<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 4,882,814 <INT-BEARING-DEPOSITS> 4,238,768 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 53,905,774 <INVESTMENTS-CARRYING> 1,592,373 <INVESTMENTS-MARKET> 1,618,469 <LOANS> 114,470,626 <ALLOWANCE> 1,180,145 <TOTAL-ASSETS> 181,972,531 <DEPOSITS> 137,633,358 <SHORT-TERM> 12,509,545 <LIABILITIES-OTHER> 1,828,000 <LONG-TERM> 12,431,748 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 7,550 <OTHER-SE> 17,562,329 <TOTAL-LIABILITIES-AND-EQUITY> 181,972,531 <INTEREST-LOAN> 2,612,717 <INTEREST-INVEST> 224,965 <INTEREST-OTHER> 738,747 <INTEREST-TOTAL> 3,576,429 <INTEREST-DEPOSIT> 1,409,647 <INTEREST-EXPENSE> 1,733,631 <INTEREST-INCOME-NET> 1,842,798 <LOAN-LOSSES> 60,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 1,129,762 <INCOME-PRETAX> 924,009 <INCOME-PRE-EXTRAORDINARY> 924,009 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 576,309 <EPS-PRIMARY> 0.70 <EPS-DILUTED> 0.70 <YIELD-ACTUAL> 4.21 <LOANS-NON> 500,000 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 1,120,102 <CHARGE-OFFS> 0 <RECOVERIES> 43 <ALLOWANCE-CLOSE> 1,180,145 <ALLOWANCE-DOMESTIC> 1,180,145 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0