<TABLE> <S> <C>
<ARTICLE> 9
<LEGEND>
This schedule contains summary financial information extracted from the
consolidated balance sheets and the statements of income of Wake Forest
Bancshares, Inc. and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<CIK> 0001085175
<NAME> Wake Forest Bancshares, Inc.
<MULTIPLIER> 1,000
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<EXCHANGE-RATE> 1
<CASH> 1,440
<INT-BEARING-DEPOSITS> 6,690
<FED-FUNDS-SOLD> 0
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 2,840
<INVESTMENTS-CARRYING> 291
<INVESTMENTS-MARKET> 291
<LOANS> 69,260
<ALLOWANCE> 271
<TOTAL-ASSETS> 81,159
<DEPOSITS> 66,024
<SHORT-TERM> 0
<LIABILITIES-OTHER> 1,118
<LONG-TERM> 162
0
0
<COMMON> 12
<OTHER-SE> 13,843
<TOTAL-LIABILITIES-AND-EQUITY> 81,159
<INTEREST-LOAN> 1,656
<INTEREST-INVEST> 39
<INTEREST-OTHER> 84
<INTEREST-TOTAL> 1,779
<INTEREST-DEPOSIT> 868
<INTEREST-EXPENSE> 872
<INTEREST-INCOME-NET> 907
<LOAN-LOSSES> 10
<SECURITIES-GAINS> 0
<EXPENSE-OTHER> 361
<INCOME-PRETAX> 548
<INCOME-PRE-EXTRAORDINARY> 548
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 341
<EPS-BASIC> 0.30
<EPS-DILUTED> 0.30
<YIELD-ACTUAL> 4.63
<LOANS-NON> 0
<LOANS-PAST> 30
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 252
<CHARGE-OFFS> 0
<RECOVERIES> 9
<ALLOWANCE-CLOSE> 271
<ALLOWANCE-DOMESTIC> 0
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 271
</TABLE>