<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 9,849 <INT-BEARING-DEPOSITS> 711,191 <FED-FUNDS-SOLD> 6,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 94,753 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 613,872 <ALLOWANCE> 15,353 <TOTAL-ASSETS> 773,090 <DEPOSITS> 714,865 <SHORT-TERM> 12,073 <LIABILITIES-OTHER> 5,300 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 11,592 <COMMON> 26 <OTHER-SE> 29,234 <TOTAL-LIABILITIES-AND-EQUITY> 773,090 <INTEREST-LOAN> 13,782 <INTEREST-INVEST> 1,013 <INTEREST-OTHER> 6 <INTEREST-TOTAL> 14,801 <INTEREST-DEPOSIT> 8,938 <INTEREST-EXPENSE> 9,409 <INTEREST-INCOME-NET> 5,392 <LOAN-LOSSES> 1,200 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 5,111 <INCOME-PRETAX> 308 <INCOME-PRE-EXTRAORDINARY> 308 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,561 <EPS-PRIMARY> .41 <EPS-DILUTED> .41 <YIELD-ACTUAL> 8.05 <LOANS-NON> 27,627 <LOANS-PAST> 0 <LOANS-TROUBLED> 34,440 <LOANS-PROBLEM> 47,170 <ALLOWANCE-OPEN> 15,192 <CHARGE-OFFS> 1,439 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 15,353 <ALLOWANCE-DOMESTIC> 15,353 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0