<ARTICLE> 9 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1999 <CASH> 6,369,784 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 51,266,027 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 243,551,858 <ALLOWANCE> 3,149,129 <TOTAL-ASSETS> 317,577,971 <DEPOSITS> 275,441,715 <SHORT-TERM> 3,000,000 <LIABILITIES-OTHER> 11,532,605 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 24,798 <OTHER-SE> 27,578,853 <TOTAL-LIABILITIES-AND-EQUITY> 27,603,651 <INTEREST-LOAN> 4,614,301 <INTEREST-INVEST> 918,967 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 5,533,268 <INTEREST-DEPOSIT> 2,630,363 <INTEREST-EXPENSE> 2,684,357 <INTEREST-INCOME-NET> 2,848,911 <LOAN-LOSSES> 30,000 <SECURITIES-GAINS> 45,409 <EXPENSE-OTHER> 2,402,884 <INCOME-PRETAX> 1,029,656 <INCOME-PRE-EXTRAORDINARY> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 710,608 <EPS-PRIMARY> 0.34 <EPS-DILUTED> 0.34 <YIELD-ACTUAL> 7.37 <LOANS-NON> 1,058,999 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 3,117,068 <CHARGE-OFFS> 117 <RECOVERIES> 2,178 <ALLOWANCE-CLOSE> 3,149,129 <ALLOWANCE-DOMESTIC> 3,149,129 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0