<ARTICLE> 9 <LEGEND> See Notes to Consolidated Financial Statements </LEGEND> <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 8,233,120 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 150,839,464 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 65,764,392 <ALLOWANCE> 1,191,171 <TOTAL-ASSETS> 235,191,123 <DEPOSITS> 179,925,727 <SHORT-TERM> 20,988,975 <LIABILITIES-OTHER> 4,769,686 <LONG-TERM> 680,556 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 22,021 <OTHER-SE> 28,804,158 <TOTAL-LIABILITIES-AND-EQUITY> 235,191,123 <INTEREST-LOAN> 6,058,873 <INTEREST-INVEST> 12,091,162 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 18,150,035 <INTEREST-DEPOSIT> 6,579,787 <INTEREST-EXPENSE> 8,067,078 <INTEREST-INCOME-NET> 10,082,957 <LOAN-LOSSES> 78,000 <SECURITIES-GAINS> (105,675) <EXPENSE-OTHER> 5,657,778 <INCOME-PRETAX> 5,782,419 <INCOME-PRE-EXTRAORDINARY> 5,782,419 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,262,719 <EPS-PRIMARY> 1.99 <EPS-DILUTED> 1.99 <YIELD-ACTUAL> 5.04 <LOANS-NON> 852,447 <LOANS-PAST> 1,122,112 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 2,118,976 <ALLOWANCE-OPEN> 1,201,642 <CHARGE-OFFS> 202,599 <RECOVERIES> 114,128 <ALLOWANCE-CLOSE> 1,191,171 <ALLOWANCE-DOMESTIC> 1,191,171 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0