<ARTICLE> 9 <PERIOD-TYPE> 3-MOS 3-MOS <FISCAL-YEAR-END> DEC-31-1996 DEC-31-1995 <PERIOD-START> JAN-01-1996 JAN-01-1995 <PERIOD-END> MAR-31-1996 MAR-31-1995 <CASH> 11,273,097 13,305,505 <INT-BEARING-DEPOSITS> 0 0 <FED-FUNDS-SOLD> 7,300,000 2,500,000 <TRADING-ASSETS> 0 0 <INVESTMENTS-HELD-FOR-SALE> 56,340,118 63,737,909 <INVESTMENTS-CARRYING> 58,291,919 39,924,078 <INVESTMENTS-MARKET> 57,853,257 41,024,069 <LOANS> 155,191,032 160,433,831 <ALLOWANCE> 6,977,286 7,350,150 <TOTAL-ASSETS> 297,140,206 287,483,252 <DEPOSITS> 252,512,223 252,788,462 <SHORT-TERM> 21,922,446 12,276,415 <LIABILITIES-OTHER> 1,243,320 1,031,315 <LONG-TERM> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 8,303,325 8,303,325 <OTHER-SE> 13,158,892 13,083,735 <TOTAL-LIABILITIES-AND-EQUITY> 297,140,206 287,483,252 <INTEREST-LOAN> 3,641,350 3,467,820 <INTEREST-INVEST> 1,776,963 1,635,471 <INTEREST-OTHER> 43,353 20,385 <INTEREST-TOTAL> 5,461,666 5,123,676 <INTEREST-DEPOSIT> 1,798,024 1,554,336 <INTEREST-EXPENSE> 1,996,795 1,745,428 <INTEREST-INCOME-NET> 3,494,871 3,378,248 <LOAN-LOSSES> 75,000 525,000 <SECURITIES-GAINS> 0 781 <EXPENSE-OTHER> 3,618,429 3,444,534 <INCOME-PRETAX> 889,871 348,782 <INCOME-PRE-EXTRAORDINARY> 889,871 348,782 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 564,871 217,982 <EPS-PRIMARY> .34 .13 <EPS-DILUTED> 0 0 <YIELD-ACTUAL> 0 0 <LOANS-NON> 0 0 <LOANS-PAST> 0 0 <LOANS-TROUBLED> 0 0 <LOANS-PROBLEM> 0 0 <ALLOWANCE-OPEN> 0 0 <CHARGE-OFFS> 0 0 <RECOVERIES> 0 0 <ALLOWANCE-CLOSE> 0 0 <ALLOWANCE-DOMESTIC> 0 0 <ALLOWANCE-FOREIGN> 0 0 <ALLOWANCE-UNALLOCATED> 0 0