<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <CASH> 7,237,315 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 7,402,094 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 18,042,206 <INVESTMENTS-CARRYING> 13,444,721 <INVESTMENTS-MARKET> 13,706,783 <LOANS> 67,137,653 <ALLOWANCE> 719,470 <TOTAL-ASSETS> 116,738,760 <DEPOSITS> 103,219,044 <SHORT-TERM> 2,452,124 <LIABILITIES-OTHER> 791,996 <LONG-TERM> 0 <PREFERRED-MANDATORY> 4,695,345 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 5,580,251 <TOTAL-LIABILITIES-AND-EQUITY> 116,738,760 <INTEREST-LOAN> 2,938,633 <INTEREST-INVEST> 1,057,993 <INTEREST-OTHER> 107,117 <INTEREST-TOTAL> 4,103,743 <INTEREST-DEPOSIT> 1,378,747 <INTEREST-EXPENSE> 1,378,747 <INTEREST-INCOME-NET> 2,727,996 <LOAN-LOSSES> 145,000 <SECURITIES-GAINS> (5,127) <EXPENSE-OTHER> 2,313,105 <INCOME-PRETAX> 698,667 <INCOME-PRE-EXTRAORDINARY> 698,667 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 488,903 <EPS-PRIMARY> 0.52 <EPS-DILUTED> 0.52 <YIELD-ACTUAL> 8.00 <LOANS-NON> 292,000 <LOANS-PAST> 27,000 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 595,593 <CHARGE-OFFS> 38,042 <RECOVERIES> 16,919 <ALLOWANCE-CLOSE> 719,470 <ALLOWANCE-DOMESTIC> 719,470 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0