<ARTICLE> 9 <MULTIPLIER> 1000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 2,057 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 6,328 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 6,429 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 59,343 <ALLOWANCE> 1,602 <TOTAL-ASSETS> 82,029 <DEPOSITS> 76,296 <SHORT-TERM> 1,638 <LIABILITIES-OTHER> 1,413 <LONG-TERM> 220 <PREFERRED-MANDATORY> 0 <PREFERRED> 16,380 <COMMON> 19 <OTHER-SE> (13,937) <TOTAL-LIABILITIES-AND-EQUITY> 82,029 <INTEREST-LOAN> 5,178 <INTEREST-INVEST> 332 <INTEREST-OTHER> 329 <INTEREST-TOTAL> 5,839 <INTEREST-DEPOSIT> 3,153 <INTEREST-EXPENSE> 275 <INTEREST-INCOME-NET> 2,411 <LOAN-LOSSES> 565 <SECURITIES-GAINS> 10 <EXPENSE-OTHER> 4,574 <INCOME-PRETAX> (1,188) <INCOME-PRE-EXTRAORDINARY> (1,188) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,188) <EPS-PRIMARY> (1.40) <EPS-DILUTED> 0 <YIELD-ACTUAL> 3.65 <LOANS-NON> 2,825 <LOANS-PAST> 1,038 <LOANS-TROUBLED> 4,676 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 2,070 <CHARGE-OFFS> 1,508 <RECOVERIES> 475 <ALLOWANCE-CLOSE> 1,602 <ALLOWANCE-DOMESTIC> 1,602 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0