<ARTICLE> 9 <MULTIPLIER> 1000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> DEC-31-1994 <CASH> 6,973 <INT-BEARING-DEPOSITS> 155 <FED-FUNDS-SOLD> 12,500 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 0 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 69,363 <ALLOWANCE> 4,307 <TOTAL-ASSETS> 103,747 <DEPOSITS> 69,501 <SHORT-TERM> 0 <LIABILITIES-OTHER> 7,323 <LONG-TERM> 16,498 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 10,425 <TOTAL-LIABILITIES-AND-EQUITY> 103,747 <INTEREST-LOAN> 11,003 <INTEREST-INVEST> 401 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 11,404 <INTEREST-DEPOSIT> 2,945 <INTEREST-EXPENSE> 4,927 <INTEREST-INCOME-NET> 6,477 <LOAN-LOSSES> 6,096 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 15,896 <INCOME-PRETAX> (9,513) <INCOME-PRE-EXTRAORDINARY> (9,513) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (9,514) <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <YIELD-ACTUAL> 6.82 <LOANS-NON> 3,408 <LOANS-PAST> 3,474 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 3,123 <CHARGE-OFFS> 4,912 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 4,307 <ALLOWANCE-DOMESTIC> 4,307 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0