<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 3660900 <INT-BEARING-DEPOSITS> 896000 <FED-FUNDS-SOLD> 18600000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 2018900 <INVESTMENTS-CARRYING> 6078400 <INVESTMENTS-MARKET> 0 <LOANS> 47751900 <ALLOWANCE> (1110100) <TOTAL-ASSETS> 80344200 <DEPOSITS> 76141500 <SHORT-TERM> 0 <LIABILITIES-OTHER> 685300 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 8846900 <OTHER-SE> (5329500) <TOTAL-LIABILITIES-AND-EQUITY> 80344200 <INTEREST-LOAN> 875900 <INTEREST-INVEST> 109300 <INTEREST-OTHER> 65300 <INTEREST-TOTAL> 1050500 <INTEREST-DEPOSIT> 256500 <INTEREST-EXPENSE> 0 <INTEREST-INCOME-NET> 794000 <LOAN-LOSSES> 150000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 1001900 <INCOME-PRETAX> (290200) <INCOME-PRE-EXTRAORDINARY> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (290200) <EPS-PRIMARY> (0.23) <EPS-DILUTED> (0.23) <YIELD-ACTUAL> 5.4 <LOANS-NON> 2074700 <LOANS-PAST> 2636000 <LOANS-TROUBLED> 5883500 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 1088200 <CHARGE-OFFS> 145400 <RECOVERIES> 17300 <ALLOWANCE-CLOSE> 1110100 <ALLOWANCE-DOMESTIC> 1110100 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 429000