<ARTICLE> 9 <LEGEND> The schedule contains summary financial information extracted from the Form 10-Q and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 3,190,286 <INT-BEARING-DEPOSITS> 20,928,739 <FED-FUNDS-SOLD> 4,438,487 <TRADING-ASSETS> 2,058,148 <INVESTMENTS-HELD-FOR-SALE> 0 <INVESTMENTS-CARRYING> 44,068,908 <INVESTMENTS-MARKET> 44,056,875 <LOANS> 243,462,827 <ALLOWANCE> 902,800 <TOTAL-ASSETS> 320,295,177 <DEPOSITS> 260,433,989 <SHORT-TERM> 0 <LIABILITIES-OTHER> 9,690,269 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 35,251 <OTHER-SE> 50,135,668 <TOTAL-LIABILITIES-AND-EQUITY> 320,295,177 <INTEREST-LOAN> 10,056,446 <INTEREST-INVEST> 1,846,469 <INTEREST-OTHER> 66,986 <INTEREST-TOTAL> 11,969,901 <INTEREST-DEPOSIT> 6,440,549 <INTEREST-EXPENSE> 0 <INTEREST-INCOME-NET> 5,529,352 <LOAN-LOSSES> 0 <SECURITIES-GAINS> 43,023 <EXPENSE-OTHER> 2,489,665 <INCOME-PRETAX> 3,478,160 <INCOME-PRE-EXTRAORDINARY> 3,478,160 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,234,691 <EPS-PRIMARY> 0.91 <EPS-DILUTED> 0.84 <YIELD-ACTUAL> 3.58 <LOANS-NON> 1,417,000 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 902,800 <CHARGE-OFFS> 0 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 902,800 <ALLOWANCE-DOMESTIC> 277,000 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 625,800