<ARTICLE> 9 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1994 <PERIOD-END> DEC-31-1994 <CASH> 76,160 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 56,632 <INVESTMENTS-CARRYING> 197,710 <INVESTMENTS-MARKET> 189,191 <LOANS> 622,448 <ALLOWANCE> 27,591 <TOTAL-ASSETS> 947,171 <DEPOSITS> 813,682 <SHORT-TERM> 53,385 <LIABILITIES-OTHER> 8,217 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 99,875 <OTHER-SE> (27,388) <TOTAL-LIABILITIES-AND-EQUITY> 947,171 <INTEREST-LOAN> 51,295 <INTEREST-INVEST> 13,004 <INTEREST-OTHER> 285 <INTEREST-TOTAL> 64,584 <INTEREST-DEPOSIT> 17,449 <INTEREST-EXPENSE> 19,109 <INTEREST-INCOME-NET> 45,475 <LOAN-LOSSES> 21,200 <SECURITIES-GAINS> 35 <EXPENSE-OTHER> 48,644 <INCOME-PRETAX> (19,374) <INCOME-PRE-EXTRAORDINARY> (19,374) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (34,735) <EPS-PRIMARY> (20.84) <EPS-DILUTED> (20.84) <YIELD-ACTUAL> 0 <LOANS-NON> 38,103 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 30,798 <CHARGE-OFFS> (25,788) <RECOVERIES> 1,381 <ALLOWANCE-CLOSE> 27,591 <ALLOWANCE-DOMESTIC> 27,591 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0