<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 10,970,691 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 12,050,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 22,392,541 <INVESTMENTS-CARRYING> 23,705,629 <INVESTMENTS-MARKET> 23,872,025 <LOANS> 87,755,031 <ALLOWANCE> 1,059,911 <TOTAL-ASSETS> 162,808,839 <DEPOSITS> 148,643,238 <SHORT-TERM> 1,612,368 <LIABILITIES-OTHER> 814,847 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 5,272,180 <OTHER-SE> 6,466,206 <TOTAL-LIABILITIES-AND-EQUITY> 162,808,839 <INTEREST-LOAN> 1,883,389 <INTEREST-INVEST> 589,097 <INTEREST-OTHER> 135,827 <INTEREST-TOTAL> 2,608,313 <INTEREST-DEPOSIT> 842,837 <INTEREST-EXPENSE> 864,236 <INTEREST-INCOME-NET> 1,744,077 <LOAN-LOSSES> 105,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 1,877,659 <INCOME-PRETAX> 209,171 <INCOME-PRE-EXTRAORDINARY> 209,171 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 165,576 <EPS-PRIMARY> 0.16 <EPS-DILUTED> 0.14 <YIELD-ACTUAL> 5.22 <LOANS-NON> 880,000 <LOANS-PAST> 154,000 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 973,991 <CHARGE-OFFS> 24,051 <RECOVERIES> 4,971 <ALLOWANCE-CLOSE> 1,059,911 <ALLOWANCE-DOMESTIC> 1,059,911 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0