<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1998 <CASH> 359,484 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 4,265,946 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 21,925,909 <INVESTMENTS-CARRYING> 8,254,419 <INVESTMENTS-MARKET> 8,289,531 <LOANS> 59,565,174 <ALLOWANCE> 501,437 <TOTAL-ASSETS> 97,563,523 <DEPOSITS> 72,400,063 <SHORT-TERM> 0 <LIABILITIES-OTHER> 1,086,519 <LONG-TERM> 720,102 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 14,547 <OTHER-SE> 23,342,292 <TOTAL-LIABILITIES-AND-EQUITY> 97,563,523 <INTEREST-LOAN> 1,130,735 <INTEREST-INVEST> 557,824 <INTEREST-OTHER> 48,128 <INTEREST-TOTAL> 1,736,687 <INTEREST-DEPOSIT> 710,036 <INTEREST-EXPENSE> 726,993 <INTEREST-INCOME-NET> 1,009,694 <LOAN-LOSSES> 0 <SECURITIES-GAINS> 97,852 <EXPENSE-OTHER> 635,610 <INCOME-PRETAX> 536,274 <INCOME-PRE-EXTRAORDINARY> 536,274 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 348,274 <EPS-PRIMARY> .25 <EPS-DILUTED> .25 <YIELD-ACTUAL> 7.39 <LOANS-NON> 0 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 501,437 <CHARGE-OFFS> 0 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 501,437 <ALLOWANCE-DOMESTIC> 307,317 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 194,120