<TABLE> <S> <C>


<ARTICLE>                                            9
<LEGEND>
         This schedule contains summary financial information extracted from the
consolidated  balance  sheets  and the  statements  of  income  of  Wake  Forest
Bancshares, Inc. and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<CIK>                         0001085175
<NAME>                        WAKE FOREST BANCSHARES, INC.
<MULTIPLIER>                                   1000
<CURRENCY>                                     US-DOLLARS

<S>                                                  <C>
<PERIOD-TYPE>                                         12-MOS
<FISCAL-YEAR-END>                                     SEP-30-2000
<PERIOD-START>                                        OCT-01-1999
<PERIOD-END>                                          SEP-30-2000
<EXCHANGE-RATE>                                       1
<CASH>                                                                      485
<INT-BEARING-DEPOSITS>                                                    6,251
<FED-FUNDS-SOLD>                                                              0
<TRADING-ASSETS>                                                              0
<INVESTMENTS-HELD-FOR-SALE>                                               3,066
<INVESTMENTS-CARRYING>                                                        0
<INVESTMENTS-MARKET>                                                        291
<LOANS>                                                                  72,564
<ALLOWANCE>                                                                 280
<TOTAL-ASSETS>                                                           83,268
<DEPOSITS>                                                               67,874
<SHORT-TERM>                                                                  0
<LIABILITIES-OTHER>                                                       1,075
<LONG-TERM>                                                                 147
<PREFERRED-MANDATORY>                                                         0
<PREFERRED>                                                                   0
<COMMON>                                                                     12
<OTHER-SE>                                                               14,159
<TOTAL-LIABILITIES-AND-EQUITY>                                           83,268
<INTEREST-LOAN>                                                           6,316
<INTEREST-INVEST>                                                           166
<INTEREST-OTHER>                                                            316
<INTEREST-TOTAL>                                                          6,798
<INTEREST-DEPOSIT>                                                        3,310
<INTEREST-EXPENSE>                                                        3,326
<INTEREST-INCOME-NET>                                                     3,472
<LOAN-LOSSES>                                                                34
<SECURITIES-GAINS>                                                            0
<EXPENSE-OTHER>                                                           1,356
<INCOME-PRETAX>                                                           2,131
<INCOME-PRE-EXTRAORDINARY>                                                2,131
<EXTRAORDINARY>                                                               0
<CHANGES>                                                                     0
<NET-INCOME>                                                              1,331
<EPS-BASIC>                                                                1.15
<EPS-DILUTED>                                                              1.15
<YIELD-ACTUAL>                                                             4.56
<LOANS-NON>                                                                   0
<LOANS-PAST>                                                                  0
<LOANS-TROUBLED>                                                              0
<LOANS-PROBLEM>                                                               0
<ALLOWANCE-OPEN>                                                            263
<CHARGE-OFFS>                                                                17
<RECOVERIES>                                                                  0
<ALLOWANCE-CLOSE>                                                           280
<ALLOWANCE-DOMESTIC>                                                          0
<ALLOWANCE-FOREIGN>                                                           0
<ALLOWANCE-UNALLOCATED>                                                     280


</TABLE>