GREENPOINT FINANCIAL CORP
10-Q/A, 1998-06-11
SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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

                                   FORM 10-Q/A
                                (AMENDMENT NO. 1)

                                 ---------------
(Mark One)

[ X ]       QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended September 30, 1997.

                                       OR

[   ]      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934

                         Commission File Number 0-22516

                           GreenPoint Financial Corp.
             (Exact name of Registrant as Specified in its Charter)

               Delaware                               06-1379001
    (State or other jurisdiction of     (I.R.S. employer identification number)
    incorporation or organization)

  90 Park Avenue, New York, New York                     10016
    (Address of principal executive                   (Zip Code)
               offices)

Registrant's telephone number, including area code:  (212) 834-1710

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 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

As of November 12, 1997 there were 42,311,000 shares of common stock
outstanding.


<PAGE>

                                EXPLANATORY NOTE

This amendment amends the Company's Quarterly Report on Form 10-Q for the period
ended September 30, 1997. The only item amended hereby is Exhibit 27.1 to Item
6.

Item 6 - Exhibits and Reports on Form 8-K

  (a) Exhibits

Exhibit
Number            Exhibit
- ------            -------

27.1              Financial Data Schedule


<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.

                                   GREENPOINT FINANCIAL CORP.

                        By           /s/ Thomas S. Johnson
                                     ---------------------
                                       Thomas S. Johnson

                              Chairman and Chief Executive Officer



                        By           /s/ Jeffrey R. Leeds
                                     ---------------------
                                        Jeffrey R. Leeds

                               Executive Vice President, Finance

Dated June 9, 1998



<TABLE> <S> <C>


<ARTICLE>                                            9
<LEGEND>
EXHIBIT 27.1
FINANCIAL DATA SCHEDULE
</LEGEND>
<CIK>                         0000911935
<NAME>                        GreenPoint Financial Corp.
<MULTIPLIER>                  1,000
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>               DEC-31-1997
<PERIOD-END>                    SEP-30-1997
<CASH>                                           85,807
<INT-BEARING-DEPOSITS>                            1,745
<FED-FUNDS-SOLD>                                871,355
<TRADING-ASSETS>                                      0
<INVESTMENTS-HELD-FOR-SALE>                   2,440,011
<INVESTMENTS-CARRYING>                            4,035
<INVESTMENTS-MARKET>                              4,073
<LOANS>                                       8,603,104
<ALLOWANCE>                                    (108,000)
<TOTAL-ASSETS>                               13,093,985
<DEPOSITS>                                   11,035,921
<SHORT-TERM>                                     91,491
<LIABILITIES-OTHER>                             294,618
<LONG-TERM>                                     399,541
                                 0
                                           0
<COMMON>                                          1,103
<OTHER-SE>                                    1,267,673
<TOTAL-LIABILITIES-AND-EQUITY>               13,093,985
<INTEREST-LOAN>                                 535,485
<INTEREST-INVEST>                               187,268
<INTEREST-OTHER>                                  4,867
<INTEREST-TOTAL>                                727,620
<INTEREST-DEPOSIT>                              353,206
<INTEREST-EXPENSE>                              369,222
<INTEREST-INCOME-NET>                           358,398
<LOAN-LOSSES>                                   (14,837)
<SECURITIES-GAINS>                                1,222
<EXPENSE-OTHER>                                 203,541
<INCOME-PRETAX>                                 183,085
<INCOME-PRE-EXTRAORDINARY>                      110,893
<EXTRAORDINARY>                                       0
<CHANGES>                                             0
<NET-INCOME>                                    110,893
<EPS-PRIMARY>                                      1.44
<EPS-DILUTED>                                      1.37
<YIELD-ACTUAL>                                     3.94
<LOANS-NON>                                     351,409
<LOANS-PAST>                                          0
<LOANS-TROUBLED>                                      0
<LOANS-PROBLEM>                                       0
<ALLOWANCE-OPEN>                               (105,000)
<CHARGE-OFFS>                                   (12,406)
<RECOVERIES>                                        569
<ALLOWANCE-CLOSE>                              (108,000)
<ALLOWANCE-DOMESTIC>                           (108,000)
<ALLOWANCE-FOREIGN>                                   0
<ALLOWANCE-UNALLOCATED>                               0
        




</TABLE>


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