<ARTICLE> 9 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 7,844 <INT-BEARING-DEPOSITS> 1,027 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 29,793 <INVESTMENTS-CARRYING> 45,927 <INVESTMENTS-MARKET> 47,686 <LOANS> 156,978 <ALLOWANCE> 2,233 <TOTAL-ASSETS> 278,106 <DEPOSITS> 231,513 <SHORT-TERM> 9,336 <LIABILITIES-OTHER> 4,864 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,916 <OTHER-SE> 0 <TOTAL-LIABILITIES-AND-EQUITY> 278,106 <INTEREST-LOAN> 14,656 <INTEREST-INVEST> 5,107 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 19,763 <INTEREST-DEPOSIT> 7,674 <INTEREST-EXPENSE> 8,002 <INTEREST-INCOME-NET> 11,761 <LOAN-LOSSES> 330,000 <SECURITIES-GAINS> (7) <EXPENSE-OTHER> 11,531 <INCOME-PRETAX> 6,551 <INCOME-PRE-EXTRAORDINARY> 6,551 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,937 <EPS-PRIMARY> 2.50 <EPS-DILUTED> 2.50 <YIELD-ACTUAL> 8.57 <LOANS-NON> 497 <LOANS-PAST> 768 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 1,927 <CHARGE-OFFS> 27 <RECOVERIES> 4 <ALLOWANCE-CLOSE> 2,233 <ALLOWANCE-DOMESTIC> 2,233 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0