<ARTICLE> 9
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<EXCHANGE-RATE>                                      1
<CASH>                                       5,010,455
<INT-BEARING-DEPOSITS>                       9,690,000
<FED-FUNDS-SOLD>                             1,700,000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    120,000
<INVESTMENTS-CARRYING>                      25,038,203
<INVESTMENTS-MARKET>                                 0
<LOANS>                                     23,726,665
<ALLOWANCE>                                    402,433
<TOTAL-ASSETS>                              68,969,617
<DEPOSITS>                                  62,524,042
<SHORT-TERM>                                         0
<LIABILITIES-OTHER>                            223,948
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                        4,453,300
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                   1,768,327
<TOTAL-LIABILITIES-AND-EQUITY>              68,969,617
<INTEREST-LOAN>                                650,258
<INTEREST-INVEST>                              560,253
<INTEREST-OTHER>                                     0
<INTEREST-TOTAL>                             1,210,511
<INTEREST-DEPOSIT>                             305,080
<INTEREST-EXPENSE>                             305,080
<INTEREST-INCOME-NET>                          905,431
<LOAN-LOSSES>                                 (130,000)
<SECURITIES-GAINS>                               3,317
<EXPENSE-OTHER>                                782,117
<INCOME-PRETAX>                                144,263
<INCOME-PRE-EXTRAORDINARY>                     144,263
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    83,863
<EPS-PRIMARY>                                     0.15
<EPS-DILUTED>                                     0.15
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                          0
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                     0
<CHARGE-OFFS>                                        0
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                                    0
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0