<ARTICLE> 9 <RESTATED> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 3,848,037 <INT-BEARING-DEPOSITS> 39,757,989 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 35,986,118 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 733,915,422 <ALLOWANCE> 4,776,799 <TOTAL-ASSETS> 846,142,261 <DEPOSITS> 576,481,390 <SHORT-TERM> 30,477,451 <LIABILITIES-OTHER> 15,253,617 <LONG-TERM> 158,569,360 <COMMON> 48,453,905 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 16,906,538 <TOTAL-LIABILITIES-AND-EQUITY> 846,142,261 <INTEREST-LOAN> 14,338,377 <INTEREST-INVEST> 701,617 <INTEREST-OTHER> 508,380 <INTEREST-TOTAL> 15,548,374 <INTEREST-DEPOSIT> 6,196,215 <INTEREST-EXPENSE> 9,142,614 <INTEREST-INCOME-NET> 6,405,760 <LOAN-LOSSES> 97,500 <SECURITIES-GAINS> 2,362 <EXPENSE-OTHER> 3,990,475 <INCOME-PRETAX> 4,188,645 <INCOME-PRE-EXTRAORDINARY> 4,188,645 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,829,645 <EPS-PRIMARY> 0.34 <EPS-DILUTED> 0.33 <YIELD-ACTUAL> 3.06 <LOANS-NON> 654,181 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 22,787 <ALLOWANCE-OPEN> 4,730,407 <CHARGE-OFFS> 58,226 <RECOVERIES> 7,118 <ALLOWANCE-CLOSE> 4,776,799 <ALLOWANCE-DOMESTIC> 2,030,734 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 2,746,065