<ARTICLE> 9 <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> DEC-31-1999 <EXCHANGE-RATE> 1 <CASH> 26,159,675 <INT-BEARING-DEPOSITS> 679,096 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 0 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 43,342,807 <LOANS> 466,621,615 <ALLOWANCE> 6,863,367 <TOTAL-ASSETS> 568,441,837 <DEPOSITS> 462,998,148 <SHORT-TERM> 0 <LIABILITIES-OTHER> 5,296,142 <LONG-TERM> 46,878,036 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 16,418,081 <OTHER-SE> 24,401,430 <TOTAL-LIABILITIES-AND-EQUITY> 568,441,837 <INTEREST-LOAN> 40,457,210 <INTEREST-INVEST> 1,670,017 <INTEREST-OTHER> 421,879 <INTEREST-TOTAL> 42,549,106 <INTEREST-DEPOSIT> 18,281,860 <INTEREST-EXPENSE> 20,602,115 <INTEREST-INCOME-NET> 21,946,991 <LOAN-LOSSES> 1,456,544 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 15,937,503 <INCOME-PRETAX> 8,091,049 <INCOME-PRE-EXTRAORDINARY> 8,091,049 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 6,355,549 <EPS-BASIC> 0.90 <EPS-DILUTED> 0.89 <YIELD-ACTUAL> 5.13 <LOANS-NON> 95 <LOANS-PAST> 705,511 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 6,112,334 <CHARGE-OFFS> 807,652 <RECOVERIES> 102,141 <ALLOWANCE-CLOSE> 6,863,367 <ALLOWANCE-DOMESTIC> 6,863,367 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 2,096,000