<ARTICLE> 9 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <CASH> 1,516,158 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 2,140,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 4,338,702 <INVESTMENTS-CARRYING> 4,152,239 <INVESTMENTS-MARKET> 4,206,212 <LOANS> 57,791,924 <ALLOWANCE> (275,837) <TOTAL-ASSETS> 73,027,419 <DEPOSITS> 56,187,711 <SHORT-TERM> 1,000,000 <LIABILITIES-OTHER> 1,290,486 <LONG-TERM> 8,176,936 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,643 <OTHER-SE> 6,369,643 <TOTAL-LIABILITIES-AND-EQUITY> 73,027,419 <INTEREST-LOAN> 3,384,763 <INTEREST-INVEST> 623,646 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 4,008,409 <INTEREST-DEPOSIT> 1,805,423 <INTEREST-EXPENSE> 449,470 <INTEREST-INCOME-NET> 1,753,516 <LOAN-LOSSES> 43,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 1,522,409 <INCOME-PRETAX> 467,095 <INCOME-PRE-EXTRAORDINARY> 467,095 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 286,345 <EPS-PRIMARY> 0.39 <EPS-DILUTED> 0.37 <YIELD-ACTUAL> 3.35 <LOANS-NON> 344,000 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 276,300 <CHARGE-OFFS> 43,463 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 275,837 <ALLOWANCE-DOMESTIC> 275,837 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0