<ARTICLE> 9 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 801,597 <INT-BEARING-DEPOSITS> 4,990,009 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 49,989,717 <INVESTMENTS-CARRYING> 1,727,565 <INVESTMENTS-MARKET> 1,756,458 <LOANS> 128,184,668 <ALLOWANCE> 1,425,536 <TOTAL-ASSETS> 194,013,032 <DEPOSITS> 144,420,616 <SHORT-TERM> 11,899,079 <LIABILITIES-OTHER> 821,970 <LONG-TERM> 16,576,979 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 8,100 <OTHER-SE> 20,286,288 <TOTAL-LIABILITIES-AND-EQUITY> 194,013,032 <INTEREST-LOAN> 5,753,207 <INTEREST-INVEST> 1,842,052 <INTEREST-OTHER> 63,081 <INTEREST-TOTAL> 7,658,340 <INTEREST-DEPOSIT> 2,833,682 <INTEREST-EXPENSE> 806,045 <INTEREST-INCOME-NET> 4,018,613 <LOAN-LOSSES> 120,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 2,670,150 <INCOME-PRETAX> 2,041,537 <INCOME-PRE-EXTRAORDINARY> 2,041,537 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,317,537 <EPS-PRIMARY> 1.64 <EPS-DILUTED> 1.54 <YIELD-ACTUAL> 4.19 <LOANS-NON> 290,606 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 1,370,466 <CHARGE-OFFS> 4,930 <RECOVERIES> 101 <ALLOWANCE-CLOSE> 1,425,536 <ALLOWANCE-DOMESTIC> 1,425,536 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0