<ARTICLE> 9 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION DERIVED FROM THE QUARTERLY REPORT ON FORM 10-QSB AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL INFORMATION. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 585 <INT-BEARING-DEPOSITS> 4,386 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 6,101 <INVESTMENTS-CARRYING> 583 <INVESTMENTS-MARKET> 531 <LOANS> 40,391 <ALLOWANCE> 309 <TOTAL-ASSETS> 53,103 <DEPOSITS> 40,069 <SHORT-TERM> 0 <LIABILITIES-OTHER> 661 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 77 <OTHER-SE> 12,296 <TOTAL-LIABILITIES-AND-EQUITY> 53,103 <INTEREST-LOAN> 834 <INTEREST-INVEST> 100 <INTEREST-OTHER> 53 <INTEREST-TOTAL> 987 <INTEREST-DEPOSIT> 481 <INTEREST-EXPENSE> 481 <INTEREST-INCOME-NET> 506 <LOAN-LOSSES> 8 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 284 <INCOME-PRETAX> 254 <INCOME-PRE-EXTRAORDINARY> 254 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 160 <EPS-PRIMARY> .22 <EPS-DILUTED> .22 <YIELD-ACTUAL> 3.93 <LOANS-NON> 242 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 301 <CHARGE-OFFS> 0 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 309 <ALLOWANCE-DOMESTIC> 309 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0