<ARTICLE> 9 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 886 <INT-BEARING-DEPOSITS> 2,822 <FED-FUNDS-SOLD> 9,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 0 <INVESTMENTS-CARRYING> 225 <INVESTMENTS-MARKET> 225 <LOANS> 425 <ALLOWANCE> 5 <TOTAL-ASSETS> 13,864 <DEPOSITS> 3,031 <SHORT-TERM> 0 <LIABILITIES-OTHER> 167 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 10,815 <OTHER-SE> (149) <TOTAL-LIABILITIES-AND-EQUITY> 13,864 <INTEREST-LOAN> 1 <INTEREST-INVEST> 32 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 33 <INTEREST-DEPOSIT> 4 <INTEREST-EXPENSE> 0 <INTEREST-INCOME-NET> 29 <LOAN-LOSSES> 5 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 105 <INCOME-PRETAX> (81) <INCOME-PRE-EXTRAORDINARY> (81) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (81) <EPS-PRIMARY> (0.08) <EPS-DILUTED> (0.08) <YIELD-ACTUAL> 5.26 <LOANS-NON> 0 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 0 <CHARGE-OFFS> 0 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 5 <ALLOWANCE-DOMESTIC> 0 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 5