<ARTICLE> 9 <CIK> 0000353650 <NAME> BWC FINANCIAL CORP <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 9950000 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 6011000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 15151000 <INVESTMENTS-CARRYING> 10862000 <INVESTMENTS-MARKET> 10895000 <LOANS> 102663000 <ALLOWANCE> 1667000 <TOTAL-ASSETS> 146467000 <DEPOSITS> 130273000 <SHORT-TERM> 0 <LIABILITIES-OTHER> 1331000 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 10187000 <OTHER-SE> 4676000 <TOTAL-LIABILITIES-AND-EQUITY> 146467000 <INTEREST-LOAN> 2620000 <INTEREST-INVEST> 414000 <INTEREST-OTHER> 30000 <INTEREST-TOTAL> 3064000 <INTEREST-DEPOSIT> 886000 <INTEREST-EXPENSE> 892000 <INTEREST-INCOME-NET> 2172000 <LOAN-LOSSES> 150000 <SECURITIES-GAINS> 45000 <EXPENSE-OTHER> 1713000 <INCOME-PRETAX> 657000 <INCOME-PRE-EXTRAORDINARY> 657000 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 463000 <EPS-PRIMARY> .49 <EPS-DILUTED> .45 <YIELD-ACTUAL> 6.71 <LOANS-NON> 289000 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 1481000 <ALLOWANCE-OPEN> 1529000 <CHARGE-OFFS> 20000 <RECOVERIES> 8000 <ALLOWANCE-CLOSE> 1667000 <ALLOWANCE-DOMESTIC> 1109000 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 558000