SEC Form 13F Summary: First Business Financial Services, Inc.
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by First Business Financial Services, Inc. for the reporting period ending June 30, 2013. The form discloses the company's holdings of equity securities as of the end of the quarter. It is a regulatory disclosure of investment positions and does not contain the company's own operating financial results.
Key Financial Metrics and Holdings
The filing details the specific securities held by the company, categorized by issuer, class, CUSIP, value (in thousands), and voting authority. Key aggregate observations include:
- Total Portfolio Composition: The portfolio consists of common stocks and mutual funds (including iShares, SPDR, and Vanguard).
- Largest Single Holding: Vanguard Mutual Funds/Equity (CUSIP 922908769) with a reported value of $595,915,000 (Sole Discretion).
- Significant Equity Positions:
- First Business Financial Common Stock: $5,614,000 (187,316 shares).
- iShares Mutual Funds/Fixed Income: $341,465,000 (341,465 shares).
- iShares Mutual Funds/Equity: $369,710,000 (369,710 shares).
- SPDR Mutual Funds/Equity (81369Y605): $195,862,000 (195,862 shares).
- Voting Authority: The company reports "Sole" voting authority for the majority of positions, with some "Shared" or "None" authority noted for specific tranches.
Material Changes
The filing text does not provide comparative data for the prior quarter (March 31, 2013) or year-over-year changes. Consequently, material changes in holdings versus the prior comparable period cannot be determined from this document alone.
Guidance, Outlook, and Risks
This Form 13F is a static snapshot of holdings and does not contain management commentary, forward-looking guidance, risk factors, or contingencies regarding the company's future operations or financial outlook. The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Verify the total aggregate value of the portfolio by summing the "Value" column to assess total asset exposure.
- Confirm the distinction between "Sole" and "Shared" voting authority to understand the company's control over the reported assets.
- Compare these holdings against the company's 10-Q or 10-K filings for the same period to reconcile investment assets with reported financial statements.
- Note that the filing lists the company's own stock (First Business Financial Common Stock) as a holding; verify if this represents treasury stock or an affiliate holding.