<PAGE> 1
United States
Securities and Exchange Commission
Washington, D.C. 20549
FORM 10-K/A
Amendment No. 2
This amendment is being filed to properly attach Exhibit 27, the Financial Data
Schedule, to the submission document.
(Mark One)
(X) Annual Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 (Fee Required)
For the fiscal year ended December 31, 1994
or
( ) Transition Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 (Fee Required)
For the transition period from _____________________to_____________________
Commission File Number 0-7186
MICHIGAN NATIONAL CORPORATION
(Exact name of registrant as specified in its charter)
Michigan 38-0111135
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
27777 Inkster Road, Farmington Hills, MI 48334
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (810) 473-3000
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Name of each exchange on which registered
None None
Securities registered pursuant to Section 12(g) of the Act:
Common stock, $10 par value
(Title of class)
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. (X) Yes ( ) 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. ( )
At February 28, 1995, the registrant's common stock, $10 par value held by
nonaffiliates, had an aggregate market value of $1,349,741,569 based on the
closing price of $101.875 and 13,248,997 common shares outstanding.
At February 28, 1995, the registrant had outstanding 13,248,997 shares of its
common stock, $10 par value.
DOCUMENTS INCORPORATED BY REFERENCE:
None
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MICHIGAN NATIONAL CORPORATION AND SUBSIDIARIES (UNAUDITED)
SIGNATURES
Pursuant to the requirements 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.
MICHIGAN NATIONAL CORPORATION
(Registrant)
April 25, 1995 Robert V. Panizzi
-----------------------------
Robert V. Panizzi
Senior Vice President and Controller
(Chief Accounting Officer)
<TABLE> <S> <C>
<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED STATEMENTS OF INCOME AND CONSOLIDATED BALANCE SHEETS AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<CASH> 529,658
<INT-BEARING-DEPOSITS> 10,200
<FED-FUNDS-SOLD> 350,350
<TRADING-ASSETS> 10,720
<INVESTMENTS-HELD-FOR-SALE> 241,816
<INVESTMENTS-CARRYING> 1,122,237
<INVESTMENTS-MARKET> 1,094,551
<LOANS> 6,013,767<F1>
<ALLOWANCE> (164,344)
<TOTAL-ASSETS> 8,691,969
<DEPOSITS> 7,291,104
<SHORT-TERM> 319,030
<LIABILITIES-OTHER> 216,903
<LONG-TERM> 69,915
<COMMON> 132,146
0
0
<OTHER-SE> 662,871
<TOTAL-LIABILITIES-AND-EQUITY> 8,691,969
<INTEREST-LOAN> 520,561
<INTEREST-INVEST> 87,242
<INTEREST-OTHER> 33,476
<INTEREST-TOTAL> 641,279
<INTEREST-DEPOSIT> 241,975
<INTEREST-EXPENSE> 250,966
<INTEREST-INCOME-NET> 390,313
<LOAN-LOSSES> 41,000
<SECURITIES-GAINS> (31)<F2>
<EXPENSE-OTHER> 481,703
<INCOME-PRETAX> 123,288
<INCOME-PRE-EXTRAORDINARY> 123,288
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 171,702
<EPS-PRIMARY> 11.03
<EPS-DILUTED> 10.94
<YIELD-ACTUAL> 4.74
<LOANS-NON> 108,666
<LOANS-PAST> 22,466
<LOANS-TROUBLED> 283
<LOANS-PROBLEM> 247,000
<ALLOWANCE-OPEN> 190,992
<CHARGE-OFFS> 73,272
<RECOVERIES> 7,919
<ALLOWANCE-CLOSE> 164,344<F3>
<ALLOWANCE-DOMESTIC> 164,344
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 0
<FN>
<F1>LOANS ARE NET OF UNEARNED INCOME OF $20,024.
<F2>TOTAL NON-INTEREST INCOME = $255,678.
<F3>ALLOWANCE OF $2,295 ASSOCIATED WITH THE LOANS OF SUBSIDIARIES SOLD WAS
ELIMINATED.
</FN>
</TABLE>
