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 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934

For Quarterly Period Ended            Commission File Number
           September 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                   799,930
               Class                  Outstanding as of November 8, 1996    

Transitional Small Business Disclosure Format:

                      Yes  _____        No  __X__ 



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:   November 14, 1996             By:__/s/__Robert E. Dye_______________   
                                          Robert E. Dye
                                          President and Chairman of the Board



Dated:   November 14, 1996             By:__/s/__R. Riggie Ridgeway__________  
                                          R. Riggie Ridgeway
                                          Secretary and Treasurer
                                         (Principal Financial Officer)

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>9-MOS
<FISCAL-YEAR-END>DEC-31-1996
<PERIOD-END>SEP-30-1996
<CASH)2,876
<INT-BEARING-DEPOSITS>65,183
<FED-FUNDS-SOLD>3,620
<TRADING-ASSETS>0
<INVESTMENTS-HELD-FOR-SALE>15,076
<INVESTMENTS-CARRYING>0
<INVESTMENTS-MARKET>2,886
<LOANS>62,990
<ALLOWANCE>707
<TOTAL-ASSETS>89,732
<DEPOSITS>76,560
<SHORT-TERM>3,828
<LIABILITIES-OTHER>744
<LONG-TERM>490
0
0
<COMMON>2537
<OTHER-SE>5,573
<INTEREST-LOAN>4,287
<INTEREST-INVEST>991
<INTEREST-OTHER>0
<INTEREST-TOTAL>5,279
<INTEREST-DEPOSIT>2,180
<INTEREST-EXPENSE>2,318
<INTEREST-INCOME-NET>2,961
<LOAN-LOSSES>150
<SECURITIES-GAINS>(2)
<EXPENSE-OTHER>2,051
<INCOME-PRETAX>1,195
<INCOME-PRE-EXTRAORDINARY>1,195
<EXTRAORDINARY>(389)
<CHANGES>0
<NET-INCOME>806
<EPS-PRIMARY>1.06
<EPS-DILUTED>1.04
<YIELD-ACTUAL>4.52
<LOANS-NON>272
<LOANS-PAST>73
<LOANS-TROUBLED>0
<LOANS-PROBLEM>0
<ALLOWANCE-OPEN>670
<CHARGE-OFFS>156
<RECOVERIES>23
<ALLOWANCE-CLOSE>707
<ALLOWANCE-FOREIGN>0
<ALLOWANCE-UNALLOCATED>0
        

</TABLE>


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