<ARTICLE> 9 <MULTIPLIER> 1,000 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <EXCHANGE-RATE> 1 <CASH> 19,317 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 326 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 160,502 <INVESTMENTS-CARRYING> 8,542 <INVESTMENTS-MARKET> 8,583 <LOANS> 282,943 <ALLOWANCE> (3,544) <TOTAL-ASSETS> 480,282 <DEPOSITS> 358,739 <SHORT-TERM> 1,199 <LIABILITIES-OTHER> 4,526 <LONG-TERM> 66,525 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 30,340 <OTHER-SE> 20,152 <TOTAL-LIABILITIES-AND-EQUITY> 480,282 <INTEREST-LOAN> 12,363 <INTEREST-INVEST> 5,625 <INTEREST-OTHER> 118 <INTEREST-TOTAL> 18,106 <INTEREST-DEPOSIT> 6,759 <INTEREST-EXPENSE> 8,856 <INTEREST-INCOME-NET> 9,250 <LOAN-LOSSES> 610 <SECURITIES-GAINS> 3 <EXPENSE-OTHER> 6,880 <INCOME-PRETAX> 4,762 <INCOME-PRE-EXTRAORDINARY> 3,407 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,407 <EPS-PRIMARY> 1.15 <EPS-DILUTED> 1.15 <YIELD-ACTUAL> 8.08 <LOANS-NON> 348 <LOANS-PAST> 473 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 3,307 <CHARGE-OFFS> (496) <RECOVERIES> 123 <ALLOWANCE-CLOSE> 3,544 <ALLOWANCE-DOMESTIC> 3,544 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0