<ARTICLE> 9 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 2,404,049 <INT-BEARING-DEPOSITS> 2,586,132 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 12,135,534 <INVESTMENTS-CARRYING> 563,221 <INVESTMENTS-MARKET> 0 <LOANS> 179,204,672 <ALLOWANCE> 1,315,740 <TOTAL-ASSETS> 203,263,086 <DEPOSITS> 122,040,489 <SHORT-TERM> 19,500,000 <LIABILITIES-OTHER> 812,906 <LONG-TERM> 34,397,195 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 21,821 <OTHER-SE> 26,940,675 <TOTAL-LIABILITIES-AND-EQUITY> 203,263,086 <INTEREST-LOAN> 7,350,328 <INTEREST-INVEST> 527,120 <INTEREST-OTHER> 114,429 <INTEREST-TOTAL> 7,991,877 <INTEREST-DEPOSIT> 2,892,609 <INTEREST-EXPENSE> 4,464,579 <INTEREST-INCOME-NET> 3,527,298 <LOAN-LOSSES> 180,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 1,833,883 <INCOME-PRETAX> 1,852,954 <INCOME-PRE-EXTRAORDINARY> 1,130,231 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,130,231 <EPS-PRIMARY> 0.75 <EPS-DILUTED> 0.71 <YIELD-ACTUAL> 0 <LOANS-NON> 0 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 1,194,000 <CHARGE-OFFS> 89,000 <RECOVERIES> (31,000) <ALLOWANCE-CLOSE> 1,315,740 <ALLOWANCE-DOMESTIC> 92,000 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 1,223,740