<ARTICLE> 9 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 10,852,186 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 7,300,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 15,950,261 <INVESTMENTS-CARRYING> 21,959,122 <INVESTMENTS-MARKET> 22,120,512 <LOANS> 88,519,424 <ALLOWANCE> 973,991 <TOTAL-ASSETS> 150,671,415 <DEPOSITS> 136,756,802 <SHORT-TERM> 1,596,498 <LIABILITIES-OTHER> 733,503 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 5,189,565 <OTHER-SE> 6,395,047 <TOTAL-LIABILITIES-AND-EQUITY> 11,584,612 <INTEREST-LOAN> 6,919,669 <INTEREST-INVEST> 2,392,362 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 9,312,031 <INTEREST-DEPOSIT> 2,996,312 <INTEREST-EXPENSE> 2,996,312 <INTEREST-INCOME-NET> 6,315,719 <LOAN-LOSSES> 590,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 6,268,788 <INCOME-PRETAX> 757,097 <INCOME-PRE-EXTRAORDINARY> 757,097 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 630,334 <EPS-PRIMARY> 0.61 <EPS-DILUTED> 0.57 <YIELD-ACTUAL> 5.44 <LOANS-NON> 657,000 <LOANS-PAST> 146,000 <LOANS-TROUBLED> 83,000 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 738,353 <CHARGE-OFFS> 400,308 <RECOVERIES> 45,946 <ALLOWANCE-CLOSE> 973,991 <ALLOWANCE-DOMESTIC> 973,991 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0