<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 1,163,203 <INT-BEARING-DEPOSITS> 99,000 <FED-FUNDS-SOLD> 2,260,877 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 0 <INVESTMENTS-CARRYING> 200,660 <INVESTMENTS-MARKET> 201,808 <LOANS> 21,372,452 <ALLOWANCE> 448,936 <TOTAL-ASSETS> 29,616,226 <DEPOSITS> 27,248,948 <SHORT-TERM> 0 <LIABILITIES-OTHER> (2,311) <LONG-TERM> 18,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 701,274 <OTHER-SE> 1,514,739 <TOTAL-LIABILITIES-AND-EQUITY> 29,616,226 <INTEREST-LOAN> 530,975 <INTEREST-INVEST> 37,539 <INTEREST-OTHER> 23,858 <INTEREST-TOTAL> 592,372 <INTEREST-DEPOSIT> 348,479 <INTEREST-EXPENSE> 358,913 <INTEREST-INCOME-NET> 233,459 <LOAN-LOSSES> 1,710 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 280,658 <INCOME-PRETAX> 33,351 <INCOME-PRE-EXTRAORDINARY> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 18,925 <EPS-PRIMARY> 0.18 <EPS-DILUTED> 0 <YIELD-ACTUAL> 2.38 <LOANS-NON> 423,000 <LOANS-PAST> 1,060,000 <LOANS-TROUBLED> 76,000 <LOANS-PROBLEM> 3,291,000 <ALLOWANCE-OPEN> 447,000 <CHARGE-OFFS> 0 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 449,000 <ALLOWANCE-DOMESTIC> 449,000 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0