<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE MARCH
31, 1999 10-QSB FINANCIAL STATEMENTS OF GEORGIA CAROLINA BANCSHARES AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS

<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               MAR-31-1999
<EXCHANGE-RATE>                                      1
<CASH>                                           2,022
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                 3,740
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     13,324
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                         25,440
<ALLOWANCE>                                        888
<TOTAL-ASSETS>                                  47,781
<DEPOSITS>                                      36,257
<SHORT-TERM>                                         0
<LIABILITIES-OTHER>                                425
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             1
<OTHER-SE>                                      11,098
<TOTAL-LIABILITIES-AND-EQUITY>                  47,781
<INTEREST-LOAN>                                    577
<INTEREST-INVEST>                                  206
<INTEREST-OTHER>                                    39
<INTEREST-TOTAL>                                   822
<INTEREST-DEPOSIT>                                 330
<INTEREST-EXPENSE>                                 330
<INTEREST-INCOME-NET>                              492
<LOAN-LOSSES>                                        0
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                    517<F1>
<INCOME-PRETAX>                                     67
<INCOME-PRE-EXTRAORDINARY>                          67
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                        38
<EPS-BASIC>                                        .04
<EPS-DILUTED>                                      .04
<YIELD-ACTUAL>                                     7.5
<LOANS-NON>                                        117
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                   835
<CHARGE-OFFS>                                        0
<RECOVERIES>                                        53
<ALLOWANCE-CLOSE>                                  888
<ALLOWANCE-DOMESTIC>                               888
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                            480
<FN>
<F1>OTHER EXPENSE ADJUSTED TO REFLECT CHANGE IN DEPRECIATION METHOD FOR 1999.
</FN>



</TABLE>