<ARTICLE> 9 <MULTIPLIER> 1 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 11,064,486 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 9,696,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 86,787,536 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 86,787,536 <LOANS> 246,112,983 <ALLOWANCE> 3,836,067 <TOTAL-ASSETS> 369,277,659 <DEPOSITS> 309,846,672 <SHORT-TERM> 25,257,519 <LIABILITIES-OTHER> 4,952,162 <LONG-TERM> 1,044,614 <COMMON> 7,824,185 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 20,352,507 <TOTAL-LIABILITIES-AND-EQUITY> 369,277,659 <INTEREST-LOAN> 5,579,457 <INTEREST-INVEST> 1,123,691 <INTEREST-OTHER> 172,141 <INTEREST-TOTAL> 6,875,289 <INTEREST-DEPOSIT> 2,618,465 <INTEREST-EXPENSE> 3,018,051 <INTEREST-INCOME-NET> 3,857,238 <LOAN-LOSSES> 0 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 2,982,596 <INCOME-PRETAX> 1,374,064 <INCOME-PRE-EXTRAORDINARY> 870,671 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 870,671 <EPS-PRIMARY> 0.56 <EPS-DILUTED> 0.56 <YIELD-ACTUAL> 0454 <LOANS-NON> 798,000 <LOANS-PAST> 659,000 <LOANS-TROUBLED> 705,000 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 0 <CHARGE-OFFS> 0 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 0 <ALLOWANCE-DOMESTIC> 0 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0