Form 10Q/A
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
[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 for the transition period from
______ to _______
Commission File Number 0-14120
Advanta Corp.
(Exact name of registrant as specified in its charter)
Delaware 23-1462070
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
Welsh and McKean Roads, P.O. Box 844, Spring House, PA 19477
(Address of Principal Executive Offices) (Zip Code)
(215) 657-4000
(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 past 90
days.
Yes X No
* Applicable only to issuers involved in bankruptcy proceedings
during the preceding five years:
Indicate by check mark whether the registrant has filed all documents
and reports required to be filed by Sections 12, 13 or 15(d) of the
Securities Exchange Act of 1934 subsequent to the distribution of
securities under a plan confirmed by a court.
Yes No
* Applicable only to corporate issuers:
Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practicable date.
Class A Outstanding at November 1, 1997
Common Stock, $.01 par value 18,193,512 shares
Class B Outstanding at November 1, 1997
Common Stock, $.01 par value 26,131,211 shares
9) Selected Balance Sheet Information
Other Assets
September 30, December 31,
1997 1996
Retained interest only strip -
personal finance loans $198,976 $149,418
Prepaid assets 158,215 117,934
Accrued interest receivable 88,220 101,021
Investment in affordable housing 66,493 48,059
Servicing advances-mortgage 65,576 34,503
Deferred costs 48,142 42,252
Investments in operating leases 13,702 17,276
Due from trustees - business
loans and leases 6,265 5,326
Retained interest only strip -
business loans and leases 2,884 14,205
Current and deferred federal
income taxes 0 28,169
Goodwill 5,224 5,795
Other real estate owned 486 2,513
Other 70,613 59,812
Total other assets $724,796 $626,283
Other Liabilities
September 30, December 31,
1997 1996
Accounts payable and accrued
expenses $ 56,800 $ 59,432
Accrued interest payable 94,902 55,320
Deferred fees and other reserves 22,733 86,877
Current and deferred income taxes 48,453 10,300
Other 39,925 97,852
Total other liabilities $262,813 $309,781
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 thereto duly authorized.
Advanta Corp.
(Registrant)
November 14, 1997 By /s/Elizabeth H. Mai
Senior Vice President and
General Counsel
November 14, 1997 By /s/John J. Calamari
Vice President, Finance and
Principal Accounting Officer
