What would the Balrog have done if the ring had fallen into his hands

[Ossë]

I often wonder what the balrog would have done say if the company had perished in the mines and he had obtained the ring. Would he have keep it for himself? He was probably powerful enough to use it. Or would the ring hold no temptation for him, for he himself is much older than the ring? Would he then have given it to sauron desiring a return to the dark days and thinking that this was the best way to do it? In fact, did he even know sauron was still about? Was the balrog even aware of anything to do with the rings at all, being underground for so long. Although i would think that the balrog would be sensitive enough, indeed even familiar enough to some extent with the evilness and the power of the ring even if he had never known of it before. I wonder what would happen if sauron and the balrog had meet. I am sure i remeber reading somewhere, i think in UT, where gandalf said that it was possible that smaug and sauron would 'help' each other. Therefore i would assume the same would be true of the balrog. Could the balrog consider sauron a worthy master and become a servent of him? Or would he see him merely as a fellow former servant of the same master?