<ARTICLE> 9 <LEGEND> This schedule contains summary financial information extracted from the Balance Sheet, and Statement of Income, and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> MAR-31-1995 <CASH> 11,968,347 <INT-BEARING-DEPOSITS> 102,647 <FED-FUNDS-SOLD> 6,612,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 1,469,688 <INVESTMENTS-CARRYING> 8,530,276 <INVESTMENTS-MARKET> 8,407,000 <LOANS> 53,231,237 <ALLOWANCE> (1,553,555) <TOTAL-ASSETS> 82,647,932 <DEPOSITS> 74,873,783 <SHORT-TERM> 0 <LIABILITIES-OTHER> 561,105 <LONG-TERM> 0 <COMMON> 3,921,584 <PREFERRED-MANDATORY> 0 <PREFERRED> 103,000 <OTHER-SE> 3,188,460 <TOTAL-LIABILITIES-AND-EQUITY> 82,647,932 <INTEREST-LOAN> 1,532,225 <INTEREST-INVEST> 141,103 <INTEREST-OTHER> 68,241 <INTEREST-TOTAL> 1,741,569 <INTEREST-DEPOSIT> 472,178 <INTEREST-EXPENSE> 472,178 <INTEREST-INCOME-NET> 1,269,391 <LOAN-LOSSES> 45,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 1,326,482 <INCOME-PRETAX> 434,068 <INCOME-PRE-EXTRAORDINARY> 258,068 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 258,068 <EPS-PRIMARY> .29 <EPS-DILUTED> .29 <YIELD-ACTUAL> 7.43 <LOANS-NON> 250,006 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 1,505,355 <CHARGE-OFFS> 0 <RECOVERIES> 3,200 <ALLOWANCE-CLOSE> 1,553,555 <ALLOWANCE-DOMESTIC> 1,553,555 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0