<ARTICLE> 9 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> DEC-31-1996 <CASH> 21,332,328 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 42,924,649 <INVESTMENTS-CARRYING> 9,456,437 <INVESTMENTS-MARKET> 9,417,689 <LOANS> 392,305,248 <ALLOWANCE> 7,330,676 <TOTAL-ASSETS> 478,048,306 <DEPOSITS> 408,721,697 <SHORT-TERM> 3,272,000 <LIABILITIES-OTHER> 4,523,533 <LONG-TERM> 15,805,740 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 4,514,850 <OTHER-SE> 41,265,949 <TOTAL-LIABILITIES-AND-EQUITY> 478,048,306 <INTEREST-LOAN> 35,493,233 <INTEREST-INVEST> 3,622,297 <INTEREST-OTHER> 513,326 <INTEREST-TOTAL> 39,628,856 <INTEREST-DEPOSIT> 15,177,803 <INTEREST-EXPENSE> 15,824,520 <INTEREST-INCOME-NET> 23,804,336 <LOAN-LOSSES> 2,973,193 <SECURITIES-GAINS> (3,488) <EXPENSE-OTHER> 14,796,422 <INCOME-PRETAX> 9,333,883 <INCOME-PRE-EXTRAORDINARY> 9,333,883 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 5,963,262 <EPS-PRIMARY> 13.28 <EPS-DILUTED> 0 <YIELD-ACTUAL> 9.45 <LOANS-NON> 616,000 <LOANS-PAST> 1,486,000 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 5,085,670 <ALLOWANCE-OPEN> 4,654,234 <CHARGE-OFFS> 1,625,000 <RECOVERIES> 888,249 <ALLOWANCE-CLOSE> 7,330,676 <ALLOWANCE-DOMESTIC> 7,330,676 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0