<ARTICLE> 9 <MULTIPLIER> 1000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <CASH> 5,493 <INT-BEARING-DEPOSITS> 10,092 <FED-FUNDS-SOLD> 50,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 22,493 <INVESTMENTS-CARRYING> 54,369 <INVESTMENTS-MARKET> 53,898 <LOANS> 139,682 <ALLOWANCE> 1,134 <TOTAL-ASSETS> 286,959 <DEPOSITS> 229,701 <SHORT-TERM> 86 <LIABILITIES-OTHER> 399 <LONG-TERM> 0 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 521 <OTHER-SE> 53,898 <TOTAL-LIABILITIES-AND-EQUITY> 286,959 <INTEREST-LOAN> 8,263 <INTEREST-INVEST> 3,141 <INTEREST-OTHER> 2,401 <INTEREST-TOTAL> 13,805 <INTEREST-DEPOSIT> 6,839 <INTEREST-EXPENSE> 6,900 <INTEREST-INCOME-NET> 6,905 <LOAN-LOSSES> 222 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 4,538 <INCOME-PRETAX> 2,278 <INCOME-PRE-EXTRAORDINARY> 2,278 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,318 <EPS-PRIMARY> (0.02) <EPS-DILUTED> (0.02) <YIELD-ACTUAL> 3.58 <LOANS-NON> 1,486 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 984 <CHARGE-OFFS> 72 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 1,134 <ALLOWANCE-DOMESTIC> 1,134 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0