<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 1,033,371 <INT-BEARING-DEPOSITS> 4,943,964 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 51,081,965 <INVESTMENTS-CARRYING> 2,982,945 <INVESTMENTS-MARKET> 3,011,496 <LOANS> 127,746,137 <ALLOWANCE> 1,370,466 <TOTAL-ASSETS> 195,729,691 <DEPOSITS> 145,169,659 <SHORT-TERM> 13,230,165 <LIABILITIES-OTHER> 994,692 <LONG-TERM> 16,606,995 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 7,829 <OTHER-SE> 19,720,351 <TOTAL-LIABILITIES-AND-EQUITY> 195,729,691 <INTEREST-LOAN> 2,847,616 <INTEREST-INVEST> 894,408 <INTEREST-OTHER> 34,236 <INTEREST-TOTAL> 3,776,260 <INTEREST-DEPOSIT> 1,442,932 <INTEREST-EXPENSE> 419,110 <INTEREST-INCOME-NET> 1,934,218 <LOAN-LOSSES> 60,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 1,195,968 <INCOME-PRETAX> 1,064,043 <INCOME-PRE-EXTRAORDINARY> 1,064,043 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 687,043 <EPS-PRIMARY> 0.86 <EPS-DILUTED> 0.81 <YIELD-ACTUAL> 4.14 <LOANS-NON> 481,212 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 1,310,365 <CHARGE-OFFS> 0 <RECOVERIES> 101 <ALLOWANCE-CLOSE> 1,370,466 <ALLOWANCE-DOMESTIC> 1,370,466 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0