<ARTICLE> 9 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1997 <CASH> 917,638 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 603,582 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 0 <INVESTMENTS-CARRYING> 920,112 <INVESTMENTS-MARKET> 920,731 <LOANS> 19,637,485 <ALLOWANCE> 343,081 <TOTAL-ASSETS> 26,540,178 <DEPOSITS> 23,475,242 <SHORT-TERM> 950,000 <LIABILITIES-OTHER> 260,226 <LONG-TERM> 9,000 <COMMON> 1,069 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 1,844,641 <TOTAL-LIABILITIES-AND-EQUITY> 24,694,468 <INTEREST-LOAN> 954,104 <INTEREST-INVEST> 48,543 <INTEREST-OTHER> 12,052 <INTEREST-TOTAL> 1,014,699 <INTEREST-DEPOSIT> 612,174 <INTEREST-EXPENSE> 631,184 <INTEREST-INCOME-NET> 383,515 <LOAN-LOSSES> 2,395 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 547,296 <INCOME-PRETAX> 5,870 <INCOME-PRE-EXTRAORDINARY> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 5,870 <EPS-PRIMARY> 0.05 <EPS-DILUTED> 0.00 <YIELD-ACTUAL> .04 <LOANS-NON> 904,000 <LOANS-PAST> 381,000 <LOANS-TROUBLED> 34,000 <LOANS-PROBLEM> 237,334 <ALLOWANCE-OPEN> 352,000 <CHARGE-OFFS> 11,896 <RECOVERIES> 5,000 <ALLOWANCE-CLOSE> 343,081 <ALLOWANCE-DOMESTIC> 0 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0