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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                 FORM 10-K / A

                                Amendment No. 2
(Mark One)
[X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

     For the fiscal year ended December 31, 2000

                                       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: 0-19861

                        IMPERIAL CREDIT INDUSTRIES, INC.
            (Exact name of registrant as specified in its charter)

                 California                       95-405479
      (State or other jurisdiction             (I.R.S. Employer
    of incorporation or organization)       Identification Number)

 23550 Hawthorne Boulevard, Building 1, Suite 110, Torrance, California 90505
              (Address of principal executive offices) (Zip Code)

                                (310) 373-1704
             (Registrant's telephone number, including area code)

       Securities registered pursuant to Section 12(b) of the Act: None

          Securities registered pursuant to Section 12(g) of the Act:

          Title of each class      Name of each exchange on which registered
      Common Stock, no par value        NASDAQ National Market System

    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 [_]

    The aggregate market value of the voting stock held by nonaffiliates of the
registrant based upon the closing sales price of its Common Stock on March 30,
2001 on the NASDAQ National Market was approximately $30,090,338.

    Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of the Form 10-K or any amendment to this
Form 10-K. [_]

    The number of shares of Common Stock outstanding as of March 30, 2001:
32,096,361

              DOCUMENTS INCORPORATED BY REFERENCE (not applicable)



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                                Explanatory Note

    This Amendment No.2 on Form 10-K/A is being filed solely to amend the Annual
Report on Form 10-K/A, filed on June 11, 2001 on behalf of Imperial Credit
Industries, Inc. (the "Original Form 10-K/A"), by adding the following
inadvertently omitted signature page. The signature page of the Original Form
10-K/A is replaced in its entirety to read as follows:


                                   "SIGNATURE

    Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this Amendment on Form
10-K/A to be signed on its behalf by the undersigned, thereunto duly authorized.

                                              Imperial Credit Industries, Inc.


                                              By:/s/   H. Wayne Snavely
                                              ----------------------------------
                                                       H. Wayne Snavely
                                                Chairman of the Board, President
                                                  and Chief Executive Officer

Date: June 11, 2001"

                          ___________________________



                                   SIGNATURE

    Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this Amendment No. 2 on
Form 10-K/A to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                              Imperial Credit Industries, Inc.


                                              By:/s/   H. Wayne Snavely
                                              ----------------------------------
                                                     H. Wayne Snavely
                                               Chairman of the Board, President
                                                  and Chief Executive Officer

Date: June 12, 2001