<ARTICLE> 9 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 485,471 <INT-BEARING-DEPOSITS> 5,054,233 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 32,234,461 <INVESTMENTS-CARRYING> 6,825,657 <INVESTMENTS-MARKET> 7,005,664 <LOANS> 40,210,594 <ALLOWANCE> 412,657 <TOTAL-ASSETS> 86,549,421 <DEPOSITS> 45,594,270 <SHORT-TERM> 12,483,000 <LIABILITIES-OTHER> 26,723,535 <LONG-TERM> 13,139,867 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 149,500 <OTHER-SE> 14,082,116 <TOTAL-LIABILITIES-AND-EQUITY> 86,549,421 <INTEREST-LOAN> 1,731,371 <INTEREST-INVEST> 1,379,764 <INTEREST-OTHER> 46,634 <INTEREST-TOTAL> 3,157,769 <INTEREST-DEPOSIT> 1,026,471 <INTEREST-EXPENSE> 1,814,891 <INTEREST-INCOME-NET> 1,342,878 <LOAN-LOSSES> 0 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 94,480 <INCOME-PRETAX> 653,588 <INCOME-PRE-EXTRAORDINARY> 458,988 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 458,988 <EPS-PRIMARY> 0.39 <EPS-DILUTED> 0.37 <YIELD-ACTUAL> 3.14 <LOANS-NON> 0 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 109,474 <ALLOWANCE-OPEN> 412,584 <CHARGE-OFFS> 0 <RECOVERIES> 67 <ALLOWANCE-CLOSE> 412,651 <ALLOWANCE-DOMESTIC> 0 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 412,651