SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 10-Q/A
Quarterly Report Under Section 13 or 15(d)
of the Securities Exchange Act of 1934
For Quarter Ended March 31, 1995 Commission File No. 0-5929
F & M NATIONAL CORPORATION
(Exact name of registrant as specified in its charter)
Commonwealth of Virginia 54-0857462
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification Number)
38 Rouss Avenue, Winchester, Virginia 22601
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 703-665-4200
NO CHANGES
(Former name, former address and former fiscal year, if
changes since last report)
Indicate by check mark whether the registrant (l) has filed all
reports to be filed by Section 13 or 15(d) of the Securities and
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 XX No
Indicate the number of shares outstanding of each of the issuer's
classes of common stock as of the close of the period covered by
this report: 15,663,660 shares
BY: /s/
Alfred B. Whitt, Senior Vice President and Secretary
F & M National Corporation
Date: May 18, 1995
<TABLE> <S> <C>
<ARTICLE> 9
<RESTATED>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> MAR-31-1995
<CASH> 70,611
<INT-BEARING-DEPOSITS> 249
<FED-FUNDS-SOLD> 73,708
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 217,299
<INVESTMENTS-CARRYING> 265,312
<INVESTMENTS-MARKET> 260,262
<LOANS> 979,157
<ALLOWANCE> 15,330
<TOTAL-ASSETS> 1,670,857
<DEPOSITS> 1,452,610
<SHORT-TERM> 17,184
<LIABILITIES-OTHER> 29,136
<LONG-TERM> 2,709
<COMMON> 31,327
0
0
<OTHER-SE> 137,891
<TOTAL-LIABILITIES-AND-EQUITY> 1,670,857
<INTEREST-LOAN> 22,556
<INTEREST-INVEST> 7,667
<INTEREST-OTHER> 628
<INTEREST-TOTAL> 30,851
<INTEREST-DEPOSIT> 11,905
<INTEREST-EXPENSE> 12,313
<INTEREST-INCOME-NET> 18,538
<LOAN-LOSSES> 265
<SECURITIES-GAINS> 15
<EXPENSE-OTHER> 13,337
<INCOME-PRETAX> 8,639
<INCOME-PRE-EXTRAORDINARY> 8,639
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 5,782
<EPS-PRIMARY> 0.37
<EPS-DILUTED> 0.37
<YIELD-ACTUAL> 8.03
<LOANS-NON> 11,900
<LOANS-PAST> 1,722
<LOANS-TROUBLED> 534
<LOANS-PROBLEM> 21,346
<ALLOWANCE-OPEN> 15,097
<CHARGE-OFFS> 318
<RECOVERIES> 286
<ALLOWANCE-CLOSE> 15,330
<ALLOWANCE-DOMESTIC> 15,330
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 0
</TABLE>
