<ARTICLE> 9 <LEGEND> This schedule contains summary financial information from the Consolidated Balance Sheets at March 31, 1997 (Unaudited) and the Consolidated Statements of Operations for the Three Months Ended March 31, 1997 (Unaudited) and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 3,788,189 <INT-BEARING-DEPOSITS> 1,698,304 <FED-FUNDS-SOLD> 6,070,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 18,736,711 <INVESTMENTS-CARRYING> 692,940 <INVESTMENTS-MARKET> 692,940 <LOANS> 106,328,896 <ALLOWANCE> 1,602,886 <TOTAL-ASSETS> 140,629,409 <DEPOSITS> 122,833,724 <SHORT-TERM> 4,270,965 <LIABILITIES-OTHER> 1,586,223 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,342,413 <OTHER-SE> 10,596,084 <TOTAL-LIABILITIES-AND-EQUITY> 140,629,409 <INTEREST-LOAN> 2,672,962 <INTEREST-INVEST> 275,621 <INTEREST-OTHER> 111,510 <INTEREST-TOTAL> 3,060,093 <INTEREST-DEPOSIT> 1,338,888 <INTEREST-EXPENSE> 1,400,423 <INTEREST-INCOME-NET> 1,659,670 <LOAN-LOSSES> 87,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 1,274,141 <INCOME-PRETAX> 537,794 <INCOME-PRE-EXTRAORDINARY> 537,794 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 338,594 <EPS-PRIMARY> .24 <EPS-DILUTED> .24 <YIELD-ACTUAL> 5.17 <LOANS-NON> 18,000 <LOANS-PAST> 98,000 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 1,486,873 <CHARGE-OFFS> 91,536 <RECOVERIES> 84,550 <ALLOWANCE-CLOSE> 1,602,886 <ALLOWANCE-DOMESTIC> 1,602,886 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0