<ARTICLE> 9 <MULTIPLIER> 1 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1997 <CASH> 3,543,034 <INT-BEARING-DEPOSITS> 1,454,996 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 34,395,278 <INVESTMENTS-CARRYING> 21,048,787 <INVESTMENTS-MARKET> 19,688,448 <LOANS> 282,069,422 <ALLOWANCE> 815,539 <TOTAL-ASSETS> 352,438,011 <DEPOSITS> 283,005,220 <SHORT-TERM> 40,143,212 <LIABILITIES-OTHER> 2,388,921 <LONG-TERM> 0 <COMMON> 1,491,698 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 25,408,960 <TOTAL-LIABILITIES-AND-EQUITY> 352,438,011 <INTEREST-LOAN> 10,677,345 <INTEREST-INVEST> 1,992,092 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 12,669,437 <INTEREST-DEPOSIT> 6,366,829 <INTEREST-EXPENSE> 7,587,527 <INTEREST-INCOME-NET> 5,081,910 <LOAN-LOSSES> 60,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 3,476,669 <INCOME-PRETAX> 1,818,229 <INCOME-PRE-EXTRAORDINARY> 1,818,229 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,126,599 <EPS-PRIMARY> 0.71 <EPS-DILUTED> 0.71 <YIELD-ACTUAL> 3.01 <LOANS-NON> 319,909 <LOANS-PAST> 579,178 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 837,539 <CHARGE-OFFS> 52,000 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 815,539 <ALLOWANCE-DOMESTIC> 815,539 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0