UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER: 0-49892
CUSIP NUMBER: 694864109
(Check
One)
: ☐
Form 10-K
☐
Form 20-F
[
X
]
Form 10-Q ☐
Form 10-D ☐ Form N-SAR
For Period Ended: June 30, 2010
☐
Transition Report on Form 10-K
☐
Transition Report on Form 20-F
☐
Transition Report on Form 11-K
☐
Transition Report on Form 10-Q
☐ Transition Report on Form N-SAR
For the Transition Period Ended:
Read
Instruction (on back page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply
that the Commission has verified any information contained herein
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If the notification relates
to a portion of the filing checked above, identify the Item(s) to which the
notification relates: N/A
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PART I
-- REGISTRANT INFORMATION
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Pacific State Bancorp
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Full Name
of Registrant
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Former
Name if Applicable
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1899 W. March
Lane
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Address
of Principle Executive Office
(Street and Number)
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Stockton, California 95207
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City,
State and Zip Code
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PART II-RULES 12B-25(b)
AND (c)
If the subject report could
not be filed without unreasonable effort or expense and the registrant seeks
relief pursuant to Rule
12B-25
(b), the following should be
completed. (Check box if appropriate)
[
X
]
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(a) The reason
described in reasonable detail in Part III of this form could not be
eliminated without unreasonable effort or expense;
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(b) The subject
annual report, semi-annual report, transition report on Form 10-K, Form 20-F,
Form 11-K or Form N-SAR, or portion thereof, will be filed on or before the
fifteenth calendar day following the prescribed due date; or the subject
quarterly report or transition report on Form 10-Q or subject distribution report
on Form 10-D, or portion thereof, will be filed on or before the fifth
calendar day following the prescribed due date; and
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(c) The accountant's
statement or other exhibit required by Rule
12B-25
(c) has been
attached if applicable.
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PART III--NARRATIVE
State below in reasonable
detail why forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, or the transition report
or portion thereof, could not be filed within the prescribed time period.
The Company
has been unable to complete preparation of its Form 10-Q for the quarter ended June 30,
2010 due to delays in the preparation of its financial statements.
PART IV--OTHER INFORMATION
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Name and telephone number
of person to contact in regard to this notification
Rick D. Simas
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(209)
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870-3214
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(Name)
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(Area Code)
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(Telephone Number)
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Have all other periodic
reports required under Section 13 or 15(d) of the Securities Exchange Act
of 1934 or Section 30 of the Investment Company Act of 1940 during the
preceding 12 months or for such shorter period that the registrant was
required to file such report(s) been filed? If the answer is no,
identify report(s).
[X] Yes [ ] No
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Is it anticipated that any
significant change in results of operations from the corresponding period
for the last fiscal year will be reflected by the earnings statements to
be included in the subject report or portion thereof?
[X] Yes [ ] No
If so, attach an explanation
of the anticipated change, both narratively and quantitatively, and, if
appropriate, state the reasons why a reasonable estimate of the results cannot
be made.
Explanation provided in
response to Part IV (3):
The
Company anticipates reporting a net loss of $1,070,000 for the quarter end June
30, 2010 as compared to a net loss of $4,565,000 for the quarter ended June 30,
2009.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
The statement in this
Form 12b-25 of the Company's estimate of its net income for the year ended
December 31, 2009 constitutes a "forward looking statement" within the meaning
of Section 21E of the Securities Exchange Act of 1934, as amended. This
estimate is subject to the risk that the actual net income may vary from the
estimate because of adjustments made in connection with the finalization of the
Company's financial statements for the year, including but not limited to
additional provisions for loan loss reserves. Readers are cautioned not to
place undue reliance on this forward-looking statement, which speaks only as of
the date of this 12b-25.
Pacific State
Bancorp
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(Name of Registrant as
Specified in Charter)
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has caused this notification
to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August
16, 2010
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By: /s/ Rick
D. Simas
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