CENTER BANCORP INC
10-Q/A, 1996-01-11
STATE COMMERCIAL BANKS
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                    SECURITIES & EXCHANGE COMMISSION
                         Washington, D.C. 20549
                                    
                                FORM 10-Q
                                    
                                    

      (Mark One)
      
[x]    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
       SECURITIES  EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD
       ENDED SEPTEMBER 30, 1995 OR
      
[ ]    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
       SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD
       FROM __________TO___________
      
       Commission file number 2-81353
      
                          CENTER BANCORP, INC.
      ____________________________________________________________
        (Exact name of registrant as specified in its charter)
                                    
      New Jersey                          52-1273725
      ____________________________________________________________
      (State or other jurisdiction of      (I.R.S. Employer
      incorporation or organization)      Identification No.)
      
               2455 Morris Avenue, Union, New Jersey 07083
      ____________________________________________________________
         (Address of principal executives offices) (Zip Code)
                                    
                             (908) 688-9500
      ____________________________________________________________
          (Registrant's telephone number, including area code)
                                    
      ____________________________________________________________
             (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
      
      Shares outstanding on September 30, 1995
      Common stock no par value - 1,480,256 shares
      
                                    

                                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.


                                    CENTER BANCORP, INC.


DATE: January 8, 1996               /s/ Anthony C. Weagley
                                    Anthony C. Weagley, Treasurer
                                    (Chief Financial Officer)

                                    
                                    
                                    

<TABLE> <S> <C>

<ARTICLE>           9
<MULTIPLIER>        1,000
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               SEP-30-1995
<CASH>                                          18,756
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     68,637    
<INVESTMENTS-CARRYING>                         175,398
<INVESTMENTS-MARKET>                           175,554
<LOANS>                                         98,769
<ALLOWANCE>                                     (1,067)
<TOTAL-ASSETS>                                 372,317
<DEPOSITS>                                     343,723
<SHORT-TERM>                                         0
<LIABILITIES-OTHER>                              1,766
<LONG-TERM>                                          0
<COMMON>                                         4,128
                                0
                                          0
<OTHER-SE>                                      22,700
<TOTAL-LIABILITIES-AND-EQUITY>                 372,317
<INTEREST-LOAN>                                  5,573
<INTEREST-INVEST>                               10,355
<INTEREST-OTHER>                                   105
<INTEREST-TOTAL>                                16,033
<INTEREST-DEPOSIT>                               6,397
<INTEREST-EXPENSE>                               6,490
<INTEREST-INCOME-NET>                            9,543
<LOAN-LOSSES>                                        0
<SECURITIES-GAINS>                                  17
<EXPENSE-OTHER>                                  5,928
<INCOME-PRETAX>                                  4,172
<INCOME-PRE-EXTRAORDINARY>                       4,172
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     3,055
<EPS-PRIMARY>                                     2.07
<EPS-DILUTED>                                     2.07
<YIELD-ACTUAL>                                    6.95
<LOANS-NON>                                          0
<LOANS-PAST>                                        42
<LOANS-TROUBLED>                                   207
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 1,073
<CHARGE-OFFS>                                       10
<RECOVERIES>                                         4
<ALLOWANCE-CLOSE>                                1,067
<ALLOWANCE-DOMESTIC>                               689
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                            378
        

</TABLE>


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