<ARTICLE> 9 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 2,837 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 14,150 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 32,669 <INVESTMENTS-CARRYING> 32,669 <INVESTMENTS-MARKET> 5,864 <LOANS> 51,924 <ALLOWANCE> 3,200 <TOTAL-ASSETS> 116,617 <DEPOSITS> 86,519 <SHORT-TERM> 0 <LIABILITIES-OTHER> 2,528 <LONG-TERM> 10,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 111 <COMMON> 317 <OTHER-SE> 0 <TOTAL-LIABILITIES-AND-EQUITY> 116,617 <INTEREST-LOAN> 4,567 <INTEREST-INVEST> 3,459 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 8,026 <INTEREST-DEPOSIT> 2,798 <INTEREST-EXPENSE> 92 <INTEREST-INCOME-NET> 5,136 <LOAN-LOSSES> (2,820) <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 7,509 <INCOME-PRETAX> 3,949 <INCOME-PRE-EXTRAORDINARY> 3,949 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 5,443 <EPS-PRIMARY> 0.18 <EPS-DILUTED> 0.17 <YIELD-ACTUAL> 5.1 <LOANS-NON> 171 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 5,663 <CHARGE-OFFS> 40 <RECOVERIES> 397 <ALLOWANCE-CLOSE> 3,200 <ALLOWANCE-DOMESTIC> 3,200 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0