<ARTICLE> 9 <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> Dec-31-1997 <PERIOD-END> Jun-30-1997 <CASH> 7,055 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 16,750 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 10,555 <INVESTMENTS-CARRYING> 10,555 <INVESTMENTS-MARKET> 10,569 <LOANS> 62,070 <ALLOWANCE> 1,500 <TOTAL-ASSETS> 101,752 <DEPOSITS> 91,985 <SHORT-TERM> 0 <LIABILITIES-OTHER> 1,521 <LONG-TERM> 2,381 <PREFERRED-MANDATORY> 0 <PREFERRED> 2,303 <COMMON> 179 <OTHER-SE> 0 <TOTAL-LIABILITIES-AND-EQUITY> 101,752 <INTEREST-LOAN> 4,622 <INTEREST-INVEST> 281 <INTEREST-OTHER> 471 <INTEREST-TOTAL> 5,374 <INTEREST-DEPOSIT> 943 <INTEREST-EXPENSE> 111 <INTEREST-INCOME-NET> 4,320 <LOAN-LOSSES> 1,762 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 5,192 <INCOME-PRETAX> (1,388) <INCOME-PRE-EXTRAORDINARY> (1,388) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,388) <EPS-PRIMARY> ($7.75) <EPS-DILUTED> 0 <YIELD-ACTUAL> 4.12 <LOANS-NON> 425 <LOANS-PAST> 1,874 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 3,053 <ALLOWANCE-OPEN> 1,500 <CHARGE-OFFS> 2,189 <RECOVERIES> 427 <ALLOWANCE-CLOSE> 1,500 <ALLOWANCE-DOMESTIC> 1,500 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0