofShares OwnedCommon Stock
    
    Salvador L. Diesi, Sr.
    
    15,621 Shares
    
    
    13.5
    %1327 Dietlein Blvd.
    
    Direct andOpelousas, LA  70570
    
    Indirect(1)Common Stock
    
    J.C. Diesi
    
    9,622 Shares
    
    
    8.3
    %115 W. Smiley Street
    
    DirectOpelousas, LA  70570Common Stock
    
    Ronald J. Lashute
    
    16,428 Shares
    
    
    14.2
    %649 Southwood Drive
    
    Direct andOpelousas, LA  70570
    
    Indirect(2)
  (1)
    
    Mr. Salvador L. Diesi, Sr. directly owns 5,087 shares or 4.4% of the
outstanding shares of the common stock of the Corporation. In addition,
he owns 10,534 shares, which is equal to 9.1% of the outstanding shares of
the Corporation, indirectly, through his associations with his business.(2)
    
    Mr. Ronald J. Lashute directly owns 428 shares or .4% of the outstanding shares of the common stock of the Corporation. Mr. Lashute is the trustee
of The Diesi Family Trust. The trust owns 16,000 shares or 13.8% of the
outstanding shares of the Corporation. The trust is for the benefit of
the grandchildren of Frank Diesi (a former Director of the Corporation)
and Marie Diesi. 
 Item 13. Certain Relationships and Related Transactions The Bank has had, and expects to have in the future, banking transactions
in the ordinary course of business with directors, officers and principal
stockholders of the Corporation and of the Bank and their associates,
affiliates or members of their immediate families. The transactions have been
and will continue to be made on the same terms, including interest rates and
collateral on loans, as those prevailing at the same time for comparable
transactions with others and do not involve more than the normal risk of
collectibility or present other unfavorable features. In addition, the Bank has had other transactions, as indicated below, with
certain directors of the Bank. Such transactions were made in the ordinary
course of business and were on terms competitive with those existing in the
community at the time made. - 22 -




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The Bank is obligated under a lease for the South Branch location with
Little Capitol of Louisiana, Inc., which corporation is owned by Salvador L.
Diesi, Sr. and a trust set up by Frank Diesi (a former Director of the Bank)
and Marie Diesi for the benefit of their grandchildren. For the year ended
December 31, 2003, the Bank paid Little Capitol of Louisiana, Inc. $23,071
under the terms of the lease. The initial lease expired on May 31, 1997, and
was then renewed through May 31, 2002, and was renewed again through May 31,
2007. Additionally, the Bank had its vehicles repaired by Diesi
Pontiac-Cadillac-Buick, Inc. and paid an aggregate amount of $1,566 for such
repairs. Mr. J.C Diesi, a Director of the Corporation and the Bank is an owner
of the car dealership. During 2003, the Bank purchased a vehicle at Diesi Pontiac-Cadillac-Buick,
Inc. for $24,856. 
 Item 14. Principal Accountant Fees and Services Audit Fees. The aggregate fees billed by Broussard, Poche, Lewis &
Breaux, L.L.P. for professional services rendered for the audit of the
Corporations annual financial statements for the last two (2) years and the
review of the financial statements included in the Corporations Forms 10-Q for
the last two (2) fiscal years, or for services that are normally provided by
Broussard, Poche, Lewis & Breaux, L.L.P. in connection with statutory and
regulatory filings or engagements for those fiscal years, were $33,910 for 2003
and $43,400 for 2002. Tax Fees. The aggregate fees billed by Broussard, Poche, Lewis & Breaux,
L.L.P. for professional services rendered for tax compliance, tax advice and
tax planning, which services comprised solely the preparation of the
Corporations federal and state tax returns, were $3,000 in 2003 and $2,400 in
2002. Financial Information Systems Design and Implementation Fees. Broussard,
Poche, Lewis & Breaux, L.L.P. did not bill the Corporation for, or render,
professional services related to financial information systems design or
implementation for or on behalf of the Corporation during the most recent
fiscal year. Audit-Related Fees. The aggregate fees billed in each of the last two (2)
fiscal years of the Corporation for assurance and related services by
Broussard, Poche, Lewis & Breaux, L.L.P. that are or were reasonably related
to the performance of the audit or review of the Corporations financial
statements and that are not reported under the caption Audit Fees were $-0-
in 2003 and 2002. All Other Fees. The aggregate fees billed for services rendered by
Broussard, Poche, Lewis & Breaux, L.L.P. for services, other than those
described above in Audit Fees, Tax Fees, and Audit-Related Fees, were
$12,725 for 2003 and $8,985 for 2002, which fees were billed in connection with
reviews of the Corporations Forms 10-K, research concerning changes of
organizational status, a review of investment practices, evaluations of
employee benefit plans, restatement of retirement and cafeteria plan documents
and an examination of electronic data processing operations. - 23 -




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Other Matters. The Audit Committee of the Corporation has considered
whether the provision of the services by Broussard, Poche, Lewis & Breaux,
L.L.P., other than the services described above under Audit Fees, is
compatible with maintaining the independence of Broussard, Poche, Lewis &
Breaux, L.L.P. and has determined that the provision of such services is
compatible with the independence of Broussard, Poche, Lewis & Breaux, L.L.P.
The percentage of the hours expended in Broussard, Poche, Lewis & Breaux,
L.L.P.s engagement to audit the Corporations financial statements for the
most recent fiscal year that were attributed to work performed by persons other
than the full-time permanent employees of Broussard, Poche, Lewis & Breaux,
L.L.P. was not in excess of fifty percent (50%). 
 Part IV 
 Item 15. Exhibits, Financial Statement Schedules, and Reports on Form 8-K (a)
    
    1. Financial StatementsThe following consolidated financial statements of American
Bancorp, Inc. and Subsidiary, included in pages 29 through 60 of
the Registrants Annual Report are incorporated by reference in
Item 8:Independent
Auditors ReportConsolidated
Balance Sheets - December 31, 2003 and 2002Consolidated Statements of Income - Years Ended December 31,
2003, 2002 and 2001Consolidated Statements of Shareholders Equity - Years Ended
December 31, 2003, 2002 and 2001Consolidated Statements of Cash Flows - Years Ended December
31, 2003, 2002 and 2001Notes
to Consolidated Financial StatementsSelected
Quarterly Financial Data(a)
    
    2. Financial Statement SchedulesThe Schedules to the consolidated financial statements required
by Article 9, and all other schedules to the financial statements
of the Registrant required by Article 9 of Regulation S-X are not
required under the related instructions or are inapplicable and
therefore have been omitted.(a)
    
    3. Exhibits(13)     2003 Annual Report to Shareholders(23)     Consent of Independent Auditors(31)     Certification required by Rule 13a-14(a) or Rule 15d-14(a)(32)     Certification pursuant to 18 U.S.C. Section
1350, as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002
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(b)
    
    Reports on Form 8-K`None(c)
    
    ExhibitsThe response to this portion of Item 14 is submitted as a
separate section of this report.(d)
    
    Financial Statement SchedulesThe response to this portion of Item 14 is submitted as a
separate section of this report.
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Signatures Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized. American Bancorp, Inc.
(Registrant)By:
    /s/ Salvador L. Diesi, Sr.Salvador L. Diesi, Sr., Chairmanof the Board of the Company
and the Bank; President of
the Company and the Bank Date:
    
    March 24, 2004
 Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated. /s/ Salvador L. Diesi, Sr.
    
    /s/ Jasper J. Artall, Sr.Salvador L. Diesi, Sr., Chairman of
the Board of the Company and the
Bank; President of the Company
and the Bank
    
    Jasper J. Artall, Sr., DirectorDate: March 24, 2004
    
    Date: March 24, 2004/s/ Ronald J. Lashute
    
    /s/ J. C. DiesiRonald J. Lashute, Executive Vice-
President and Chief Executive Officer
of the Bank; Chief Executive Officer
and Secretary/Treasurer of the
Company
    
    J. C. Diesi, DirectorDate: March 24, 2004
    
    Date: March 24, 2004/s/ Alvin A. Haynes, II
    
    /s/ Charles R. JagneauxAlvin A. Haynes, II, Director
    
    Charles R. Jagneaux, DirectorDate: March 24, 2004
    
    Date: March 24, 2004
 - 26 -




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EXHIBIT INDEX Number
    
    Description13.1
    
    2003 Annual Report to shareholders
of American Bancorp, Inc.23.1
    
    Consent of Independent Auditors.31.1
    
    Certification pursuant to U.S.C. Section
1350 by the Companys Principal
Executive Officer31.2
    
    Certification pursuant to U.S.C. Section
1350 by the Companys Principal
Financial Officer32.1
    
    Certification of Chief Executive Officer
pursuant to 18 U.S.C. Section 135032.2
    
    Certification of Chief Financial Officer
pursuant to 18 U.S.C. Section 135032.3
    
    Disclosure of approval by the Companys
Audit Committee for the performance
of nonaudit services by the Companys
independent auditors pursuant to
18 U.S.C. Section 135032.4
    
    Disclosure on controls by the Companys
principal Executive Officer pursuant
to 18 U.S.C. Section 135032.5
    
    Disclosure on controls by the Companys
principal Financial Officer pursuant
to 18 U.S.C. Section 1350
 - 27 -