<ARTICLE> 9 <MULTIPLIER> 1 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1997 <CASH> 157,408 <INT-BEARING-DEPOSITS> 181,000 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 0 <INVESTMENTS-CARRYING> 1,124,101 <INVESTMENTS-MARKET> 1,123,185 <LOANS> 28,809,051 <ALLOWANCE> 159,000 <TOTAL-ASSETS> 31,037,819 <DEPOSITS> 23,580,129 <SHORT-TERM> 2,500,000 <LIABILITIES-OTHER> 147,806 <LONG-TERM> 0 <COMMON> 3,450 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 4,806,434 <TOTAL-LIABILITIES-AND-EQUITY> 31,037,819 <INTEREST-LOAN> 1,206,251 <INTEREST-INVEST> 49,233 <INTEREST-OTHER> 23,990 <INTEREST-TOTAL> 1,279,474 <INTEREST-DEPOSIT> 610,064 <INTEREST-EXPENSE> 661,003 <INTEREST-INCOME-NET> 618,471 <LOAN-LOSSES> 34,937 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 382,865 <INCOME-PRETAX> 235,146 <INCOME-PRE-EXTRAORDINARY> 154,185 <EXTRAORDINARY> (167,329) <CHANGES> 0 <NET-INCOME> (13,144) <EPS-PRIMARY> (.05) <EPS-DILUTED> (.05) <YIELD-ACTUAL> 3.54 <LOANS-NON> 560,000 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 124,063 <CHARGE-OFFS> 0 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 159,000 <ALLOWANCE-DOMESTIC> 0 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 159,000