<ARTICLE> 9
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               SEP-30-1996
<CASH>                                       5,692,941
<INT-BEARING-DEPOSITS>                      17,125,213
<FED-FUNDS-SOLD>                             2,030,000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                 29,872,870
<INVESTMENTS-CARRYING>                       3,045,425
<INVESTMENTS-MARKET>                                 0
<LOANS>                                    676,587,376
<ALLOWANCE>                                 15,089,825
<TOTAL-ASSETS>                             770,515,676
<DEPOSITS>                                  81,947,147
<SHORT-TERM>                               157,997,715
<LIABILITIES-OTHER>                         22,124,660
<LONG-TERM>                                384,948,136
<COMMON>                                   100,430,761
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     256,367
<TOTAL-LIABILITIES-AND-EQUITY>             770,515,676
<INTEREST-LOAN>                             40,285,431
<INTEREST-INVEST>                            2,871,104
<INTEREST-OTHER>                                     0
<INTEREST-TOTAL>                            43,156,535
<INTEREST-DEPOSIT>                           3,030,438
<INTEREST-EXPENSE>                          25,292,245
<INTEREST-INCOME-NET>                       17,864,290
<LOAN-LOSSES>                                  950,000
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                             16,528,585
<INCOME-PRETAX>                             10,747,123
<INCOME-PRE-EXTRAORDINARY>                           0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                10,138,934
<EPS-PRIMARY>                                    13.46
<EPS-DILUTED>                                    13.46
<YIELD-ACTUAL>                                    3.53
<LOANS-NON>                                  1,282,100
<LOANS-PAST>                                 7,798,064
<LOANS-TROUBLED>                             4,115,260
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                            14,554,240
<CHARGE-OFFS>                                  528,145
<RECOVERIES>                                   113,730
<ALLOWANCE-CLOSE>                           15,089,825
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                     15,089,825