<ARTICLE> 9 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> JUN-30-1997 <CASH> 3,642,067 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 2,850,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 22,667,297 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 88,123,703 <ALLOWANCE> 894,762 <TOTAL-ASSETS> 124,606,904 <DEPOSITS> 108,110,983 <SHORT-TERM> 1,130,000 <LIABILITIES-OTHER> 2,111,070 <LONG-TERM> 76,924 <PREFERRED-MANDATORY> 2,446,200 <PREFERRED> 0 <COMMON> 2,782,625 <OTHER-SE> 7,949,102 <TOTAL-LIABILITIES-AND-EQUITY> 124,606,904 <INTEREST-LOAN> 4,639,585 <INTEREST-INVEST> 647,311 <INTEREST-OTHER> 113,497 <INTEREST-TOTAL> 5,400,393 <INTEREST-DEPOSIT> 2,441,187 <INTEREST-EXPENSE> 3,704 <INTEREST-INCOME-NET> 2,955,502 <LOAN-LOSSES> 35,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 2,175,147 <INCOME-PRETAX> 1,287,390 <INCOME-PRE-EXTRAORDINARY> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 785,162 <EPS-PRIMARY> 1.24 <EPS-DILUTED> 0 <YIELD-ACTUAL> 5.46 <LOANS-NON> 168,000 <LOANS-PAST> 198,000 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 882,000 <CHARGE-OFFS> 32,000 <RECOVERIES> 10,000 <ALLOWANCE-CLOSE> 895,000 <ALLOWANCE-DOMESTIC> 895,000 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0