<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 4,772,253 <INT-BEARING-DEPOSITS> 950,417 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 146,105,962 <INVESTMENTS-CARRYING> 30,509,906 <INVESTMENTS-MARKET> 30,306,021 <LOANS> 210,942,972 <ALLOWANCE> 2,251,907 <TOTAL-ASSETS> 411,213,357 <DEPOSITS> 273,852,079 <SHORT-TERM> 47,404,955 <LIABILITIES-OTHER> 3,802,457 <LONG-TERM> 45,875,992 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 24,598 <OTHER-SE> 40,253,276 <TOTAL-LIABILITIES-AND-EQUITY> 411,213,357 <INTEREST-LOAN> 4,117,639 <INTEREST-INVEST> 3,088,677 <INTEREST-OTHER> 19,801 <INTEREST-TOTAL> 7,226,117 <INTEREST-DEPOSIT> 3,337,990 <INTEREST-EXPENSE> 4,571,382 <INTEREST-INCOME-NET> 2,654,735 <LOAN-LOSSES> 60,000 <SECURITIES-GAINS> (5,835) <EXPENSE-OTHER> 2,037,515 <INCOME-PRETAX> 911,203 <INCOME-PRE-EXTRAORDINARY> 504,403 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 504,403 <EPS-PRIMARY> 0.24 <EPS-DILUTED> 0.23 <YIELD-ACTUAL> 7.52 <LOANS-NON> 4,474,000 <LOANS-PAST> 0 <LOANS-TROUBLED> 2,156,000 <LOANS-PROBLEM> 645,614 <ALLOWANCE-OPEN> 2,237,804 <CHARGE-OFFS> 53,929 <RECOVERIES> 8,032 <ALLOWANCE-CLOSE> 2,251,907 <ALLOWANCE-DOMESTIC> 420,967 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 1,830,940