SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
Amendment Number 1
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period Ended March 31, 1996
CTL Credit, Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction
of incorporation)
1-470
(Commission File Number)
77-0316097
(IRS Employer ID No.)
319 E. Carrillo St., Santa Barbara, CA
(Address of principal executive office)
93101
(Zip Code)
(805) 963-8743
(Registrant's telephone number, including area code)
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 last 90 days.
Yes X No
As of April 29, 1996, there were 3,457,500 shares of the registrant's
common stock outstanding.
The purpose of this amendment filing is to update Item 6 of Part II
of the previously filed 10-Q to include the Financial Data Schedule
as Exhibit EX-27. The full text of Item 6, plus the new Exhibit Index
and new exhibit EX-27, are set forth below.
PART II. OTHER INFORMATION
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) EXHIBTS. The exhibit listed in the Exhibit Index is filed herewith in
accordance with the requirements of Item 601(c) of Regulation S-K.
(b) REPORTS ON FORM 8-K. On February 8, 1996, the Company filed a Current
Report on Form 8-K. In this filing, the Company reported, under Item 5
("Other Events"), the Agreement and Plan of Merger with Bay View Capital
Corporation (see "Management's Discussion and Analysis of Financial
Condition and Results of Operations -- Results of Operations -- General"
in Part I, above). A copy of the Agreement and Plan of Merger was
attached as an exhibit to the 8-K filing.
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.
CTL CREDIT, INC.
Robert O. Heavner
_________________
Date: May 14, 1996 Robert O. Heavner
Executive Vice President
Finance and Administration
(Chief Financial Officer)
(Also duly Authorized to Execute
on behalf of Registrant)
EXHIBIT INDEX
EX-27 Financial Data Schedule
<TABLE> <S> <C>
<ARTICLE> 9
<LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
CONSOLIDATED BALANCE SHEETS (UNAUDITED) FOR MARCH 31, 1996 AND THE
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) FOR THE THREE MONTHS
ENDED MARCH 31, 1996.
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> MAR-31-1996
<CASH> 662
<INT-BEARING-DEPOSITS> 0
<FED-FUNDS-SOLD> 0
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 0
<INVESTMENTS-CARRYING> 21,428
<INVESTMENTS-MARKET> 21,412
<LOANS> 481,856
<ALLOWANCE> 8,421
<TOTAL-ASSETS> 507,981
<DEPOSITS> 449,517
<SHORT-TERM> 5,940
<LIABILITIES-OTHER> 4,034
<LONG-TERM> 0
0
0
<COMMON> 35
<OTHER-SE> 48,455
<TOTAL-LIABILITIES-AND-EQUITY> 507,981
<INTEREST-LOAN> 13,558
<INTEREST-INVEST> 291
<INTEREST-OTHER> 0
<INTEREST-TOTAL> 13,849
<INTEREST-DEPOSIT> 5,696
<INTEREST-EXPENSE> 5,789
<INTEREST-INCOME-NET> 8,060
<LOAN-LOSSES> 1,477
<SECURITIES-GAINS> 0
<EXPENSE-OTHER> 5,181
<INCOME-PRETAX> 2,037
<INCOME-PRE-EXTRAORDINARY> 1,190
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,190
<EPS-PRIMARY> .34
<EPS-DILUTED> .34
<YIELD-ACTUAL> 11.78
<LOANS-NON> 2,696
<LOANS-PAST> 0
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 8,371
<CHARGE-OFFS> 1,698
<RECOVERIES> 271
<ALLOWANCE-CLOSE> 8,421
<ALLOWANCE-DOMESTIC> 8,421
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 0
</TABLE>
