<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 11,271,622 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 51,490,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 31,132,654 <INVESTMENTS-CARRYING> 36,430,863 <INVESTMENTS-MARKET> 36,548,338 <LOANS> 137,901,687 <ALLOWANCE> 4,500,000 <TOTAL-ASSETS> 279,175,996 <DEPOSITS> 222,750,702 <SHORT-TERM> 330,677 <LIABILITIES-OTHER> 4,035,105 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 815,969 <OTHER-SE> 51,243,543 <TOTAL-LIABILITIES-AND-EQUITY> 279,175,996 <INTEREST-LOAN> 2,788,469 <INTEREST-INVEST> 575,529 <INTEREST-OTHER> 686,204 <INTEREST-TOTAL> 4,050,202 <INTEREST-DEPOSIT> 2,358,824 <INTEREST-EXPENSE> 2,581,730 <INTEREST-INCOME-NET> 1,468,472 <LOAN-LOSSES> 1,538,914 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 9,351,825 <INCOME-PRETAX> 3,822,764 <INCOME-PRE-EXTRAORDINARY> 3,822,764 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,217,202 <EPS-PRIMARY> 0.28 <EPS-DILUTED> 0.27 <YIELD-ACTUAL> 2.33 <LOANS-NON> 4,040,607 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 4,000,000 <CHARGE-OFFS> 1,040,725 <RECOVERIES> 1,811 <ALLOWANCE-CLOSE> 4,500,000 <ALLOWANCE-DOMESTIC> 3,101,190 <ALLOWANCE-FOREIGN> 660,222 <ALLOWANCE-UNALLOCATED> 738,588