<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1996
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 0-21212
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SECURITY FIRST CORP.
(Exact name of registrant as specified in its charter)
Delaware 34-1724675
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(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
1413 Golden Gate Boulevard
Mayfield Heights, Ohio 44124-1800
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(Address of principal executive (Zip Code)
offices)
(216) 449-3700
--------------
(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
-
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
<TABLE>
<S> <C>
Common stock,$0.01 par value 4,929,612
- ---------------------------- ---------
(Class) (Outstanding at August 7, 1996)
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CONSOLIDATED
STATEMENT OF FINANCIAL CONDITION AT 6-30-96 CONSOLIDATED STATEMENT OF INCOME FOR
THE THREE MONTHS ENDED 6/30/96 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> MAR-31-1996
<PERIOD-START> APR-01-1996
<PERIOD-END> JUN-30-1996
<CASH> 6,659
<INT-BEARING-DEPOSITS> 2,595
<FED-FUNDS-SOLD> 14,284
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 27,824
<INVESTMENTS-CARRYING> 7,000
<INVESTMENTS-MARKET> 6,987
<LOANS> 508,028
<ALLOWANCE> 4,661
<TOTAL-ASSETS> 588,592
<DEPOSITS> 416,314
<SHORT-TERM> 89,500
<LIABILITIES-OTHER> 5,804
<LONG-TERM> 21,242
<COMMON> 49
0
0
<OTHER-SE> 55,683
<TOTAL-LIABILITIES-AND-EQUITY> 588,592
<INTEREST-LOAN> 10,865
<INTEREST-INVEST> 687
<INTEREST-OTHER> 62
<INTEREST-TOTAL> 11,614
<INTEREST-DEPOSIT> 4,565
<INTEREST-EXPENSE> 5,822
<INTEREST-INCOME-NET> 5,792
<LOAN-LOSSES> 96
<SECURITIES-GAINS> 0
<EXPENSE-OTHER> 3,161
<INCOME-PRETAX> 2,969
<INCOME-PRE-EXTRAORDINARY> 2,969
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,934
<EPS-PRIMARY> .39
<EPS-DILUTED> .35
<YIELD-ACTUAL> 4.32
<LOANS-NON> 1,318
<LOANS-PAST> 342
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 4,572
<CHARGE-OFFS> 16
<RECOVERIES> 9
<ALLOWANCE-CLOSE> 4,661
<ALLOWANCE-DOMESTIC> 3,387
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 1,274
</TABLE>
