UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amendment No.: 1
Name of Issuer: ITLA Capital Corp.
Title of Class of Securities: Common Stock
CUSIP Number: 450565106
(Date of Event Which Requires Filing of this Statement)
December 31, 2002
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/X/ Rule 13d-1(b)
/X/ Rule 13d-1(c)
/ / Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP Number: 450565106
1. Name of Reporting Person I.R.S. Identification No. of Above Person
Mark E. Brady
2. Check the Appropriate Box if a Member of a Group
a.
b. X
3. SEC Use Only
4. Citizenship or Place of Organization
United States
Number of Shares Beneficially Owned by Each Reporting Person With:
5. Sole Voting Power:
6. Shared Voting Power:
441,299
7. Sole Dispositive Power:
8. Shared Dispositive Power:
441,299
9. Aggregate Amount Beneficially Owned by Each Reporting Person
441,299
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
11. Percent of Class Represented by Amount in Row (9)
7.64%
12. Type of Reporting Person
IN
CUSIP Number: 450565106
1. Name of Reporting Person I.R.S. Identification No. of Above Person
Robert J. Suttman, II
2. Check the Appropriate Box if a Member of a Group
a.
b. X
3. SEC Use Only
4. Citizenship or Place of Organization
United States
Number of Shares Beneficially Owned by Each Reporting Person With:
5. Sole Voting Power:
6. Shared Voting Power:
441,299
7. Sole Dispositive Power:
8. Shared Dispositive Power:
441,299
9. Aggregate Amount Beneficially Owned by Each Reporting Person
441,299
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
11. Percent of Class Represented by Amount in Row (9)
7.64%
12. Type of Reporting Person
IN
CUSIP Number: 450565106
1. Name of Reporting Person I.R.S. Identification No. of Above Person
Ronald L. Eubel
2. Check the Appropriate Box if a Member of a Group
a.
b. X
3. SEC Use Only
4. Citizenship or Place of Organization
United States
Number of Shares Beneficially Owned by Each Reporting Person With:
5. Sole Voting Power:
6. Shared Voting Power:
441,299
7. Sole Dispositive Power:
8. Shared Dispositive Power:
441,299
9. Aggregate Amount Beneficially Owned by Each Reporting Person
441,299
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
11. Percent of Class Represented by Amount in Row (9)
7.64%
12. Type of Reporting Person
IN
CUSIP Number: 450565106
1. Name of Reporting Person I.R.S. Identification No. of Above Person
Bernie Holtgreive
2. Check the Appropriate Box if a Member of a Group
a.
b. X
3. SEC Use Only
4. Citizenship or Place of Organization
United States
Number of Shares Beneficially Owned by Each Reporting Person With:
5. Sole Voting Power:
6. Shared Voting Power:
441,299
7. Sole Dispositive Power:
8. Shared Dispositive Power:
441,299
9. Aggregate Amount Beneficially Owned by Each Reporting Person
441,299
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
11. Percent of Class Represented by Amount in Row (9)
7.64%
12. Type of Reporting Person
IN
CUSIP Number: 450565106
1. Name of Reporting Person I.R.S. Identification No. of Above Person
William Hazel
2. Check the Appropriate Box if a Member of a Group
a.
b. X
3. SEC Use Only
4. Citizenship or Place of Organization
United States
Number of Shares Beneficially Owned by Each Reporting Person With:
5. Sole Voting Power:
6. Shared Voting Power:
441,299
7. Sole Dispositive Power:
8. Shared Dispositive Power:
441,299
9. Aggregate Amount Beneficially Owned by Each Reporting Person
441,299
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
11. Percent of Class Represented by Amount in Row (9)
7.64%
12. Type of Reporting Person
IN
CUSIP Number: 450565106
1. Name of Reporting Person I.R.S. Identification No. of Above Person
Eubel Brady & Suttman Asset Management, Inc.
2. Check the Appropriate Box if a Member of a Group
a.
b. X
3. SEC Use Only
4. Citizenship or Place of Organization
Delaware
Number of Shares Beneficially Owned by Each Reporting Person With:
5. Sole Voting Power:
6. Shared Voting Power:
441,299
7. Sole Dispositive Power:
8. Shared Dispositive Power:
441,299
9. Aggregate Amount Beneficially Owned by Each Reporting Person
441,299
10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares
11. Percent of Class Represented by Amount in Row (9)
7.64%
12. Type of Reporting Person
CO, IA
Item 1(a) Name of Issuer: ITLA Capital Corp.
(b) Address of Issuer's Principal Executive Offices:
888 Prospect Street
Suite 110
La Jolla, California 92037
Item 2(a) - (c). Name, Principal Business Address, and Citizenship of Persons
Filing:
Mark E. Brady
Robert J. Suttman
Ron Eubel
William Hazel
Bernie Holtgreive
Eubel Brady & Suttman Asset Management, Inc.
7777 Washington Village Drive
Ste. 210 Dayton, Ohio 45459
Mark E. Brady, Robert J. Suttman, Ronald L. Eubel, William Hazel and
Bernie Holtgreive - United States citizens
Eubel Brady & Suttman Asset Management, Inc. - Delaware corporation
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 450565106
Item 3. If this statement is filed pursuant to Rule 13d-1(b)(1) or 13d-2(b) or
(c) check whether the person filing is:
(a) /_/ Broker or dealer registered under Section 15 of the Act,
(b) /_/ Bank as defined in Section 3(a)(6) of the Act,
(c) /_/ Insurance Company as defined in Section 3(a)(19) of the Act,
(d) /_/ Investment Company registered under Section 8 of the Investment
Company Act,
(e) /X/ Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940,
(f) /_/ Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or Endowment Fund,
(g) /_/ Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G),
(h) /_/ Savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act,
(i) /_/ Church plan excluded from the definition of an investment company
under Section 3(c)(14) of the Investment Company Act,
(j) /_/ Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
If this statement is filed pursuant to Rule 13d-1(c), check this box. /X/
Item 4. Ownership.
(a) Amount Beneficially Owned: Mark E. Brady, Robert J. Suttman, Ron
L. Eubel, Bernie Holtgreive, William E. Hazel and Eubel Brady &
Suttman Asset Management, Inc. - 441,299 shares;
(b) Percent of Class: Mark E. Brady, Robert J. Suttman, Ron L. Eubel,
Bernie Holtgreive, William E. Hazel and Eubel Brady & Suttman
Asset Management, Inc. - 7.64%;
(c) Mark E. Brady, Robert J. Suttman, Ron L. Eubel, Bernie
Holtgreive, William E. Hazel and Eubel Brady & Suttman Asset
Management Inc. - 441,299 shares with shared power to vote or to
direct the vote; 0 shares with sole power to vote or to direct
the vote; 441,299 shares with shared power to dispose or to
direct the disposition of; 0 shares with the sole power to
dispose or to direct the disposition of
Item 5. Ownership of Five Percent or Less of a Class.
N/A
Item 6. Ownership of More than Five Percent on Behalf of Another Person. N/A
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported by the Parent Holding Company.
N/A
Item 8. Identification and Classification of Members of the Group.
N/A
Item 9. Notice of Dissolution of the Group.
N/A
Item 10.
With respect to Mark E. Brady, Robert J. Suttman, Ronald L. Eubel, William Hazel
and Bernie Holtgreive:
Certification for Rule 13d-1(c): By signing below I certify that, to the
best of my knowledge and belief, the securities referred to above were not
acquired and are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction
having that purpose or effect.
With respect to EBS Asset Management, Inc.:
Certification for Rule 13d-1(b): By signing below I certify that, to the
best of my knowledge and belief, the securities referred to above were acquired
and are held in the ordinary course of business and were not acquired and are
not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose or
effect.
With respect to all Reporting Persons:
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true,
complete and correct.
/s/ Ronald L. Eubel
-------------------------
Ronald L. Eubel
/s/ Mark E. Brady
-------------------------
Mark E. Brady
/s/ Robert J. Suttman, II
-------------------------
Robert J. Suttman, II
/s/ William Hazel
-------------------------
William Hazel
/s/ Bernie Holtgreive
-------------------------
Bernie Holtgreive
EUBEL BRADY & SUTTMAN
ASSET MANAGEMENT, INC.
By:/s/ Ronald L. Eubel
----------------------
By: Ronald L. Eubel
Chief Executive Officer
February 13, 2003
-------------------------
Date
AGREEMENT
The undersigned agree that this Schedule 13G dated February 13, 2003
relating to the Common Stock of ITLA Capital Corp. shall be filed on behalf of
the undersigned.
/s/ Ronald L. Eubel
--------------------------
Ronald L. Eubel
/s/ Mark E. Brady
--------------------------
Mark E. Brady
/s/ Robert J. Suttman, II
--------------------------
Robert J. Suttman, II
/s/ William Hazel
--------------------------
William Hazel
/s/ Bernie Holtgreive
--------------------------
Bernie Holtgreive
EUBEL BRADY & SUTTMAN ASSET
MANAGEMENT, INC.
By: /s/ Ronald L. Eubel
--------------------------
By: Ronald L. Eubel
Chief Executive Officer
00843.0001 #384568