<ARTICLE> 9 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 2,665,360 <INT-BEARING-DEPOSITS> 160,733 <FED-FUNDS-SOLD> 1,657,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 14,508,203 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 60,100,231 <ALLOWANCE> 644,791 <TOTAL-ASSETS> 82,655,624 <DEPOSITS> 70,979,608 <SHORT-TERM> 1,655,681 <LIABILITIES-OTHER> 987,444 <LONG-TERM> 709,467 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 45,083 <OTHER-SE> 8,278,341 <TOTAL-LIABILITIES-AND-EQUITY> 82,655,624 <INTEREST-LOAN> 3,912,117 <INTEREST-INVEST> 632,284 <INTEREST-OTHER> 34,379 <INTEREST-TOTAL> 4,578,780 <INTEREST-DEPOSIT> 2,122,710 <INTEREST-EXPENSE> 2,198,457 <INTEREST-INCOME-NET> 2,380,323 <LOAN-LOSSES> 90,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 1,992,446 <INCOME-PRETAX> 944,457 <INCOME-PRE-EXTRAORDINARY> 664,825 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 664,825 <EPS-PRIMARY> 2.74 <EPS-DILUTED> 2.74 <YIELD-ACTUAL> 8.40 <LOANS-NON> 246,000 <LOANS-PAST> 369,000 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 653,000 <CHARGE-OFFS> 128,000 <RECOVERIES> 30,000 <ALLOWANCE-CLOSE> 645,000 <ALLOWANCE-DOMESTIC> 38,000 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 607,000