WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <ARTICLE> 9 <MULTIPLIER> 1,000 <PERIOD-TYPE> SIX MONTHS <PERIOD-END> JUNE 30, 1996 <CASH> 2,089 <INT-BEARING DEPOSITS> <FED-FUNDS-SOLD> 5,881 <TRADING-ASSETS> <INVESTMENTS-HELD-FOR-SALE> 5,552 <INVESTMENTS-CARRYING> <INVESTMENTS-MARKET> <LOANS> 54,866 <ALLOWANCE> 2,209 <TOTAL-ASSETS> 76,379 <DEPOSITS> 72,298 <SHORT-TERM> 548 <LIABILITIES-OTHER> 1,607 <LONG-TERM> 1,310 <COMMON> 19 <PREFERRED-MANDATORY> <PREFERRED> 12,620 <OTHER-SE> (12,004) <TOTAL-LIABILITIES-AND-EQUITY> 76,379 <INTEREST-LOAN> 2,488 <INTEREST-INVEST> 178 <INTEREST-OTHER> 172 <INTEREST-TOTAL> 2,798 <INTEREST-DEPOSIT> 1,567 <INTEREST-EXPENSE> 1,697 <INTEREST-INCOME-NET> 1,001 <LOAN-LOSSES> 100 <SECURITIES-GAINS> 10 <EXPENSE-OTHER> 2,037 <INCOME-PRETAX> (106) <INCOME-PRE-EXTRAORDINARY> <EXTRAORDINARY> <CHANGES> <NET-INCOME> (106) <EPS-PRIMARY> (.42) <EPS-DILUTED> <YIELD-ACTUAL> 3.29 <LOANS-NON> 4,744 <LOANS-PAST> 5,219 <LOANS-TROUBLED> <LOANS-PROBLEM> <ALLOWANCE-OPEN> 2,070 <CHARGE-OFFS> 365 <RECOVERIES> 404 <ALLOWANCE-CLOSE> 2,209 <ALLOWANCE-DOMESTIC> 2,209 <ALLOWANCE-FOREIGN> <ALLOWANCE-UNALLOCATED>