<ARTICLE> 9 <RESTATED> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 8,893,182 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 300,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 14,806,496 <INVESTMENTS-CARRYING> 20,400,175 <INVESTMENTS-MARKET> 20,262,524 <LOANS> 73,867,238 <ALLOWANCE> 732,478 <TOTAL-ASSETS> 122,915,110 <DEPOSITS> 110,273,137 <SHORT-TERM> 902,174 <LIABILITIES-OTHER> 837,913 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 4,944,870 <OTHER-SE> 5,957,016 <TOTAL-LIABILITIES-AND-EQUITY> 122,915,110 <INTEREST-LOAN> 1,611,292 <INTEREST-INVEST> 531,898 <INTEREST-OTHER> 33,696 <INTEREST-TOTAL> 2,176,886 <INTEREST-DEPOSIT> 678,887 <INTEREST-EXPENSE> 689,512 <INTEREST-INCOME-NET> 1,487,374 <LOAN-LOSSES> 75,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 1,419,198 <INCOME-PRETAX> 207,209 <INCOME-PRE-EXTRAORDINARY> 207,209 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 140,696 <EPS-PRIMARY> 0.14 <EPS-DILUTED> 0.13 <YIELD-ACTUAL> 5.57 <LOANS-NON> 518,000 <LOANS-PAST> 120,000 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 738,353 <CHARGE-OFFS> 85,427 <RECOVERIES> 4,552 <ALLOWANCE-CLOSE> 732,478 <ALLOWANCE-DOMESTIC> 732,478 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0