<ARTICLE> 9 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE MORE DETAILED FINANCIAL STATEMENTS OF THE COMPANY AND SUBSIDIARY AND NOTES THERETO INCLUDED ELSEWHERE IN THIS REPORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIALS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 15,118 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 12,150 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 60,557 <INVESTMENTS-CARRYING> 72,784 <INVESTMENTS-MARKET> 72,411 <LOANS> 196,682 <ALLOWANCE> 2,534 <TOTAL-ASSETS> 367,670 <DEPOSITS> 295,027 <SHORT-TERM> 34,885 <LIABILITIES-OTHER> 2,300 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 4,791 <OTHER-SE> 30,667 <TOTAL-LIABILITIES-AND-EQUITY> 367,670 <INTEREST-LOAN> 4,509 <INTEREST-INVEST> 1,937 <INTEREST-OTHER> 129 <INTEREST-TOTAL> 6,575 <INTEREST-DEPOSIT> 2,366 <INTEREST-EXPENSE> 2,798 <INTEREST-INCOME-NET> 3,777 <LOAN-LOSSES> 240 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 2,541 <INCOME-PRETAX> 1,716 <INCOME-PRE-EXTRAORDINARY> 1,113 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,113 <EPS-PRIMARY> 2.33<F1> <EPS-DILUTED> 2.33<F1> <YIELD-ACTUAL> 4.62<F1> <LOANS-NON> 147 <LOANS-PAST> 52 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 2,161<F2> <ALLOWANCE-OPEN> 2,370 <CHARGE-OFFS> 109 <RECOVERIES> 33 <ALLOWANCE-CLOSE> 2,534 <ALLOWANCE-DOMESTIC> 2,534 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0 <FN> <F1>MULTIPLIER IS NOT APPLICABLE TO EPS FIGURES OR YIELDS. <F2>INCLUDES NON-ACCRUAL LOANS OF $147 AND CONFEDERATED LIFE CLASSIFIED ASSET $2,014. </FN>