<ARTICLE> 9 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 4,420,714 <INT-BEARING-DEPOSITS> 17,552,018 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 49,416,738 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 756,595,253 <ALLOWANCE> 4,640,343 <TOTAL-ASSETS> 859,961,768 <DEPOSITS> 555,766,519 <SHORT-TERM> 64,000,378 <LIABILITIES-OTHER> 14,463,167 <LONG-TERM> 159,460,296 <COMMON> 48,460,996 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 17,810,412 <TOTAL-LIABILITIES-AND-EQUITY> 859,961,768 <INTEREST-LOAN> 14,699,198 <INTEREST-INVEST> 828,007 <INTEREST-OTHER> 351,769 <INTEREST-TOTAL> 15,878,974 <INTEREST-DEPOSIT> 6,180,450 <INTEREST-EXPENSE> 9,413,132 <INTEREST-INCOME-NET> 6,465,842 <LOAN-LOSSES> 90,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 3,865,265 <INCOME-PRETAX> 4,138,181 <INCOME-PRE-EXTRAORDINARY> 4,138,181 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,801,181 <EPS-PRIMARY> 0.53 <EPS-DILUTED> 0.53 <YIELD-ACTUAL> 3.16 <LOANS-NON> 1,383,882 <LOANS-PAST> 40,703 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 25,636 <ALLOWANCE-OPEN> 4,540,307 <CHARGE-OFFS> 16,973 <RECOVERIES> 27,009 <ALLOWANCE-CLOSE> 4,640,343 <ALLOWANCE-DOMESTIC> 4,259,271 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 381,072