UNITED STATES
                              SECURITIES AND EXCHANGE COMMISSION
                                     Washington, D.C.  20549

                                            FORM 10-Q

                             QUARTERLY REPORT UNDER SECTION 13 or 15(d)
                               OF THE SECURITIES EXCHANGE ACT OF 1934
                                  FOR QUARTER ENDED SEPTEMBER 30, 1995


                                   Commission file number 2-90033


                                      ASSUMPTION BANCSHARES, INC.
                          (Exact name of registrant specified in its charter)


                                             Louisiana
                 (State or other jurisdiction of incorporation or organization)


                                             72-0121470
                              (I.R.S. Employer Identification No.)


                                             P.O. Box 398
                                         110 Franklin Street
                                      Napoleonville, Louisiana
                              (Address of principal executive office)

                                               70390
                                             (Zip code)

                                          (504) 369-7269
                   (Registrant's telephone number, including area code)


  Indicate  by  check  mark whether the registrant (1) has filed all reports
  required to be filed by Section 13 or 15(d) of the Securities Exchange Act
  of 1934 during the preceding  12  months  (or for such shorter period that
  the  registrant  was  required to file such reports),  and  (2)  has  been
  subject to such filing requirements for the past 90 days.

  YES   X    NO


             Number of shares outstanding as of September 30, 1995:

                               160,000 Common Shares

<PAGE>


                         ASSUMPTION BANCSHARES, INC.

                 Condensed Consolidated Statements of Condition
                              (Unaudited)

                    September 30, 1995 and December 31, 1994


                                                September 30,  December 31,
           Assets                                    1995         1994
          ___________                          _____________  _____________
Cash and due from banks                        $   4,646,316   $  5,646,119
Federal funds sold                                      -         4,800,000
                                               _____________  _____________
Cash and cash equivalents                          4,646,316     10,446,119

Interest-bearing deposits                             99,000         99,000
Securities:
  Held-to-maturity (market values of $25,992,000
   and $23,765,000 at September 30, 1995 and
   December 31, 1994, respectively)               26,081,560     25,509,568
  Available-for-sale (amortized cost of
   $12,160,376 and $18,002,372 at September 30,
   1995 and December 31, 1994, respectively)      12,125,212     17,166,810

Loans                                             57,177,186     50,575,872
  Less allowance for possible loan losses          1,124,503      1,103,823
                                               _____________  _____________

           Net loans                              56,052,683     49,472,049

Other real estate                                     33,350        187,243
Bank premises and equipment, net                   2,253,287      2,052,931
Accrued interest receivable                          827,691        819,816
Other assets                                         409,192        672,006
                                               _____________  _____________

                                               $ 102,528,291    106,425,542
                                               =============  =============
           
           Liabilities and Stockholders' Equity
           ____________________________________
Deposits:
  Noninterest-bearing demand                       9,204,840     11,419,962
  NOW accounts                                    16,220,125     21,559,771
  Money market accounts                            9,617,216     11,186,172
  Savings and IRA accounts                        23,090,478     23,604,166
  Certificates and other time deposits
    $100,000 and over                              3,332,136      3,648,964
  Other certificates of deposit                   28,065,747     26,833,732
                                                _____________  _____________

                                                  89,530,542     98,252,767

Federal funds purchased                            3,200,000            -
Accrued interest payable                             405,781        193,474
Other liabilities and accrued expenses               191,601         63,584
                                                _____________  _____________

         Total liabilities                        93,327,924     98,509,825

Stockholders' equity:
  Common stock                                       800,000        800,000
  Paid-in capital                                    450,000        450,000
  Retained earnings                                7,973,575      7,217,554
  Net unrealized loss on securities                  (23,208)      (551,837)
                                               _____________  _____________

         Total stockholders' equity                9,200,367     7,915,717
                                               _____________  _____________

                                               $ 102,528,291   106,425,542
                                               =============  =============

See accompanying note to condensed consolidated financial statements.
<PAGE>

                      ASSUMPTION BANCSHARES, INC.

              Condensed Consolidated Statements of Income
                              (Unaudited)

For the three-month and nine-month periods ended September 30, 1995 and 1994

<TABLE>
<CAPTION>

                                        Three months ended        Nine months ended
                                        __________________      _________________
                                      Sept. 30,   Sept. 30,     Sept. 30,   Sept.30,
                                        1995       1994            1995     1994
                                        _____     ______         _______   _______
<S>                                 <C>           <C>           <C>        <C>
Interest income:
   Interest and fees on loans       $ 1,233,249   1,089,057     3,515,364  3,102,570
   Interest on investment securities:
     Taxable                            407,395     528,444     1,397,997  1,673,886
     Exempt from federal income taxes   185,887     143,070       523,020    336,621
   Interest on federal funds sold        27,257      25,137       145,201    135,583
   Interest on deposits with banks        1,497       1,175         5,012      3,332
                                    _____________ ____________  ___________ __________     

        Total interest income         1,855,285   1,786,883     5,586,594  5,251,992

Interest expense on deposits            782,418     620,998     2,300,844  1,896,733
Interest on federal funds purchased       5,445       9,852         5,445      9,852
                                    _____________ ____________  ___________ __________     

        Total interest expense          787,863     630,850     2,306,289  1,906,585
                                    _____________ ____________  ___________ __________     

        Net interest income           1,067,422   1,156,033     3,280,305  3,345,407

Provision for possible loan losses       34,000      10,000        52,000     50,000
                                    _____________ ____________  ___________ __________     

         Net interest income after
          provision for possible
          loan losses                 1,033,422   1,146,033     3,228,305   3,295,407

Other income                            148,825     139,962       423,622     404,548
Other expenses                         (886,399)   (893,723)   (2,669,056) (2,637,223)
                                    _____________ ____________  ___________ __________     
         Income before income taxes     295,848     392,272       982,871   1,062,732

Income tax expense                      (69,200)    (41,700)     (226,850)   (213,111)
                                    _____________ ____________  ___________ __________     

         Net income                 $   226,648     350,572       756,021     849,621
                                    ============= ============  =========== ===========

Per share data:
   Net income                       $      1.42        2.19          4.73        5.31
                                    ============= ============  =========== ===========
Number of shares used in computation    160,000     160,000       160,000     160,000
                                    ============= ============  =========== ===========

</TABLE>
See accompanying note to condensed  consolidated  financial statements.

<PAGE>
                              ASSUMPTION BANCSHARES, INC.

        Condensed Consolidated Statements of Changes in Stockholders' Equity
                                  (Unaudited)

        For the nine-month periods ended September 30, 1995 and 1994
                                                            
                                                         Net
                                                      unrealized
                                                      gain (loss)     Total
                       Common    Paid-In   Retained       on      stockholders'
                        stock    capital   earnings    securities     equity
                      __________ _________ __________ ___________ ____________
Balances at
   December 31, 1993   $ 800,000  450,000   6,411,335    271,185   7,932,520

Net income for nine
 months ended
 September 30, 1994        -        -         849,621        -       849,621

Change in net
 unrealized gain
 (loss) on
 securities                -        -            -      (654,819)   (654,819)
                      __________ _________ __________ ___________ ____________

Balances at
   September 30,1994   $ 800,000  450,000    7,260,956  (383,634)  8,127,322
                      =========== ========= =========== ========== ============

Balances at
   December 31, 1994     800,000  450,000    7,217,554  (551,837)  7,915,717

Net income for nine
   months ended
   September 30, 1995        -        -        756,021        -      756,021

Change in net
  unrealized gain
  (loss) on securities       -        -           -      528,629     528,629
                       __________ _________ __________ ___________ ___________

Balances at
   September 30,1995  $ 800,000   450,000    7,973,575   (23,208)  9,200,367
                      =========== ========= ========== =========== ===========


See accompanying note to condensed consolidated financial statements.

<PAGE>
                              ASSUMPTION BANCSHARES, INC.

                   Condensed Consolidated Statements of Cash Flows
                                   (Unaudited)

            For the nine-month periods ended September 30, 1995 and 1994

                                                      1995          1994
                                                 _______________ _____________
Cash flows from operating activities:           
  Net income                                      $   756,021        849,621
  Adjustments to reconcile net income to net
   cash provided by operating activities:
  Depreciation                                         151,675       149,850
  Provision for possible loan losses                    52,000        50,000
  Net loss on sale of securities
    available-for-sale                                   6,629        14,208
  Gain on sale of other real estate                    (16,032)          -
  Write down of other real estate                            -        63,554
  Decrease in accrued interest receivable               (7,875)     (135,006)
  Increase in accrued interest payable                 212,307        41,777
  Increase  in other assets and other liabilities      118,507       (11,945)
                                                 _______________ _____________
      Net cash provided by operating activities      1,273,232     1,022,059
                                                 _______________ _____________

Cash flows from investing activities:
  Proceeds from sales of securities 
    available-for-sale                               5,215,291     9,503,502
  Maturities of and principal payments on
    securities held-to-maturity                      1,751,168     4,462,891
  Purchases of securities available-for-sale          (489,531)         -
  Maturities of and principal payments on
    securities available-for-sale                    1,110,162     2,861,053
  Purchases of securities held-to-maturity          (2,323,160)  (14,344,009)
  Loans originated, net of principal collected      (6,642,634)   (8,670,006)
  Proceeds from sales of other real estate acquired
    in settlement of loans                             185,134          -
  Capital expenditures                                (357,240)     (479,975)
                                                 _______________ _____________

      Net cash provided by investing activities     (1,550,810)   (6,666,544)
                                                 _______________ _____________

Cash flows from financing activities:
  Net decrease in demand deposits, NOW accounts,
    money market accounts and savings accounts      (9,637,412)   (7,035,980)
  Net increase (decrease) of certificates of deposit
    and other time deposits                            915,187      (858,370)
  Net increase in federal funds purchased            3,200,000     5,500,000
                                                 _______________ _____________

       Net cash used in financing activities        (5,522,225)   (2,394,350)
                                                 _______________ _____________

Net decrease in cash and cash equivalents           (5,799,803)   (8,038,835)

Cash and cash equivalents at beginning of period    10,446,119    11,650,432
                                                 _______________ _____________

Cash and cash equivalents at end of period        $  4,646,316     3,611,597
                                                 =============== =============
Supplemental disclosures:
  Interest paid on deposits                       $  2,088,538     1,840,729
                                                 =============== =============
  Income taxes paid                               $    185,000       310,000
                                                 =============== =============
See accompanying note to condensed consolidated financial statements.
<PAGE>


                                    ASSUMPTION BANCSHARES, INC.

            Note to Condensed Consolidated Financial Statements

            For the nine-month periods ended September 30, 1995 and 1994


            The  accompanying   unaudited   condensed  consolidated  financial
            statements  have  been  prepared  in   accordance  with  generally
            accepted accounting principles for interim  financial  information
            and  with  the  instructions  to  Form  10-Q  and  Article  10  of
            Regulation  S-X.   Accordingly,  they  do  not  include all of the
            information   and   footnotes   required   by  generally  accepted
            accounting   principles.   In  the  opinion  of  management,   all
            adjustments (consisting  of  normal recurring accruals) considered
            necessary for a fair presentation  have  been included.  Operating
            results  for the nine-month period ended September 30,  1995,  are
            not necessarily indicative of the results that may be expected for
            the year ending December 31, 1995.  For further information, refer
            to  the  audited   consolidated  financial  statements  and  notes
            included in Assumption  Bancshares' annual report on Form 10-K for
            the year ended December 31, 1994.

            Cash and Cash Equivalents

            For  purposes of the condensed  consolidated  statements  of  cash
            flows, cash and cash equivalents represent cash and due from banks
            and federal funds sold.

            Securities

            The Bank  accounts  for  its  investments  in  accordance with the
            provisions of Statement of Financial Accounting Standards No. 115,
            "Accounting for Certain Investments in Debt and Equity Securities"
            (SFAS  No.  115).   Under  SFAS  No. 115, the Bank classifies  its
            securities  in one of three categories:   trading,  available-for-
            sale, or held-to-maturity.  Trading securities are bought and held
            principally for  the  purpose  of selling them in the near future.
            Held-to-maturity securities are those securities in which the Bank
            has the ability and intent to hold  the  security  until maturity.
            All  other  securities not included in trading or held-to-maturity
            are classified as available-for-sale.

            Trading and available-for-sale  securities  are  recorded  at fair
            value.   Held-to-maturity  securities  are  recorded  at amortized
            cost,  adjusted  for the amortization or accretion of premiums  or
            discounts.   Unrealized   holding  gains  and  losses  on  trading
            securities are included in earnings.  Unrealized holding gains and
            losses, net of the related  tax  effect, on the available-for-sale
            securities  are  excluded from earnings  and  are  reported  as  a
            separate  component   of   stockholders'  equity  until  realized.
            Transfers of securities between  categories  are  recorded at fair
            value  at  the  date  of transfer.  Unrealized holding  gains  and
            losses  are recognized in  earnings  for  transfers  into  trading
            securities.   Unrealized  holding  gains or losses associated with
            transfers  of securities from held-to-maturity  to  available-for-
            sale are recorded as a separate component of stockholders' equity.
            The unrealized  holding  gains  or losses included in the separate
            component of equity for securities transferred from available-for-
            sale  to  held-to-maturity  are  maintained   and  amortized  into
            earnings over the remaining life of the security  as an adjustment
            to yield in a manner consistent with the amortization or accretion
            of premium or discount on the associated security.
<PAGE>

                                     ASSUMPTION BANCSHARES, INC.

                         Note to Condensed Consolidated Financial Statements


            A decline in the market value of any available-for-sale  or  held-
            to-maturity   security  below  cost  that  is  deemed  other  than
            temporary results  in  a  charge  to  earnings  resulting  in  the
            establishment of a new cost basis for the security.

            Premiums  and discounts are amortized or accreted over the life of
            the related  held-to-maturity  security  as an adjustment to yield
            using   the  effective  interest  method.   Interest   income   is
            recognized  when earned.  Realized gains and losses for securities
            classified as available-for-sale and held-to-maturity are included
            in earnings and  are  derived  using  the  specific identification
            method for determining the cost of securities sold.

            Earnings per share

            Earnings per share have been computed on the basis of the weighted
            average number of shares outstanding.

            Reclassification

            Certain reclassifications were made to the condensed  consolidated
            statements of cash flows of prior periods to conform with the 1995
            presentation.

            Change  in  Accounting  Principles  - Accounting by Creditors  for
            Impairment of a Loan

            During the first quarter of 1995, the  Bank  adopted  Statement of
            Financial Accounting Standard No. 114, Accounting by Creditors for
            Impairment  of  a  Loan  (SFAS No. 114) and Statement of Financial
            Accounting  Standards  No.  118,   Accounting   by  Creditors  for
            Impairment  of  a Loan - Income Recognition and Disclosures  (SFAS
            No. 118).  The Bank  adopted  the  provisions  of SFAS No. 114 and
            SFAS  No.  118  to  all  of  its  loans,  except for its  consumer
            installment loans which are collectively evaluated for impairment.
            Pursuant to SFAS No. 114 and SFAS No. 118, a loan is considered to
            be impaired when, based on current information  and  events, it is
            probable  that  the  Bank will be unable to collect principal  and
            interest amounts due according  to  the  contractual  terms of the
            loan agreement.  When a loan is impaired, the measurement  of  its
            impairment can be determined in one of three ways, as follows: (1)
            the  present  value  of  the  expected  cash  flows  of  the  loan
            discounted at the loan's original effective interest rate, (2) the
            observable  market  price  of  the  impaired loan, or (3) the fair
            value  of  the  collateral  of a collateral-dependent  loan.   The
            amount by which the recorded  investment  in  the loan exceeds the
            measure  of  the  impaired  loan  is  recognized  by  recording  a
            valuation  allowance with a corresponding charge to the  provision
            for possible loan losses.  The effect of adopting SFAS No. 114 and
            SFAS No. 118  on  the  Bank's  financial  condition and results of
            operations was immaterial.

            At  September  30,  1995, impaired loans, all  of  which  were  on
            nonaccrual, totaled $839,500,  of  which $287,158 required a total
            impairment allowance of $233,950.  The average recorded investment
            in impaired loans was approximately  $715,000  and $769,000 during
            the  nine  months  and  three  months  ended  September 30,  1995,
            respectively.   The Bank recognized no interest  income  on  those
            impaired loans in the first nine months of 1995.  For all impaired
            loans, the impairment  amount was measured using the fair value of
            the underlying collateral.

<PAGE>
                                     ASSUMPTION BANCSHARES, INC.

                               Management's Discussion and Analysis of
                            Financial Condition and Results of Operations


            Results of Operations

            Net interest income for  the  nine months ended September 30, 1995
            was  comparable  to  amounts  for  the   nine-month  period  ended
            September 30, 1994.  The Bank's net interest  margins  were  4.06%
            and  4.20%,  for  the  periods  ended September 30, 1995 and 1994,
            respectively.

            Other expenses at September 30, 1995  totaled  $2,674,496 which is
            slightly higher than the $2,637,223 for the first  nine  months of
            1994.  The increase in expenses is due primarily to the additional
            expenditures  on advertising and consulting fees during the  first
            six months of 1995.   Other  income  at September 30, 1995 totaled
            $423,462 which is comparable to $404,548 for the first nine months
            of 1994.

            The provision for income taxes is based  on  management's estimate
            of the expected effective tax rate for the entire year.

            Liquidity and Capital Resources

            Fluctuating interest rates and competitive forces in the financial
            services industry have intensified the need for  management of and
            matching  maturities  of  various  assets  and liabilities.   This
            process  involves  maintaining liquidity and controlling  interest
            rate sensitivity.  The  goal  of liquidity management is to ensure
            funds are available for customer needs.  Interest rate sensitivity
            management attempts to match shifts  in  earning asset yields with
            interest paying liability rates.

            Net  earnings  for  the  first  nine months of  1995  of  $756,021
            increased the Bank's stockholders'  equity,  while  the unrealized
            losses  on  securities classified as available-for-sale  decreased
            $528,629, from  an  unrealized  loss  of $551,837 to an unrealized
            loss of $23,208.  Stockholders' equity  increased $1,284,650 since
            December 31, 1994 as a result of these changes.

            Management  is  not  aware  of any recommendations  by  regulatory
            authorities or other matters which are reasonably likely to have a
            material  effect on the Bank's  capital  resources,  liquidity  or
            operations.

            The Bank's  deposits  decreased  approximately  $8.7 million since
            December 31, 1994.  This decrease is consistent with  the seasonal
            cycle  of  cash  flow  in the agricultural industry in the  Bank's
            trade area.  During the quarter ended September 30, 1995, the Bank
            began purchasing Federal funds to help meet these liquidity needs.
            Management anticipates increases  in  deposits  during  the fourth
            quarter  as  crop  proceeds are received by the Bank's agriculture
            customers.

            Securities, comprised  of  U. S. Treasuries, obligations of states
            and  municipalities  and  government   guaranteed  mortgage-backed
            securities, represented 37% and 40% of total  assets  at September
            30,  1995  and  December 31,  1994,  respectively.  The securities
            portfolio  is  managed with the primary  objective  of  generating
            interest income  while  maintaining  an appropriate level of asset
            liquidity  and  controlling  the  Bank's net  interest  rate  risk
            position.

<PAGE>
                                     ASSUMPTION BANCSHARES, INC.

                               Management's Discussion and Analysis of
                            Financial Condition and Results of Operations


            The market value of the entire securities  portfolio  is  99.7% of
            book  value  at  September 30, 1995, compared to 95.9% at December
            31, 1994.  Management  does  not anticipate any significant effect
            on future earnings, liquidity  or capital resources as a result of
            the  amounts  of unrealized gains  or  unrealized  losses  in  the
            securities portfolio.

            Securities Available for Sale

            As of September  30,  1995,  management  has classified securities
            with an aggregate amortized cost of $12,160,376 and a market value
            of $12,125,212 as available-for-sale.

            Improving bond prices caused a significant  change  in  the market
            values  of  these  securities  during  the  third  quarter.  A net
            unrealized  loss,  net  of  tax,  decreased  stockholders'  equity
            $23,000  at  September 30, 1995.  The net unrealized  loss  before
            taxes included  gross  unrealized  gains  of  $106,000  and  gross
            unrealized  losses  of  $105,000.   Stockholders' equity reflected
            reductions for net unrealized losses,  net  of tax, of $113,000 at
            the end of last quarter and $384,000 at September 30, 1994.

            As a result of increases in the general level  of  market interest
            rate  during 1994, the carrying value of securities available  for
            sale included  $551,837 in net unrealized losses, net of taxes, as
            of December 31,  1994.  Management considered the gross unrealized
            losses in the securities portfolio to be temporary in nature.

            Asset Quality

            Nonperforming assets, which include nonaccrual loans, restructured
            loans and foreclosed  assets,  totaled  $873,000  at September 30,
            1995,  compared  to  $496,000  at September 30, 1994, $681,000  at
            year-end 1994, and $763,000 at June 30, 1995.

            As   a   percentage  of  total  loans  plus   foreclosed   assets,
            nonperforming  assets were 1.5% at September 30, 1995, compared to
            1.0% a year ago, 1.3% at year-end 1994, and 1.4% at June 30, 1995.

            The following table  sets  forth the past due and nonaccrual loans
            (in thousands of dollars):

                                                                September 30
                                                              _________________
                                                               1995      1994
                                                              ________ ________
               Loans past due 90 days or more                 $ 153       175
                                                              ======== ========
               Nonaccrual loans, all of which are impaired:
                 Real estate                                    808       343
                 Individual                                      31        -
                                                              ________ _______
                    Total                                     $ 839       343
                                                              ======== =======
            
            Loans are placed on nonaccrual status when management's assessment
            of the borrowers' financial condition indicates that collection of
            interest is doubtful.  In making  this  determination,  management
            considers current economic and business conditions, the nature  of
            the collateral, collection efforts and regulatory guidelines.

<PAGE>

                        ASSUMPTION BANCSHARES, INC.

                  Management's Discussion and Analysis of
                Financial Condition and Results of Operations


            Nonaccrual  loans,  which  totaled $839,500 at September 30, 1995,
            increased $496,000 (145%) from  a year ago and $346,000 (70%) from
            year-end 1994.  Nonaccrual loans  totaled  $631,054  at  June  30,
            1995.   The  Bank  placed  loans  related  to  a  fishing supplies
            retailer on nonaccrual during the first quarter of  1995,  leading
            to  a  substantial  portion  of the increase from a year ago.  The
            current quarter increase in nonaccrual  loans  is due primarily to
            several  residential  and commercial real estate loans  that  have
            become over 90 days delinquent  during  the third quarter of 1995.
            Management  does  not  believe  that  there has  been  an  overall
            deterioration as a result of these changes.

            Management has identified no potential  problem  loans,  which are
            loans  for  which  payments  are  contractually  current  but  the
            borrowers  are  currently  experiencing  financial difficulties at
            September 30, 1995, which are not otherwise identified as past due
            or nonaccrual.

            The  provision  for  loan losses through September  30,  1995  was
            $52,000 compared to $50,000  for  the  first  nine months of 1994.
            The  Bank's allowance for loan losses as a percentage  of  average
            loans  has remained consistent at 2.13% and 2.18% at September 30,
            1995 and  December 31,  1994,  respectively.  Management evaluates
            the adequacy of the allowance for  loan losses on an ongoing basis
            and  believes,  based  on  its analysis,  that  the  allowance  is
            adequate to absorb losses relating  to  these and other credits in
            the portfolio.

            The  allowance  for  possible  loan  losses  as   a   percent   of
            nonperforming loans was 134%, 173%, 223% and 322% at September 30,
            1995,  June  30,  1995,  December 31, 1994 and September 30, 1994,
            respectively.  Management  has  determined  that the allowance for
            possible loan losses at September 30, 1995, is  adequate  to cover
            losses inherent in its loan portfolio.

            The  amount  of  additional  interest  income on nonaccrual loans,
            which  would  have  been  recognized  for the  nine  months  ended
            September 30, 1995 and 1994, had the related loans been performing
            according  to  their  original  terms,  approximates  $55,600  and
            $21,300, respectively.  No income was recognized  during  1995 and
            1994 on these loans.


            The  following table summarizes the activity in the allowance  for
            loan losses  arising  from  loans charged-off, recoveries of loans
            previously charged-off, and additions  to the allowance charged to
            income (in thousands of dollars):

                                                           Nine  months
                                                              ended
                                                           September 30, 
                                                           1995    1994
                                                         ________ __________
               Balance of the allowance for loan
                 losses at beginning of period           $ 1,104    1,130
                                                         _________ _________
               Loans charged-off:
                 Commercial, financial and agricultural        3       86
                 Real estate                                  10       39
                 Individuals                                  49       38
                                                         _________ _________

                                                              62      163
                                                         __________ _________
               Recoveries on loans previously charged-off:
                 Commercial, financial and agricultural        8        4
                 Real estate                                   9       19
                 Individuals                                  14       23
                                                         __________ _________

                                                              31       46
                                                         __________ _________

               Net loans charged-off                          31      117

               Provision charged to income                    52       50
                                                         __________ _________

               Balance of the allowance for loan
                 losses at September 30                  $ 1,125    1,063
                                                         ========== =========
               Ratio of net charge-offs during 
                 the period to average loans 
                 outstanding during the period              0.06%    0.24%
                                                         ========== =========

<PAGE>

                                               PART II


            Items 1 through 5 are not applicable.

            Item  6.   Exhibits  and Reports on Form 8-K.   No  Form  8-K  was
            required to be filed during the quarter ended September 30, 1995.



            SIGNATURE



            Pursuant to the requirements  of  the  Securities  Exchange Act of
            1934, the Registrant has duly caused this report to  be  signed on
            its behalf by the undersigned thereunto duly authorized.

                                                 Joseph H. Montero
                                                 _______________________

                                                 Joseph H. Montero,
                                                 President,Chief Executive
                                                 Officer and Chief Accounting
                                                 Officer





                                                Date:   November 14, 1995