<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>
This schedule contains summary financial information extracted from financial
statements incorporated by reference into the Company's annual report on Form
10-K for the year ended December 31, 1996, and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<RESTATED> 
<CIK> 0000927478
<NAME> COMMUNITY BANKSHARES, INC.
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               DEC-31-1996
<CASH>                                          19,480
<INT-BEARING-DEPOSITS>                             208
<FED-FUNDS-SOLD>                                 8,345
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     47,418
<INVESTMENTS-CARRYING>                          18,654
<INVESTMENTS-MARKET>                            18,826
<LOANS>                                        205,786
<ALLOWANCE>                                      3,592
<TOTAL-ASSETS>                                 315,579
<DEPOSITS>                                     278,709
<SHORT-TERM>                                       616
<LIABILITIES-OTHER>                              8,993
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                            6,177
<PREFERRED>                                          0
<COMMON>                                         2,005
<OTHER-SE>                                      19,078
<TOTAL-LIABILITIES-AND-EQUITY>                 315,579
<INTEREST-LOAN>                                 20,440
<INTEREST-INVEST>                                3,391
<INTEREST-OTHER>                                   634
<INTEREST-TOTAL>                                24,465
<INTEREST-DEPOSIT>                              11,171
<INTEREST-EXPENSE>                              11,236
<INTEREST-INCOME-NET>                           13,229
<LOAN-LOSSES>                                      757
<SECURITIES-GAINS>                                (14)
<EXPENSE-OTHER>                                 14,950
<INCOME-PRETAX>                                  5,913
<INCOME-PRE-EXTRAORDINARY>                       5,913
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     4,044
<EPS-PRIMARY>                                     2.06
<EPS-DILUTED>                                     1.93
<YIELD-ACTUAL>                                    5.02
<LOANS-NON>                                      1,119
<LOANS-PAST>                                       445
<LOANS-TROUBLED>                                   620
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 3,060
<CHARGE-OFFS>                                      329
<RECOVERIES>                                       104
<ALLOWANCE-CLOSE>                                3,592
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                          3,592
        

</TABLE>