<ARTICLE> 9 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE COMPANY'S 10-K FOR PERIOD ENDING DECEMBER 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS AND THE NOTES THERETO. </LEGEND> <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 9,427,069 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 12,970,075 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 45,972,651 <INVESTMENTS-CARRYING> 25,589,675 <INVESTMENTS-MARKET> 25,880,236 <LOANS> 169,651,061 <ALLOWANCE> 2,935,534 <TOTAL-ASSETS> 275,004,977 <DEPOSITS> 233,799,526 <SHORT-TERM> 0 <LIABILITIES-OTHER> 2,491,136 <LONG-TERM> 2,028,120 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,573,515 <OTHER-SE> 35,112,680 <TOTAL-LIABILITIES-AND-EQUITY> 275,004,977 <INTEREST-LOAN> 17,718,313 <INTEREST-INVEST> 4,071,308 <INTEREST-OTHER> 716,654 <INTEREST-TOTAL> 22,506,275 <INTEREST-DEPOSIT> 9,308,183 <INTEREST-EXPENSE> 9,445,271 <INTEREST-INCOME-NET> 13,061,004 <LOAN-LOSSES> 1,651,925 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 8,321,269 <INCOME-PRETAX> 5,712,147 <INCOME-PRE-EXTRAORDINARY> 3,802,932 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,802,932 <EPS-PRIMARY> 2.44 <EPS-DILUTED> 2.43 <YIELD-ACTUAL> 5.14 <LOANS-NON> 3,173,107 <LOANS-PAST> 252,637 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 2,604,080 <CHARGE-OFFS> 1,577,462 <RECOVERIES> 256,991 <ALLOWANCE-CLOSE> 2,935,534 <ALLOWANCE-DOMESTIC> 2,935,534 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0