<PAGE> 1
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-K Amendment #1
(Mark One)
X ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1994
___ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from ______________ to ____________
Commission file number 0-11113
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)
Securities registered pursuant to Section 12(b) of the Act: NONE
Securities registered pursuant to Section 12(g) of the Act:
Title of Class Name of Each Exchange on Which
Registered
Common Stock, no par value Not Listed
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
Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained,
to the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. [x]
The aggregate market value of the voting stock held by non-affiliates of
the registrant as of March 8, 1995, based on the sales prices reported to
the Company on that date of $25.75 per share: Common Stock - $106,532,385*
*Based on reported beneficial ownership by all directors and executive
officers and the Company's Employee Stock Ownership Plan; however, this
determination does not constitute an admission of affiliate status for any
of these stockholders.
As of March 8, 1995, there were 5,126,406 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.
DOCUMENTS INCORPORATED BY REFERENCE: Portions of registrant's Proxy
Statement for the Annual Meeting of Shareholders on April 25, 1995 and the
Annual Report to Shareholders for the fiscal year ended December 31, 1994
are incorporated by reference into Parts I, II, and III.
Exhibit Index on Page 7 of original filing
Page 1 of 130 of original filing
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has this duly caused this amended report to be signed by the
undersigned, thereunto duly authorized.
/s/ Donald Lafler 4/26/95
Donald Lafler date
Vice President
Principal Accounting Officer
Exhibit 27
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<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<CASH> 69,630
<INT-BEARING-DEPOSITS> 0
<FED-FUNDS-SOLD> 15,000
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 87,439
<INVESTMENTS-CARRYING> 299,520
<INVESTMENTS-MARKET> 0
<LOANS> 499,431
<ALLOWANCE> 12,911
<TOTAL-ASSETS> 1,067,616
<DEPOSITS> 956,717
<SHORT-TERM> 10,487
<LIABILITIES-OTHER> 6,452
<LONG-TERM> 0
<COMMON> 5,126
0
0
<OTHER-SE> 88,834
<TOTAL-LIABILITIES-AND-EQUITY> 1,067,616
<INTEREST-LOAN> 46,816
<INTEREST-INVEST> 25,812
<INTEREST-OTHER> 2,272
<INTEREST-TOTAL> 74,900
<INTEREST-DEPOSIT> 24,008
<INTEREST-EXPENSE> 24,967
<INTEREST-INCOME-NET> 49,933
<LOAN-LOSSES> 6,257
<SECURITIES-GAINS> (1,191)
<EXPENSE-OTHER> 39,291
<INCOME-PRETAX> 17,469
<INCOME-PRE-EXTRAORDINARY> 17,469
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 12,951
<EPS-PRIMARY> 2.54
<EPS-DILUTED> 2.54
<YIELD-ACTUAL> 5.20
<LOANS-NON> 6,326
<LOANS-PAST> 1,290
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 32,561
<ALLOWANCE-OPEN> 10,067
<CHARGE-OFFS> 4,543
<RECOVERIES> 1,130
<ALLOWANCE-CLOSE> 12,911
<ALLOWANCE-DOMESTIC> 12,911
<ALLOWANCE-FOREIGN> 0
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