<ARTICLE> 9 <MULTIPLIER> 1 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 7,585,246 <INT-BEARING-DEPOSITS> 953,000 <FED-FUNDS-SOLD> 24,375,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 4,697,773 <INVESTMENTS-CARRYING> 91,176,193 <INVESTMENTS-MARKET> 91,003,036 <LOANS> 205,768,921 <ALLOWANCE> 9,123,373 <TOTAL-ASSETS> 344,355,659 <DEPOSITS> 244,096,810 <SHORT-TERM> 0 <LIABILITIES-OTHER> 12,015,335 <LONG-TERM> 1,701,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 13,451,202 <OTHER-SE> 72,171,353 <TOTAL-LIABILITIES-AND-EQUITY> 344,038,018 <INTEREST-LOAN> 5,483,171 <INTEREST-INVEST> 1,951,570 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 7,434,741 <INTEREST-DEPOSIT> 2,406,459 <INTEREST-EXPENSE> 2,463,617 <INTEREST-INCOME-NET> 4,971,124 <LOAN-LOSSES> 0 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 2,607,766 <INCOME-PRETAX> 2,864,361 <INCOME-PRE-EXTRAORDINARY> 2,864,361 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,114,124 <EPS-PRIMARY> .26 <EPS-DILUTED> .26 <YIELD-ACTUAL> 5.10 <LOANS-NON> 4,368,704 <LOANS-PAST> 2,009,588 <LOANS-TROUBLED> 588,013 <LOANS-PROBLEM> 1,686,456 <ALLOWANCE-OPEN> 9,084,153 <CHARGE-OFFS> 36,336 <RECOVERIES> 75,556 <ALLOWANCE-CLOSE> 9,123,373 <ALLOWANCE-DOMESTIC> 0 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0