<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-03-1997 <CASH> 1,355,691 <INT-BEARING-DEPOSITS> 6,815,423 <FED-FUNDS-SOLD> 78,218 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 2,004,225 <INVESTMENTS-CARRYING> 7,604,332 <INVESTMENTS-MARKET> 7,600,077 <LOANS> 85,078,819 <ALLOWANCE> 511,489 <TOTAL-ASSETS> 105,490,960 <DEPOSITS> 66,276,774 <SHORT-TERM> 0 <LIABILITIES-OTHER> 1,408,384 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 26,332,415 <OTHER-SE> 11,473,387 <TOTAL-LIABILITIES-AND-EQUITY> 105,490,960 <INTEREST-LOAN> 1,754,882 <INTEREST-INVEST> 134,335 <INTEREST-OTHER> 221,147 <INTEREST-TOTAL> 2,110,364 <INTEREST-DEPOSIT> 826,304 <INTEREST-EXPENSE> 826,304 <INTEREST-INCOME-NET> 1,284,060 <LOAN-LOSSES> 15,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 450,488 <INCOME-PRETAX> 852,757 <INCOME-PRE-EXTRAORDINARY> 852,757 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 525,991 <EPS-PRIMARY> .29 <EPS-DILUTED> .29 <YIELD-ACTUAL> 5.02 <LOANS-NON> 0 <LOANS-PAST> 191,150 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 511,489 <CHARGE-OFFS> 1,072 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 525,417 <ALLOWANCE-DOMESTIC> 0 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 525,417