<ARTICLE> 9 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 906,658 <INT-BEARING-DEPOSITS> 4,152,816 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 55,976,606 <INVESTMENTS-CARRYING> 2,139,069 <INVESTMENTS-MARKET> 2,159,035 <LOANS> 132,645,936 <ALLOWANCE> 1,540,551 <TOTAL-ASSETS> 207,019,790 <DEPOSITS> 151,815,364 <SHORT-TERM> 16,937,882 <LIABILITIES-OTHER> 638,128 <LONG-TERM> 16,496,450 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 7,893 <OTHER-SE> 21,537,839 <TOTAL-LIABILITIES-AND-EQUITY> 207,019,790 <INTEREST-LOAN> 11,642,029 <INTEREST-INVEST> 3,941,744 <INTEREST-OTHER> 142,259 <INTEREST-TOTAL> 15,726,032 <INTEREST-DEPOSIT> 5,693,385 <INTEREST-EXPENSE> 7,596,727 <INTEREST-INCOME-NET> 8,129,305 <LOAN-LOSSES> 240,000 <SECURITIES-GAINS> (391) <EXPENSE-OTHER> 5,466,637 <INCOME-PRETAX> 3,843,204 <INCOME-PRE-EXTRAORDINARY> 3,843,204 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,386,204 <EPS-PRIMARY> 3.00 <EPS-DILUTED> 2.80 <YIELD-ACTUAL> 4.21 <LOANS-NON> 269,000 <LOANS-PAST> 196,000 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 1,310,365 <CHARGE-OFFS> 9,814 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 1,540,551 <ALLOWANCE-DOMESTIC> 1,540,551 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0