<ARTICLE> 9 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 9,324 <INT-BEARING-DEPOSITS> 703,662 <FED-FUNDS-SOLD> 6,700 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 0 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 698,225 <ALLOWANCE> 13,657 <TOTAL-ASSETS> 837,975 <DEPOSITS> 708,113 <SHORT-TERM> 52,615 <LIABILITIES-OTHER> 8,353 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 11,592 <COMMON> 26 <OTHER-SE> 32,666 <TOTAL-LIABILITIES-AND-EQUITY> 837,975 <INTEREST-LOAN> 16,330 <INTEREST-INVEST> 1,501 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 17,831 <INTEREST-DEPOSIT> 8,892 <INTEREST-EXPENSE> 10,155 <INTEREST-INCOME-NET> 6,852 <LOAN-LOSSES> 1,500 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 5,297 <INCOME-PRETAX> 794 <INCOME-PRE-EXTRAORDINARY> 794 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,357 <EPS-PRIMARY> 0.17 <EPS-DILUTED> 0.17 <YIELD-ACTUAL> 8.51 <LOANS-NON> 26,685 <LOANS-PAST> 0 <LOANS-TROUBLED> 58,413 <LOANS-PROBLEM> 49,370 <ALLOWANCE-OPEN> 13,515 <CHARGE-OFFS> 1,078 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 13,657 <ALLOWANCE-DOMESTIC> 13,657 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0