<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 5,975,710 <INT-BEARING-DEPOSITS> 157,333,492 <FED-FUNDS-SOLD> 16,305,597 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 58,703,450 <INVESTMENTS-CARRYING> 58,379,145 <INVESTMENTS-MARKET> 58,703,450 <LOANS> 103,961,157 <ALLOWANCE> (910,493) <TOTAL-ASSETS> 194,412,160 <DEPOSITS> 175,796,882 <SHORT-TERM> 0 <LIABILITIES-OTHER> 931,068 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 5,775,435 <OTHER-SE> 13,066,111 <TOTAL-LIABILITIES-AND-EQUITY> 18,841,546 <INTEREST-LOAN> 2,352,341 <INTEREST-INVEST> 700,655 <INTEREST-OTHER> 244,564 <INTEREST-TOTAL> 3,297,556 <INTEREST-DEPOSIT> 1,737,100 <INTEREST-EXPENSE> 0 <INTEREST-INCOME-NET> 1,560,456 <LOAN-LOSSES> 45,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 1,364,602 <INCOME-PRETAX> 441,763 <INCOME-PRE-EXTRAORDINARY> 441,763 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 361,763 <EPS-PRIMARY> .43 <EPS-DILUTED> .43 <YIELD-ACTUAL> 5.21 <LOANS-NON> 347,224 <LOANS-PAST> 1,412,603 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 860,709 <CHARGE-OFFS> 3,055 <RECOVERIES> 10,637 <ALLOWANCE-CLOSE> 910,493 <ALLOWANCE-DOMESTIC> 910,493 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0