On October 18, 1995, approximately 2115 central daylight time, a Cessna 175, N7021M, was substantially damaged when it veered off the runway after landing at Batesville Regional Airport, Batesville, Arkansas. The private pilot was not injured. The airplane, owned by the pilot, was being operated under Title 14 CFR Part 91 when the accident occurred. Originating at Batesville, the personal flight was intended to be flown locally and accomplish touch and go landings. No flight plan was filed and bright night visual meteorological conditions prevailed. The pilot reported that while performing his first touch and go landing, the airplane touched down on the left main landing gear, "ballooned", and veered off the right side of runway 07. He further reported that in an effort to regain control, he attempted to "steer the airplane back to the left by applying power and using rudder." Subsequently, the airplane's nose gear "dug into the grass" and collapsed, the right wing contacted the ground, and the airplane "nosed over." The airplane came to rest in the grass nose down on the right side of the runway. Examination of the airplane by a FAA inspector revealed structural damage to the right wing spar aft of the fuel cell, and buckling to the fuselage near the right wing root.