<ARTICLE> 9
       
                                     
<PERIOD-TYPE>                                  YEAR
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<CASH>                                         3435866
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                               2640000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    7186984
<INVESTMENTS-CARRYING>                         9493656
<INVESTMENTS-MARKET>                           9393000
<LOANS>                                       34775066
<ALLOWANCE>                                     502145
<TOTAL-ASSETS>                                60687141
<DEPOSITS>                                    51497625
<SHORT-TERM>                                         0
<LIABILITIES-OTHER>                             433014
<LONG-TERM>                                    3577508
<COMMON>                                             0
<PREFERRED-MANDATORY>                          3604630
<PREFERRED>                                    1067088
<OTHER-SE>                                      507276
<TOTAL-LIABILITIES-AND-EQUITY>                60687141
<INTEREST-LOAN>                                3285524
<INTEREST-INVEST>                               739888
<INTEREST-OTHER>                                 84242
<INTEREST-TOTAL>                               4109654
<INTEREST-DEPOSIT>                             1377954
<INTEREST-EXPENSE>                             1646927
<INTEREST-INCOME-NET>                          2462727
<LOAN-LOSSES>                                 (180000)
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                2213202
<INCOME-PRETAX>                                 793616
<INCOME-PRE-EXTRAORDINARY>                      508116
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    508116
<EPS-PRIMARY>                                      .28
<EPS-DILUTED>                                      .28
<YIELD-ACTUAL>                                     4.8
<LOANS-NON>                                      30000
<LOANS-PAST>                                    168000
<LOANS-TROUBLED>                                 46000
<LOANS-PROBLEM>                                 282000
<ALLOWANCE-OPEN>                                621000
<CHARGE-OFFS>                                    35000
<RECOVERIES>                                     96000
<ALLOWANCE-CLOSE>                               502000
<ALLOWANCE-DOMESTIC>                            502000
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0