<PAGE>
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934.
For the quarterly period ended March 31 , 1995.
Commission File Number 0-10658
BWC FINANCIAL CORP.
(Exact name of registrant as specified in its charter)
CALIFORNIA 94-262100
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
1400 Civic Drive, Walnut Creek, California 94596
(Address of principal executive officer)
(510) 932-5353
(Registrant's Telephone Number, including area code)
N/A
(Former name, former address, and former fiscal year,
if changed since last report.)
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 _____
APPLICABLE ONLY TO ISSUERS INVOLVED
IN BANKRUPTCY PROCEEDINGS DURING
THE PRECEDING FIVE YEARS:
Indicate by check mark whether the registrant has filed all documents and
reports required to be filed by Sections 12, 13 or 15(d) of the Securities
Exchange Act of 1924 subsequent to the distribution of securities under a plan
confirmed by court. Yes No _____
APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the issuer's classes of
common stock as the latest practicable date. As of March 31, 1995, there were
835,165 shares of common stock, no par value outstanding.
<PAGE>
SIGNATURES
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.
BWC FINANCIAL CORP.
(Registrant)
April 26, 1995
___________________________ _________________________________
Date James L. Ryan
President and Chief Executive Officer
April 26, 1995
______________________ ________________________________
Date Leland E. Wines
CFO and Corp. Secretary
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 9
<CIK> 0000353650
<NAME> BWC FINANCIAL CORP
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> MAR-31-1995
<CASH> 8,983,000
<INT-BEARING-DEPOSITS> 3,018,000
<FED-FUNDS-SOLD> 3,450,000
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 0
<INVESTMENTS-CARRYING> 10,564,000
<INVESTMENTS-MARKET> 15,752,000
<LOANS> 85,339,000
<ALLOWANCE> 1,565,000
<TOTAL-ASSETS> 128,412,000
<DEPOSITS> 114,238,000
<SHORT-TERM> 0
<LIABILITIES-OTHER> 874,000
<LONG-TERM> 0
<COMMON> 9,052,000
0
0
<OTHER-SE> 4,248,000
<TOTAL-LIABILITIES-AND-EQUITY> 128,412,000
<INTEREST-LOAN> 2,264,000
<INTEREST-INVEST> 367,000
<INTEREST-OTHER> 54,000
<INTEREST-TOTAL> 2,685,000
<INTEREST-DEPOSIT> 729,000
<INTEREST-EXPENSE> 730,000
<INTEREST-INCOME-NET> 1,955,000
<LOAN-LOSSES> 75,000
<SECURITIES-GAINS> 0
<EXPENSE-OTHER> 1,523,000
<INCOME-PRETAX> 583,000
<INCOME-PRE-EXTRAORDINARY> 583,000
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 391,000
<EPS-PRIMARY> .47
<EPS-DILUTED> .44
<YIELD-ACTUAL> 6.85
<LOANS-NON> 686,000
<LOANS-PAST> 0
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 732,000
<ALLOWANCE-OPEN> 1,498,000
<CHARGE-OFFS> 13,000
<RECOVERIES> 5,000
<ALLOWANCE-CLOSE> 1,565,000
<ALLOWANCE-DOMESTIC> 843,000
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 722,000
</TABLE>
