<ARTICLE> 9
<LEGEND>
This schedule contains summary financial information extracted from the
Registrant's 1996 Annual Report to Stockholders.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               DEC-31-1996
<CASH>                                           1,824
<INT-BEARING-DEPOSITS>                           1,727
<FED-FUNDS-SOLD>                                 2,644
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                          9
<INVESTMENTS-CARRYING>                           7,908
<INVESTMENTS-MARKET>                             7,759
<LOANS>                                        148,115
<ALLOWANCE>                                      2,556
<TOTAL-ASSETS>                                 174,267
<DEPOSITS>                                     131,033
<SHORT-TERM>                                    16,221
<LIABILITIES-OTHER>                              1,947
<LONG-TERM>                                      9,960
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                     15,000
<COMMON>                                            11
<OTHER-SE>                                          95
<TOTAL-LIABILITIES-AND-EQUITY>                 174,267
<INTEREST-LOAN>                                 17,882
<INTEREST-INVEST>                                1,113
<INTEREST-OTHER>                                   877
<INTEREST-TOTAL>                                19,872
<INTEREST-DEPOSIT>                              11,945
<INTEREST-EXPENSE>                              13,764
<INTEREST-INCOME-NET>                            6,108
<LOAN-LOSSES>                                    1,411
<SECURITIES-GAINS>                                 153
<EXPENSE-OTHER>                                 16,356
<INCOME-PRETAX>                                (7,377)
<INCOME-PRE-EXTRAORDINARY>                     (7,377)
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (7,377)
<EPS-PRIMARY>                                   (1.72)
<EPS-DILUTED>                                   (1.72)
<YIELD-ACTUAL>                                    2.41
<LOANS-NON>                                      2,908
<LOANS-PAST>                                        30
<LOANS-TROUBLED>                                   223
<LOANS-PROBLEM>                                   2304
<ALLOWANCE-OPEN>                                 5,251
<CHARGE-OFFS>                                    4,132
<RECOVERIES>                                        26
<ALLOWANCE-CLOSE>                                2,556
<ALLOWANCE-DOMESTIC>                             2,440
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                            116