<ARTICLE> 9 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 3,656,878 <INT-BEARING-DEPOSITS> 7,493,223 <FED-FUNDS-SOLD> 4,400,000 <TRADING-ASSETS> 1,217,425 <INVESTMENTS-HELD-FOR-SALE> 0 <INVESTMENTS-CARRYING> 53,932,193 <INVESTMENTS-MARKET> 53,983,896 <LOANS> 236,584,453 <ALLOWANCE> 0 <TOTAL-ASSETS> 309,069,787 <DEPOSITS> 254,752,906 <SHORT-TERM> 0 <LIABILITIES-OTHER> 6,284,650 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 35,195 <OTHER-SE> 47,997,036 <TOTAL-LIABILITIES-AND-EQUITY> 309,069,787 <INTEREST-LOAN> 14,522,278 <INTEREST-INVEST> 2,996,546 <INTEREST-OTHER> 106,752 <INTEREST-TOTAL> 17,625,576 <INTEREST-DEPOSIT> 9,374,294 <INTEREST-EXPENSE> 0 <INTEREST-INCOME-NET> 8,251,282 <LOAN-LOSSES> 0 <SECURITIES-GAINS> 309,301 <EXPENSE-OTHER> 3,680,655 <INCOME-PRETAX> 5,519,281 <INCOME-PRE-EXTRAORDINARY> 5,519,281 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,503,281 <EPS-PRIMARY> 1.30 <EPS-DILUTED> 1.29 <YIELD-ACTUAL> 3.63 <LOANS-NON> 635,000 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 882,800 <CHARGE-OFFS> 0 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 882,800 <ALLOWANCE-DOMESTIC> 175,000 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 707,800