<ARTICLE> 9 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE COMPANY'S CONSOLIDATED FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> DEC-31-1994 <EXCHANGE-RATE> 1 <CASH> 5,177 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 3,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 0 <INVESTMENTS-CARRYING> 14,821 <INVESTMENTS-MARKET> 15,781 <LOANS> 0 <ALLOWANCE> 0 <TOTAL-ASSETS> 80,507 <DEPOSITS> 74,471 <SHORT-TERM> 0 <LIABILITIES-OTHER> 2,219 <LONG-TERM> 0 <COMMON> 11,078 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (7,261) <TOTAL-LIABILITIES-AND-EQUITY> 80,507 <INTEREST-LOAN> 4,087 <INTEREST-INVEST> 1,707 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 5,794 <INTEREST-DEPOSIT> 1,502 <INTEREST-EXPENSE> 1,758 <INTEREST-INCOME-NET> 4,036 <LOAN-LOSSES> 0 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 6,171 <INCOME-PRETAX> (1,210) <INCOME-PRE-EXTRAORDINARY> (1,212) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,212) <EPS-PRIMARY> (0.97) <EPS-DILUTED> (0.97) <YIELD-ACTUAL> 7.20 <LOANS-NON> 838 <LOANS-PAST> 6 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 2,478 <CHARGE-OFFS> 1,301 <RECOVERIES> 456 <ALLOWANCE-CLOSE> 1,633 <ALLOWANCE-DOMESTIC> 1,633 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0