SEC Comment Letter for CAMCO FINANCIAL CORP (CIK 0000016614) — Oct 28, 2005
CAMCO FINANCIAL CORP (CIK 0000016614)
Date: Oct. 28, 2005 · CIK: 0000016614 · Accession: 0000000000-05-054967
AI Filing Summary & Sentiment
File numbers found in text: 000-25196
Referenced dates: September 23, 2005, September 8, 2005
Letter
October 13, 2005 By U.S. Mail and facsimile to 740-435-2021 Mark A. Severson Chief Financial Officer Camco Financial Corporation 6901 Glenn Highway Cambridge, Ohio 43725
Re: Camco Financial Corporation Form 10-K for the Fiscal Year Ended December 31, 2004 File No. 000-25196
Dear Mr. Severson:
We have reviewed your response letter dated September 23, and have the following additional comments.
Item 9A. Controls and Procedures, page 75
1. We note your supplemental response to comment 1 of our letter dated September 8, 2005. Please tell us the basis for your officers` conclusions that your disclosure controls and procedures were effective as of December 31, 2004 in light of this material weakness that you assert could result in materially misstated financial statements. Refer to paragraph D of SEC Release No. 33-8238, in particular the Staff`s view that disclosure controls and procedures will include those components of internal control over financial reporting that provide reasonable assurances that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles.
2. In your response you state that the identified material weakness could have caused the allowance for loan losses to be materially misstated. Please tell us the procedures you performed to mitigate this material weakness when determining your allowance for loan losses as of December 31, 2004.
* * * * *
Please respond to these comments within 10 business days or tell us when you will provide us with a response. Please file your response on EDGAR. Detailed cover letters greatly facilitate our review. Please understand that we may have additional comments after reviewing your responses to our comments.
You may contact Matthew Komar, Staff Accountant at (202) 551- 3781 or me at (202) 551-3449 if you have questions regarding comments on the financial statements and related matters.
Sincerely,
Joyce Sweeney
Accounting Branch Chief
Show Raw Text
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Mail Stop 4561
October 13, 2005
By U.S. Mail and facsimile to 740-435-2021
Mark A. Severson
Chief Financial Officer
Camco Financial Corporation
6901 Glenn Highway
Cambridge, Ohio 43725
Re: Camco Financial Corporation
Form 10-K for the Fiscal Year Ended December 31, 2004
File No. 000-25196
Dear Mr. Severson:
We have reviewed your response letter dated September 23,
2005
and have the following additional comments.
Item 9A. Controls and Procedures, page 75
1. We note your supplemental response to comment 1 of our letter
dated September 8, 2005. Please tell us the basis for your
officers`
conclusions that your disclosure controls and procedures were
effective as of December 31, 2004 in light of this material
weakness
that you assert could result in materially misstated financial
statements. Refer to paragraph D of SEC Release No. 33-8238, in
particular the Staff`s view that disclosure controls and
procedures
will include those components of internal control over financial
reporting that provide reasonable assurances that transactions are
recorded as necessary to permit preparation of financial
statements
in accordance with generally accepted accounting principles.
2. In your response you state that the identified material
weakness
could have caused the allowance for loan losses to be materially
misstated. Please tell us the procedures you performed to
mitigate
this material weakness when determining your allowance for loan
losses as of December 31, 2004.
* * * * *
Please respond to these comments within 10 business days or
tell us when you will provide us with a response. Please file
your
response on EDGAR. Detailed cover letters greatly facilitate our
review. Please understand that we may have additional comments
after
reviewing your responses to our comments.
You may contact Matthew Komar, Staff Accountant at (202)
551-
3781 or me at (202) 551-3449 if you have questions regarding
comments
on the financial statements and related matters.
Sincerely,
Joyce Sweeney
Accounting Branch Chief
Mark A. Severson
Camco Financial Corporation
October 13, 2005
Page 1
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