<ARTICLE> 9 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <CASH> 24,391,388 <INT-BEARING-DEPOSITS> 180,000 <FED-FUNDS-SOLD> 3,550,353 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 65,849,126 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 315,007,858 <ALLOWANCE> 4,855,536 <TOTAL-ASSETS> 426,017,932 <DEPOSITS> 379,919,625 <SHORT-TERM> 2,000,000 <LIABILITIES-OTHER> 3,703,844 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 4,678,220 <OTHER-SE> 26,823,733 <TOTAL-LIABILITIES-AND-EQUITY> 426,017,932 <INTEREST-LOAN> 20,916,789 <INTEREST-INVEST> 3,334,711 <INTEREST-OTHER> 244,812 <INTEREST-TOTAL> 24,496,312 <INTEREST-DEPOSIT> 10,683,142 <INTEREST-EXPENSE> 10,803,731 <INTEREST-INCOME-NET> 13,692,581 <LOAN-LOSSES> 751,009 <SECURITIES-GAINS> 11,913 <EXPENSE-OTHER> 12,376,638 <INCOME-PRETAX> 5,059,046 <INCOME-PRE-EXTRAORDINARY> 5,059,046 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,324,025 <EPS-PRIMARY> 1.56 <EPS-DILUTED> 1.56 <YIELD-ACTUAL> 0 <LOANS-NON> 0 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 4,270,000 <CHARGE-OFFS> 228,010 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 4,855,536 <ALLOWANCE-DOMESTIC> 0 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0