<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF GEORGIA-CAROLINA BANCSHARES, INC. FOR THE YEAR ENDED
DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS. 
</LEGEND>
<MULTIPLIER> 1,000 
<CURRENCY> U.S. DOLLARS 
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR 
<FISCAL-YEAR-END>                               DEC-31-1998
<PERIOD-START>                                  JAN-01-1998
<PERIOD-END>                                    DEC-31-1998
<EXCHANGE-RATE>                                           1
<CASH>                                                1,130
<INT-BEARING-DEPOSITS>                                    0
<FED-FUNDS-SOLD>                                      4,740
<TRADING-ASSETS>                                          0
<INVESTMENTS-HELD-FOR-SALE>                          14,208
<INVESTMENTS-CARRYING>                                    0
<INVESTMENTS-MARKET>                                      0
<LOANS>                                              22,875
<ALLOWANCE>                                             835
<TOTAL-ASSETS>                                       45,609
<DEPOSITS>                                           37,736
<SHORT-TERM>                                              0
<LIABILITIES-OTHER>                                     493
<LONG-TERM>                                               0
<PREFERRED-MANDATORY>                                     0
<PREFERRED>                                               0
<COMMON>                                                  1
<OTHER-SE>                                            7,379
<TOTAL-LIABILITIES-AND-EQUITY>                       45,609
<INTEREST-LOAN>                                       2,232
<INTEREST-INVEST>                                       897
<INTEREST-OTHER>                                        176
<INTEREST-TOTAL>                                      3,305
<INTEREST-DEPOSIT>                                    1,400
<INTEREST-EXPENSE>                                    1,400
<INTEREST-INCOME-NET>                                 1,905
<LOAN-LOSSES>                                             0
<SECURITIES-GAINS>                                      (12)
<EXPENSE-OTHER>                                       2,162
<INCOME-PRETAX>                                          55
<INCOME-PRE-EXTRAORDINARY>                               55
<EXTRAORDINARY>                                           0
<CHANGES>                                                 0
<NET-INCOME>                                             48
<EPS-PRIMARY>                                           .08
<EPS-DILUTED>                                           .07
<YIELD-ACTUAL>                                         4.83
<LOANS-NON>                                             220
<LOANS-PAST>                                              1
<LOANS-TROUBLED>                                          0
<LOANS-PROBLEM>                                           0
<ALLOWANCE-OPEN>                                        752
<CHARGE-OFFS>                                            37
<RECOVERIES>                                            120
<ALLOWANCE-CLOSE>                                       835
<ALLOWANCE-DOMESTIC>                                    835
<ALLOWANCE-FOREIGN>                                       0
<ALLOWANCE-UNALLOCATED>                                 206
        
  

</TABLE>