<ARTICLE> 9 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 2,284,635 <INT-BEARING-DEPOSITS> 478,676 <FED-FUNDS-SOLD> 5,001,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 14,308,339 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 58,281,935 <ALLOWANCE> 720,080 <TOTAL-ASSETS> 83,781,462 <DEPOSITS> 72,572,854 <SHORT-TERM> 371,407 <LIABILITIES-OTHER> 1,273,065 <LONG-TERM> 605,919 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 270,500 <OTHER-SE> 8,687,717 <TOTAL-LIABILITIES-AND-EQUITY> 83,781,462 <INTEREST-LOAN> 2,677,644 <INTEREST-INVEST> 434,062 <INTEREST-OTHER> 102,758 <INTEREST-TOTAL> 3,214,464 <INTEREST-DEPOSIT> 1,538,739 <INTEREST-EXPENSE> 1,566,810 <INTEREST-INCOME-NET> 1,647,654 <LOAN-LOSSES> 75,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 1,395,255 <INCOME-PRETAX> 780,989 <INCOME-PRE-EXTRAORDINARY> 780,989 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 544,509 <EPS-PRIMARY> 2.24 <EPS-DILUTED> 0 <YIELD-ACTUAL> 4.24 <LOANS-NON> 217,000 <LOANS-PAST> 44,000 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 677,101 <CHARGE-OFFS> 44,000 <RECOVERIES> 12,000 <ALLOWANCE-CLOSE> 720,080 <ALLOWANCE-DOMESTIC> 37,000 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 683,080