Item 1. Business.................................................. 1
Item 2.
Item 2. Properties................................................ 1
Item 3.
ITEM 3 LEGAL PROCEEDINGS.
There were no material legal proceedings involving either the Mortgage Pool, the Trustee, the custodian, the Servicer or the Registrant with respect to the Mortgage Pool, other than ordinary routine litigation incidental to the duties of the Trustee, the custodian, the Servicer or the Registrant under the Pooling and Servicing Agreement.
ITEM 4
ITEM 4 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
No matter was submitted to a vote of security holders during the fourth quarter of the fiscal year ended December 31, 1997.
PART II
ITEM 5
ITEM 5 MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.
(a) There is no established trading market for the Certificates.
(b) As of January 2, 1998, with respect to Series 1997-2 there were four (4) holders of record of the Registrant's Class 1A-1 Certificates, there were two (2) holders of record of the Registrant's Class 1A-2 Certificates, there were four (4) holders of record of the Registrant's Class 1A-3 Certificates, there were two (2) holders of record of the Registrant's Class 1A-4 Certificates, there were two (2) holders of record of the Registrant's Class 1A-5 Certificates, there were eight (8) holders of record of the Registrant's Class 2A Certificates and there were two (2) holders of record of the Registrant's Class R Certificates.
This does not reflect the number of persons who hold their certificates in nominee or "street" name through various brokerage firms.
ITEM 6
ITEM 6 SELECTED FINANCIAL DATA.
Not applicable.
ITEM 7
ITEM 7 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS.
Not applicable.
ITEM 8
ITEM 8 FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.
Not applicable.
ITEM 9
ITEM 9 CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.
Not applicable since there was no change of accountants or disagreements on any matter of accounting principles or practices of financial disclosure.
PART III
ITEM 10
ITEM 10 DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT.
Not applicable.
ITEM 11
ITEM 11 EXECUTIVE COMPENSATION.
Not applicable.
ITEM 12
ITEM 12 SECURITY OWNERSHIP OF CERTAIN OWNERS AND MANAGEMENT.
The following table provides information, as of January 2, 1998 with respect to the ownership by each person or group of persons, known by the Registrant to be a record owner of 5% or more of each class of the 1997-2 Series of Certificates. This does not reflect the persons who hold their certificates in nominee or "street" name.
Except as set forth below, the Registrant is not aware of any record owner of more than 5% of the Certificates as of the close of business on January 2, 1998.
ITEM 13
ITEM 13 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.
Not applicable.
ITEM 14
ITEM 14 EXHIBITS, FINANCIAL STATEMENTS SCHEDULES AND REPORTS ON FORM 8-K.
Not applicable.
SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15(D) BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES PURSUANT TO SECTION 12 OF THE ACT. --------------------------------------------------------------------------
No annual report, proxy statement, form of proxy or other soliciting material has been sent to Certificateholders, and the Registrant does not contemplate sending any such materials subsequent to the filing of this report.
SIGNATURES
Subject 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.
SUPERIOR BANK FSB (Registrant and as Depositor)
By: /s/ William C. Bracken ------------------------- William C. Bracken Senior Vice President and Chief Financial Officer
Date: February 4, 1998
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons and in the capacities and on the date indicated.