<ARTICLE> 9 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <CASH> 376,802 <INT-BEARING-DEPOSITS> 3,290,356 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 31,754,775 <INVESTMENTS-CARRYING> 6,247,982 <INVESTMENTS-MARKET> 6,418,808 <LOANS> 43,404,030 <ALLOWANCE> 4,112,651 <TOTAL-ASSETS> 86,714,526 <DEPOSITS> 44,752,974 <SHORT-TERM> 12,483,000 <LIABILITIES-OTHER> 27,447,535 <LONG-TERM> 13,139,867 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 149,500 <OTHER-SE> 14,364,517 <TOTAL-LIABILITIES-AND-EQUITY> 86,714,526 <INTEREST-LOAN> 2,584,312 <INTEREST-INVEST> 2,012,038 <INTEREST-OTHER> 60,642 <INTEREST-TOTAL> 4,656,992 <INTEREST-DEPOSIT> 1,539,832 <INTEREST-EXPENSE> 2,676,281 <INTEREST-INCOME-NET> 1,980,711 <LOAN-LOSSES> 0 <SECURITIES-GAINS> 35,402 <EXPENSE-OTHER> 1,167,147 <INCOME-PRETAX> 1,000,404 <INCOME-PRE-EXTRAORDINARY> 705,104 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 705,104 <EPS-PRIMARY> 0.60 <EPS-DILUTED> 0.56 <YIELD-ACTUAL> 3.14 <LOANS-NON> 0 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 117,124 <ALLOWANCE-OPEN> 412,651 <CHARGE-OFFS> 1,622 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 411,029 <ALLOWANCE-DOMESTIC> 0 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 411,029