<ARTICLE> 9 <PERIOD-TYPE> year <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> DEC-31-1994 <CASH> 983,440 <INT-BEARING-DEPOSITS> 125 <FED-FUNDS-SOLD> 165,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 3,851,598 <INVESTMENTS-CARRYING> 6,335,104 <INVESTMENTS-MARKET> 6,211,731 <LOANS> 28,378,368 <ALLOWANCE> 438,051 <TOTAL-ASSETS> 42,218,257 <DEPOSITS> 28,700,947 <SHORT-TERM> 7,324,496 <LIABILITIES-OTHER> 912,864 <LONG-TERM> 2,796,164 <COMMON> 134,316 <PREFERRED-MANDATORY> 0 <PREFERRED> 294,375 <OTHER-SE> 2,055,095 <TOTAL-LIABILITIES-AND-EQUITY> 42,218,257 <INTEREST-LOAN> 2,321,269 <INTEREST-INVEST> 304,886 <INTEREST-OTHER> 32,948 <INTEREST-TOTAL> 2,659,103 <INTEREST-DEPOSIT> 950,299 <INTEREST-EXPENSE> 1,307,448 <INTEREST-INCOME-NET> 1,351,655 <LOAN-LOSSES> 207,200 <SECURITIES-GAINS> 3,578 <EXPENSE-OTHER> 1,076,433 <INCOME-PRETAX> 406,534 <INCOME-PRE-EXTRAORDINARY> 251,234 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 251,234 <EPS-PRIMARY> 1.69 <EPS-DILUTED> 1.69 <YIELD-ACTUAL> 3.08 <LOANS-NON> 565,152 <LOANS-PAST> 0 <LOANS-TROUBLED> 124,711 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 502,269 <CHARGE-OFFS> 292,074 <RECOVERIES> 20,656 <ALLOWANCE-CLOSE> 438,051 <ALLOWANCE-DOMESTIC> 438,051 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0