<ARTICLE> 9 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 945048 <INT-BEARING-DEPOSITS> 4705584 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 33714412 <INVESTMENTS-CARRYING> 22863339 <INVESTMENTS-MARKET> 23109067 <LOANS> 44544567 <ALLOWANCE> 200000 <TOTAL-ASSETS> 105539729 <DEPOSITS> 68145948 <SHORT-TERM> 0 <LIABILITIES-OTHER> 1483832 <LONG-TERM> 710200 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 25921 <OTHER-SE> 40173828 <TOTAL-LIABILITIES-AND-EQUITY> 110539729 <INTEREST-LOAN> 2748973 <INTEREST-INVEST> 2619204 <INTEREST-OTHER> 392852 <INTEREST-TOTAL> 5761029 <INTEREST-DEPOSIT> 2245760 <INTEREST-EXPENSE> 2327398 <INTEREST-INCOME-NET> 3433631 <LOAN-LOSSES> 19895 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 2049208 <INCOME-PRETAX> 1987353 <INCOME-PRE-EXTRAORDINARY> 1987353 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1203976 <EPS-PRIMARY> 0.50 <EPS-DILUTED> 0.50 <YIELD-ACTUAL> 4.35 <LOANS-NON> 0 <LOANS-PAST> 56320 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 200000 <CHARGE-OFFS> 19895 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 200000 <ALLOWANCE-DOMESTIC> 200000 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0