WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE. <ARTICLE> 9 <MULTIPLIER> 1,000 <PERIOD-TYPE> THREE MONTHS <PERIOD-END> SEPTEMBER 30, 1996 <CASH> 2,205 <INT-BEARING DEPOSITS> <FED-FUNDS- SOLD> 5,677 <TRADING-ASSETS> <INVESTMENTS-HELD-FOR SALE> 7,035 <INVESTMENTS-CARRYING> <INVESTMENTS-MARKET> <LOANS> 57,187 <ALLOWANCE> 2,298 <TOTAL-ASSETS> 82,123 <DEPOSITS> 76,461 <SHORT-TERM> 548 <LIABILITIES-OTHER> 1,311 <LONG-TERM> 1,310 <COMMON> 19 <PREFERRED-MANDATORY> <PREFERRED> 15,240 <OTHER-SE> (12,766) <TOTAL-LIABILITIES-AND-EQUITY> 82,123 <INTEREST-LOAN> 3,755 <INTEREST-INVEST> 263 <INTEREST-OTHER> 260 <INTEREST-TOTAL> 4,278 <INTEREST-DEPOSIT> 2,350 <INTEREST EXPENSE> 2,546 <INTEREST-INCOME-NET> 1,732 <LOAN-LOSSES> 240 <SECURITIES- GAINS> 10 <EXPENSE-OTHER> 3,199 <INCOME-PRETAX> (470) <INCOME-PRE-EXTRAORDINARY> <EXTRAORDINARY> <CHANGES> <NET-INCOME> (470) <EPS-PRIMARY> (.80) <EPS-DILUTED> <YIELD-ACTUAL> 3.43% <LOANS-NON> 4,448 <LOANS-PAST> 4,981 <LOANS-TROUBLED> <LOANS-PROBLEM> <ALLOWANCE-OPEN> 2,070 <CHARGE-OFFS> 464 <RECOVERIES> 452 <ALLOWANCE-CLOSE> 2,298 <ALLOWANCE-DOMESTIC> 2,298 <ALLOWANCE-FOREIGN> <ALLOWANCE- UNALLOCATED>