<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>
This restated financial data schedule contains summary financial information
extracted from financial statements incorporated by reference into the
Company's quarterly reports on Form 10-Q for the quarters ended June 30, 1996,
and September 30, 1996, as subsequently restated, and is qualified in its
entirety by reference to such restated financial statements.
</LEGEND>
<RESTATED> 
<CIK> 0000927478
<NAME> COMMUNITY BANKSHARES, INC.
<MULTIPLIER> 1,000
       
<S>                             <C>                     <C>
<PERIOD-TYPE>                   6-MOS                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996             DEC-31-1996
<PERIOD-START>                             JAN-01-1996             JAN-01-1996
<PERIOD-END>                               JUN-30-1996             SEP-30-1996
<CASH>                                          15,570                  14,628
<INT-BEARING-DEPOSITS>                              23                     279
<FED-FUNDS-SOLD>                                 5,150                  11,175
<TRADING-ASSETS>                                     0                       0
<INVESTMENTS-HELD-FOR-SALE>                     43,718                  46,717
<INVESTMENTS-CARRYING>                          16,067                  16,788
<INVESTMENTS-MARKET>                            15,918                  16,757
<LOANS>                                        192,509                 197,848
<ALLOWANCE>                                      3,417                   3,488
<TOTAL-ASSETS>                                 284,764                 301,414
<DEPOSITS>                                     256,155                 267,344
<SHORT-TERM>                                       616                   1,616
<LIABILITIES-OTHER>                              4,330                   7,737
<LONG-TERM>                                          0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                         1,955                   1,955
<OTHER-SE>                                      21,708                  22,762
<TOTAL-LIABILITIES-AND-EQUITY>                 284,764                 301,414
<INTEREST-LOAN>                                  9,711                  15,160
<INTEREST-INVEST>                                1,862                   2,892
<INTEREST-OTHER>                                     2                       7
<INTEREST-TOTAL>                                11,575                  18,059
<INTEREST-DEPOSIT>                               5,341                   8,209
<INTEREST-EXPENSE>                               5,369                   8,255
<INTEREST-INCOME-NET>                            6,206                   9,804
<LOAN-LOSSES>                                      428                     624
<SECURITIES-GAINS>                                   8                    (12)
<EXPENSE-OTHER>                                  6,922                  10,588
<INCOME-PRETAX>                                  2,464                   3,869
<INCOME-PRE-EXTRAORDINARY>                       2,464                   3,869
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                     1,718                   2,709
<EPS-PRIMARY>                                      .88                    1.38
<EPS-DILUTED>                                      .83                    1.31
<YIELD-ACTUAL>                                    2.41                    3.59
<LOANS-NON>                                        978                     998
<LOANS-PAST>                                     1,014                     731
<LOANS-TROUBLED>                                   629                     624
<LOANS-PROBLEM>                                      0                       0
<ALLOWANCE-OPEN>                                 3,061                   3,061
<CHARGE-OFFS>                                      107                     253
<RECOVERIES>                                        35                      56
<ALLOWANCE-CLOSE>                                3,417                   3,488
<ALLOWANCE-DOMESTIC>                                 0                       0
<ALLOWANCE-FOREIGN>                                  0                       0
<ALLOWANCE-UNALLOCATED>                          3,417                   3,488
        

</TABLE>