<ARTICLE> 9 <LEGEND> THIS LEGEND CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE FORM 10-Q AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 2,359,737 <INT-BEARING-DEPOSITS> 3,014,866 <FED-FUNDS-SOLD> 2,200,000 <TRADING-ASSETS> 488,993 <INVESTMENTS-HELD-FOR-SALE> 15,880,318 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 69,373,459 <ALLOWANCE> 349,530 <TOTAL-ASSETS> 93,642,988 <DEPOSITS> 67,572,713 <SHORT-TERM> 9,500,000 <LIABILITIES-OTHER> 1,310,436 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 11,241 <OTHER-SE> 15,248,598 <TOTAL-LIABILITIES-AND-EQUITY> 93,642,988 <INTEREST-LOAN> 1,422,391 <INTEREST-INVEST> 269,242 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 1,691,633 <INTEREST-DEPOSIT> 700,532 <INTEREST-EXPENSE> 836,898 <INTEREST-INCOME-NET> 854,735 <LOAN-LOSSES> 5,155 <SECURITIES-GAINS> 61,493 <EXPENSE-OTHER> 629,787 <INCOME-PRETAX> 378,354 <INCOME-PRE-EXTRAORDINARY> 378,354 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 234,547 <EPS-PRIMARY> 0.24 <EPS-DILUTED> 0.24 <YIELD-ACTUAL> 4.00 <LOANS-NON> 545,000 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 354,631 <CHARGE-OFFS> 10,256 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 349,530 <ALLOWANCE-DOMESTIC> 349,530 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0