SANTA BARBARA BANCORP
10-Q/A, 1995-07-31
STATE COMMERCIAL BANKS
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               UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                        Washington, D. C.  20549
                         Form 10-Q Amendment #1

(Mark One)
     X   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
         SECURITIES EXCHANGE ACT OF 1934
         For the quarterly period ended March 31, 1995     

         Commission File No.: 0-11113

                                        OR

    ___ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE 
        SECURITIES EXCHANGE ACT OF 1934
        For the transition period from  ______________  to  ____________


                           SANTA BARBARA BANCORP
            (Exact Name of Registrant as Specified in its Charter)

               California                            95-3673456     
     (State or other jurisdiction of                (I.R.S.  Employer
      incorporation or organization)               Identification No.)

     1021 Anacapa Street, Santa Barbara, California     93101
     (Address of principal executive offices)     (Zip Code)

                                (805) 564-6300
           (Registrant's telephone number, including area code)

                                Not Applicable
    Former name, former address and former fiscal year, if changed since 
last report.

Indicate by check mark whether the registrant (1) has filed all reports 
required to be filed by Section 13 or 15(d) of the Securities 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  X   No               

Common Stock - As of May 10, 1995, there were 5,126,467 shares of the 
issuer's common stock outstanding.

THE PURPOSE OF THIS AMENDMENT IS TO PROPERLY ATTACH EXHIBIT 27, THE
FINANCIAL DATA SCHEDULE REQUIRED BY THIS FORM


PART II

OTHER INFORMATION

Item 6.      Exhibits and Reports on Form 8-K

     (a)     Exhibit Index:

     Exhibit Number     Item Description

          11           Computation of Per        
                         Share Earnings
          27           Financial Data Schedule 

(b)     No reports were filed on Form 8-K

SIGNATURES

Pursuant to the Securities Exchange Act of 1934, the Company has duly 
caused this report to be signed on its behalf by the undersigned thereunto 
duly authorized:



     SANTA BARBARA BANCORP



DATE:  July 30, 1995     /s/  Donald Lafler     

     Donald Lafler
     Vice President
     Chief Financial Officer




<TABLE> <S> <C>

<ARTICLE> 9
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               MAR-31-1995
<CASH>                                          64,642
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     44,583
<INVESTMENTS-CARRYING>                         327,228
<INVESTMENTS-MARKET>                                 0
<LOANS>                                        534,895
<ALLOWANCE>                                     16,433
<TOTAL-ASSETS>                               1,027,611
<DEPOSITS>                                     897,592
<SHORT-TERM>                                    24,795
<LIABILITIES-OTHER>                              8,486
<LONG-TERM>                                          0
<COMMON>                                         5,126
                                0
                                          0
<OTHER-SE>                                      91,612
<TOTAL-LIABILITIES-AND-EQUITY>               1,027,611
<INTEREST-LOAN>                                 15,023
<INTEREST-INVEST>                                5,811
<INTEREST-OTHER>                                 1,155
<INTEREST-TOTAL>                                21,989
<INTEREST-DEPOSIT>                               7,364
<INTEREST-EXPENSE>                               7,583
<INTEREST-INCOME-NET>                           14,406
<LOAN-LOSSES>                                    3,663
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                 12,021
<INCOME-PRETAX>                                  4,077
<INCOME-PRE-EXTRAORDINARY>                       4,077
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     2,976
<EPS-PRIMARY>                                     0.58
<EPS-DILUTED>                                     0.58
<YIELD-ACTUAL>                                    5.86
<LOANS-NON>                                     10,650
<LOANS-PAST>                                     1,671
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                 27,487
<ALLOWANCE-OPEN>                                12,911
<CHARGE-OFFS>                                      268
<RECOVERIES>                                       127
<ALLOWANCE-CLOSE>                               16,433
<ALLOWANCE-DOMESTIC>                            16,433
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
        

</TABLE>


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