<ARTICLE> 9 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <CASH> 8,509,909 <INT-BEARING-DEPOSITS> 100,030 <FED-FUNDS-SOLD> 34,800,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 37,452,143 <INVESTMENTS-CARRYING> 36,853,054 <INVESTMENTS-MARKET> 37,260,670 <LOANS> 286,901,694 <ALLOWANCE> 10,823,299 <TOTAL-ASSETS> 409,456,787 <DEPOSITS> 270,206,678 <SHORT-TERM> 698,000 <LIABILITIES-OTHER> 14,035,360 <LONG-TERM> 30,365,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 14,932,921 <OTHER-SE> 78,680,703 <TOTAL-LIABILITIES-AND-EQUITY> 409,456,787 <INTEREST-LOAN> 25,170,358 <INTEREST-INVEST> 5,109,824 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 30,280,182 <INTEREST-DEPOSIT> 8,479,894 <INTEREST-EXPENSE> 9,976,712 <INTEREST-INCOME-NET> 20,303,470 <LOAN-LOSSES> 2,400,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 9,831,618 <INCOME-PRETAX> 11,345,671 <INCOME-PRE-EXTRAORDINARY> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 8,298,014 <EPS-PRIMARY> .92 <EPS-DILUTED> .89 <YIELD-ACTUAL> 6.83 <LOANS-NON> 6,024,582 <LOANS-PAST> 0 <LOANS-TROUBLED> 2,607,090 <LOANS-PROBLEM> 2,607,090 <ALLOWANCE-OPEN> 8,186,237 <CHARGE-OFFS> 339,753 <RECOVERIES> 576,815 <ALLOWANCE-CLOSE> 10,823,299 <ALLOWANCE-DOMESTIC> 10,823,299 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0