<ARTICLE> 9 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 15,686,520 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 14,500,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 58,199,292 <INVESTMENTS-CARRYING> 20,921,254 <INVESTMENTS-MARKET> 21,282,941 <LOANS> 218,230,037 <ALLOWANCE> 3,569,282 <TOTAL-ASSETS> 340,354,720 <DEPOSITS> 303,785,865 <SHORT-TERM> 42,329 <LIABILITIES-OTHER> 1,495,697 <LONG-TERM> 5,323,444 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 34,464 <OTHER-SE> 29,672,921 <TOTAL-LIABILITIES-AND-EQUITY> 340,354,720 <INTEREST-LOAN> 19,754,777 <INTEREST-INVEST> 3,916,151 <INTEREST-OTHER> 635,688 <INTEREST-TOTAL> 24,306,616 <INTEREST-DEPOSIT> 10,509,873 <INTEREST-EXPENSE> 10,711,345 <INTEREST-INCOME-NET> 13,595,271 <LOAN-LOSSES> 600,000 <SECURITIES-GAINS> 382,370 <EXPENSE-OTHER> 8,984,181 <INCOME-PRETAX> 5,579,202 <INCOME-PRE-EXTRAORDINARY> 5,579,202 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,363,042 <EPS-PRIMARY> 0.99 <EPS-DILUTED> 0.98 <YIELD-ACTUAL> 4.70 <LOANS-NON> 3,331,417 <LOANS-PAST> 317,472 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 3,693,865 <CHARGE-OFFS> 792,307 <RECOVERIES> 67,724 <ALLOWANCE-CLOSE> 3,569,282 <ALLOWANCE-DOMESTIC> 3,569,282 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0