PEOPLES BANCORPORATION INC /SC/
10QSB/A, 1996-12-24
NATIONAL COMMERCIAL BANKS
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                    SECURITIES AND EXCHANGE COMMISSION 
                          WASHINGTON, D.C.  20549

                               FORM 10-QSB/A
              QUARTERLY REPORT PURSUANT TO SECTION 13 OF 15(D)    
                  OF THE SECURITIES EXCHANGE ACT OF 1934

  FOR QUARTERLY PERIOD ENDED                       COMMISSION FILE NUMBER
        JUNE 30, 1996                                    33-78602
                       
                         PEOPLES BANCORPORATION, INC.
     (exact name of small business issuer as specified in its charter)

             SOUTH CAROLINA                            57-09581843
       (State of other jurisdiction of              (I.R.S. Employer
        incorporation or organization)             Identification No.)
                 
                1800 EAST MAIN STREET, EASLEY SOUTH CAROLINA  29640
               (Address of principal executive offices)     (Zip Code)     

                               NOT APPLICABLE
(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 _____

State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date:

     Common Stock $3.33 Par Value              760,935
              Class                  Outstanding as of August 1, 1996



                                SIGNATURES

    Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                    PEOPLES BANCORPORATION, INC.



Dated:     October 16, 1996       By:___/s/__Robert E. Dye______________
                                     Robert E. Dye
                                     President and Chairman of the Board



Date:      October 16, 1996       By:___/s/__R. Riggie Ridgeway__________
                                     R. Riggie Ridgeway
                                     Secretary and Treasurer

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE>9
<MULTIPLIER>1,000
<PERIOD-START>JAN-01-1996
<PERIOD-TYPE>6-MOS
<FISCAL-YEAR-END>DEC-31-1996
<PERIOD-END>JUN-30-1996
<CASH>3,990
<INT-BEARING-DEPOSITS>61,008 <FED-FUNDS-SOLD>1,300
<TRADING-ASSETS>0
<INVESTMENTS-HELD-FOR-SALE>2,554
<INVESTMENTS-CARRYING>0
<INVESTMENTS-MARKET>15,817
<LOANS>60,320
<ALLOWANCE>652
<TOTAL-ASSETS>86,401
<DEPOSITS>72,565
<SHORT-TERM>4,611
<LIABILITIES-OTHER>770
<LONG-TERM>582
0
0
<COMMON>2,534
<OTHER-SE>5,339
<INTEREST-LOAN>2,812
<INTEREST-INVEST>659
<INTEREST-OTHER>0
<INTEREST-TOTAL>3,471
<INTEREST-DEPOSIT>1,448
<INTEREST-EXPENSE>1,541
<INTEREST-INCOME-NET>1,930
<LOAN-LOSSES>86
<SECURITIES-GAINS>(2)
<EXPENSE-OTHER>1,341
<INCOME-PRETAX>796
<INCOME-PRE-EXTRAORDINARY>796
<EXTRAORDINARY>(259)
<CHANGES>0
<NET-INCOME>537
<EPS-PRIMARY>0.70
<EPS-DILUTED>0.66
<YIELD-ACTUAL>4.58
<LOANS-NON>284
<LOANS-PAST>0
<LOANS-TROUBLED>0
<LOANS-PROBLEM>0
<ALLOWANCE-OPEN>670
<CHARGE-OFFS>123
<RECOVERIES>19
<ALLOWANCE-CLOSE>652
<ALLOWANCE-DOMESTIC>652
<ALLOWANCE-FOREIGN>0
<ALLOWANCE-UNALLOCATED>0
        

</TABLE>


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