<ARTICLE> 9 <PERIOD-TYPE> 3-MOS 6-MOS <FISCAL-YEAR-END> DEC-31-1999 DEC-31-1999 <PERIOD-START> APR-01-1999 JAN-01-1999 <PERIOD-END> JUN-30-1999 JUN-30-1999 <CASH> 9,668,505 9,668,505 <INT-BEARING-DEPOSITS> 0 0 <FED-FUNDS-SOLD> 11,800,000 11,800,000 <TRADING-ASSETS> 0 0 <INVESTMENTS-HELD-FOR-SALE> 36,060,870 36,060,870 <INVESTMENTS-CARRYING> 39,956,817 39,956,817 <INVESTMENTS-MARKET> 39,910,325 39,910,325 <LOANS> 154,348,981 154,348,981 <ALLOWANCE> 4,550,000 4,550,000 <TOTAL-ASSETS> 271,238,773 271,238,773 <DEPOSITS> 204,589,740 204,589,740 <SHORT-TERM> 7,611,157 7,611,157 <LIABILITIES-OTHER> 4,999,038 4,999,038 <LONG-TERM> 0 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 816,419 816,419 <OTHER-SE> 53,222,419 53,222,419 <TOTAL-LIABILITIES-AND-EQUITY> 271,238,773 271,238,773 <INTEREST-LOAN> 3,404,955 6,193,424 <INTEREST-INVEST> 946,218 1,521,747 <INTEREST-OTHER> 307,939 994,143 <INTEREST-TOTAL> 4,659,112 8,709,314 <INTEREST-DEPOSIT> 2,956,331 5,315,155 <INTEREST-EXPENSE> 3,077,549 5,659,279 <INTEREST-INCOME-NET> 1,581,563 3,050,035 <LOAN-LOSSES> 449,598 1,988,512 <SECURITIES-GAINS> 0 0 <EXPENSE-OTHER> 5,531,092 14,882,917 <INCOME-PRETAX> 3,457,679 7,280,443 <INCOME-PRE-EXTRAORDINARY> 3,457,679 7,280,443 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 2,057,297 4,274,499 <EPS-BASIC> 0.25 0.53 <EPS-DILUTED> 0.25 0.52 <YIELD-ACTUAL> 2.45 2.42 <LOANS-NON> 3,364,254 3,364,254 <LOANS-PAST> 0 0 <LOANS-TROUBLED> 0 0 <LOANS-PROBLEM> 0 0 <ALLOWANCE-OPEN> 4,500,000 4,000,000 <CHARGE-OFFS> 429,807 1,470,532 <RECOVERIES> 30,209 32,020 <ALLOWANCE-CLOSE> 4,550,000 4,550,000 <ALLOWANCE-DOMESTIC> 2,861,229 2,861,229 <ALLOWANCE-FOREIGN> 1,294,824 1,294,824 <ALLOWANCE-UNALLOCATED> 393,947 393,947