LOYOLA CAPITAL CORP
10-Q/A, 1995-07-21
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                              ---------------------

                                   FORM 10-Q/A

(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
                                    --------------

                                       OR

/ /  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 0-15169
                                                --------


                           Loyola Capital Corporation
- -------------------------------------------------------------------------------
              Exact Name of Registrant as Specified in its Charter


                Maryland                              #52-14779656
     ------------------------------          ------------------------------
         State of Incorporation            I.R.S. Employer Identification No.


 1300 N. Charles St., Baltimore, Maryland              21201-5705
 ----------------------------------------    ------------------------------
 Address of Principal Executive Offices                 Zip Code


Registrant's telephone number, including area code is (410) 787-3100
                                                      --------------

- -------------------------------------------------------------------------------
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 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 ninety days.

                                  Yes   X   No
                                      ----     ----



On April 28, 1995, 8,107,750 shares of the Registrant's Common Stock, $.10
par value, were outstanding.



<PAGE>


                   LOYOLA CAPITAL CORPORATION AND SUBSIDIARIES

                             10-Q/A Quarterly Report
                           Quarter Ended March 31, 1995





                                      INDEX

                                                                        Page No.
                                                                       ---------

Part II - Other Information


Exhibit 27 - Financial Data Schedule

Signatures








                                        2


<PAGE>

                                     Part II
                                Other Information


Item 6.        Exhibits and Reports on Form 8-K.
               a.  Exhibit 27 - Financial Data Schedule
               b.      (1) The Registrant filed a Current Report on Form 8-K on
                    May 5, 1995 to report that it had entered into a binding
                    letter agreement and related stock option agreement with
                    Crestar Financial Corporation ("Crestar") under which the
                    outstanding Common Stock of the Registrant would be
                    exchanged for .69 shares of Crestar Common Stock (the
                    "Acquisition"). The Acquisition is subject to the execution
                    of a definitive agreement between the two institutions as
                    well as approval by regulators and the Registrant's
                    stockholders.

                      (2) The Registrant filed a Current Report on Form 8-K on
                    May 30, 1995 to report that Loyola had executed an Agreement
                    and Plan of Merger with Crestar. Crestar's acquisition of
                    Loyola is subject to the approval of regulators and Loyola
                    stockholders.






                                        3


<PAGE>

                                   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.



                                        Loyola Capital Corporation

                                        --------------------------------------
                                        (Registrant)


Date  July 21, 1995                     By /s/ James V. McAveney
     ----------------------                -----------------------------------
                                            James V. McAveney
                                            Executive Vice President, Chief
                                            Financial Officer and Treasurer




Date  July 21, 1995                     By /s/ Dennis P. Neville
     ----------------------                -----------------------------------
                                            Dennis P. Neville
                                            Senior Vice President and Controller





                                        4




<TABLE> <S> <C>

<PAGE>
<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM PAGES 3-11
OF FORM 10-Q FOR THE PERIOD ENDED MARCH 31, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               MAR-31-1995
<CASH>                                          19,959
<INT-BEARING-DEPOSITS>                          34,423
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                          0
<INVESTMENTS-CARRYING>                         287,256
<INVESTMENTS-MARKET>                           271,587
<LOANS>                                      2,056,213
<ALLOWANCE>                                     13,796
<TOTAL-ASSETS>                               2,493,485
<DEPOSITS>                                   1,485,926
<SHORT-TERM>                                   439,131
<LIABILITIES-OTHER>                             66,087
<LONG-TERM>                                    330,062
<COMMON>                                           811
                                0
                                          0
<OTHER-SE>                                     171,468
<TOTAL-LIABILITIES-AND-EQUITY>               2,493,485
<INTEREST-LOAN>                                 39,909
<INTEREST-INVEST>                                5,788
<INTEREST-OTHER>                                     0
<INTEREST-TOTAL>                                45,697
<INTEREST-DEPOSIT>                              16,335
<INTEREST-EXPENSE>                              27,944
<INTEREST-INCOME-NET>                           17,753
<LOAN-LOSSES>                                      201
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                 13,429
<INCOME-PRETAX>                                  6,812
<INCOME-PRE-EXTRAORDINARY>                       6,812
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     4,068
<EPS-PRIMARY>                                      .47
<EPS-DILUTED>                                      .47
<YIELD-ACTUAL>                                    2.93
<LOANS-NON>                                      6,311
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                 1,500
<LOANS-PROBLEM>                                 12,504
<ALLOWANCE-OPEN>                                13,733
<CHARGE-OFFS>                                      672
<RECOVERIES>                                       534
<ALLOWANCE-CLOSE>                               13,796
<ALLOWANCE-DOMESTIC>                            13,796
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
        

</TABLE>


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