INTEREST RATE SENSITIVITY ANALYSIS
                           AS OF MARCH 31, 1995
                               (UNAUDITED)
                           AMOUNTS IN THOUSANDS

                     The following table sets forth the amounts of 
interest-earning assets and interest-bearing outstanding at March 31, 1995
which are anticipated by the Bank, based upon certain assumptions, to price
or mature in each of the future time periods shown.



                                            ONE TO     GREATER
                           DAILY      TOTAL TO    TOTAL TO       FIVE       THAN FIVE
                         FLOATING      90 DAYS    ONE YEAR       YEARS        YEARS        TOTAL
                                                                           
LOANS - FIXED RATE                       3,298      $9,207      $21,722      $16,531      $47,460
      - VARIABLE RAT                    65,899     125,863        7,975            0      133,838
                                                                         
INVESTMENTS                 2,600       12,212      32,981       42,614       19,500       95,095
FEDERAL FUNDS SOLD              0            0           0                                      0
INTEREST RATE SWAP                           0           0       10,000                    10,000
TOTAL EARNING ASSETS        2,600       81,409     168,051       82,311       36,031      286,393


                                                                           
DEPOSITS                                72,540     104,917       26,214       91,313      222,444
REPURCHASE AGREEMENTS                   25,044      25,044                                 25,044
BORROWINGS                              18,000      22,000                                 22,000
INTEREST RATE SWAP                      10,000      10,000                                 10,000
                                                                        
TOTAL SOURCES                   0      125,584     161,961       26,214       91,313      279,488

NET GAP POSITION            2,600     (44,175)       6,090       56,097     (55,282)        6,905
CUMULATIVE GAP             $2,600    ($44,175)      $6,090      $62,187       $6,905       $6,905

RATE SENSITIVE ASSETS /
   RATE SENSITIVE
                                                                         
   LIABILITIES               0.00%       64.82%     103.76%      314.00%       39.46%      102.47%