<ARTICLE> 9 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> JUN-30-1997 <CASH> 326,446 <INT-BEARING-DEPOSITS> 1,503,251 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 453,750 <INVESTMENTS-CARRYING> 2,195,340 <INVESTMENTS-MARKET> 2,187,457 <LOANS> 55,406,496 <ALLOWANCE> 113,000 <TOTAL-ASSETS> 60,812,402 <DEPOSITS> 42,213,487 <SHORT-TERM> 3,000,000 <LIABILITIES-OTHER> 793,851 <LONG-TERM> 233,308 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 10,000 <OTHER-SE> 14,561,756 <TOTAL-LIABILITIES-AND-EQUITY> 60,812,402 <INTEREST-LOAN> 2,154,929 <INTEREST-INVEST> 81,870 <INTEREST-OTHER> 31,011 <INTEREST-TOTAL> 2,267,810 <INTEREST-DEPOSIT> 1,079,667 <INTEREST-EXPENSE> 1,143,825 <INTEREST-INCOME-NET> 1,123,985 <LOAN-LOSSES> 6,000 <SECURITIES-GAINS> 420,575 <EXPENSE-OTHER> 540,735 <INCOME-PRETAX> 1,027,094 <INCOME-PRE-EXTRAORDINARY> 1,027,094 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 677,882 <EPS-PRIMARY> .77 <EPS-DILUTED> .77 <YIELD-ACTUAL> 3.77 <LOANS-NON> 113,000 <LOANS-PAST> 379,000 <LOANS-TROUBLED> 272,000 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 113,000 <CHARGE-OFFS> 0 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 113,000 <ALLOWANCE-DOMESTIC> 113,000 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0