COMMUNITY NATIONAL BANCORPORATION
10QSB/A, 1995-03-09
NATIONAL COMMERCIAL BANKS
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               SECURITIES AND EXCHANGE COMMISSION
                    WASHINGTON, D.C. 20549
                  ---------------------------
                         FORM 10-QSB-A

(Mark One)

 X   QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934
     For the quarterly period ended September 30, 1994.

                              OR

     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
     SECURITIES EXCHANGE ACT OF 1934
     For the transition period from               to             
  
                  Commission File No. 33-31013-A

                COMMUNITY NATIONAL BANCORPORATION               

(Exact name of small business issuer as specified in its charter)


        Georgia                           58-1856963          
(State of Incorporation)   (I.R.S. Employer Identification No.)

591 E. Washington Avenue, P.O. Box 2619, Ashburn, Georgia 31714  
     (Address of Principal Executive Offices)

                          (912) 567-9686                         
(Issuer's Telephone Number, Including Area Code)

600 E. Washington Avenue, P.O. Box 2619, Ashburn, Georgia 31714  
(Former Name, Former Address and Former Fiscal Year, if Changed Since Last
Report)

     This report is hreby amended to include the Financial Data Schedule
required under Item 601(b)(27) of regulation S-B.

     Check whether the issuer (1) 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 issuer 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 CORPORATE ISSUERS:  Indicate the number of shares
outstanding of each of the issuer's classes of common equity as of the latest
practicable date.

     Common stock, $5.00 par value per share, 353,417 shares issued and
outstanding as of November 10, 1994.

                        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.

                          COMMUNITY NATIONAL BANCORPORATION
                          (Registrant)


Date: March 3, 1995  BY:  /s/ Theron G. Reed            
                             Theron G. Reed
                             President,
                             Principal Executive Officer and
                             Principal Financial Officer



<TABLE> <S> <C>

<ARTICLE> 9
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               MAR-09-1994
<CASH>                                       1,190,572
<INT-BEARING-DEPOSITS>                               0
<FED-FUNDS-SOLD>                             2,200,000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                  7,828,690
<INVESTMENTS-CARRYING>                       1,537,706
<INVESTMENTS-MARKET>                         1,518,614
<LOANS>                                     43,184,796
<ALLOWANCE>                                    700,603
<TOTAL-ASSETS>                              58,451,208
<DEPOSITS>                                  53,295,224
<SHORT-TERM>                                         0
<LIABILITIES-OTHER>                            785,654
<LONG-TERM>                                          0
<COMMON>                                     1,767,085
                                0
                                          0
<OTHER-SE>                                   2,603,245
<TOTAL-LIABILITIES-AND-EQUITY>              58,451,208
<INTEREST-LOAN>                              3,049,403
<INTEREST-INVEST>                              451,411
<INTEREST-OTHER>                                     0
<INTEREST-TOTAL>                             3,500,814
<INTEREST-DEPOSIT>                           1,530,995
<INTEREST-EXPENSE>                           1,538,394
<INTEREST-INCOME-NET>                        1,965,118
<LOAN-LOSSES>                                  304,000
<SECURITIES-GAINS>                             106,608
<EXPENSE-OTHER>                              1,308,754
<INCOME-PRETAX>                                725,920
<INCOME-PRE-EXTRAORDINARY>                     725,920
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   436,253
<EPS-PRIMARY>                                     1.10
<EPS-DILUTED>                                     1.10
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                          0
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                     0
<CHARGE-OFFS>                                        0
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                                    0
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0
        

</TABLE>


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