<ARTICLE> 9 <PERIOD-TYPE> 9-MOS YEAR <FISCAL-YEAR-END> DEC-31-1999 DEC-31-1998 <PERIOD-START> JAN-01-1999 JAN-01-1998 <PERIOD-END> SEP-30-1999 DEC-31-1998 <CASH> 16,555,948 11,844,077 <INT-BEARING-DEPOSITS> 29,991,155 31,034,112 <FED-FUNDS-SOLD> 5,150,000 5,910,000 <TRADING-ASSETS> 0 0 <INVESTMENTS-HELD-FOR-SALE> 62,225,039 63,227,690 <INVESTMENTS-CARRYING> 0 0 <INVESTMENTS-MARKET> 0 0 <LOANS> 322,620,423 301,625,133 <ALLOWANCE> (4,039,160) (4,136,690) <TOTAL-ASSETS> 421,955,308 402,273,032 <DEPOSITS> 366,856,806 350,067,378 <SHORT-TERM> 10,170,355 12,500 <LIABILITIES-OTHER> 2,649,416 2,499,426 <LONG-TERM> 3,364,942 13,642,857 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <COMMON> 31,729,462 14,632,500 <OTHER-SE> 5,474,242 21,291,635 <TOTAL-LIABILITIES-AND-EQUITY> 421,955,308 402,273,032 <INTEREST-LOAN> 20,789,713 24,885,434 <INTEREST-INVEST> 2,566,418 4,006,522 <INTEREST-OTHER> 238,599 323,149 <INTEREST-TOTAL> 23,594,730 29,215,105 <INTEREST-DEPOSIT> 10,327,435 13,616,433 <INTEREST-EXPENSE> 10,908,824 14,539,968 <INTEREST-INCOME-NET> 12,685,906 14,675,137 <LOAN-LOSSES> 25,000 445,000 <SECURITIES-GAINS> (34,824) 168,448 <EXPENSE-OTHER> 3,047,000 3,710,861 <INCOME-PRETAX> 4,921,424 5,855,681 <INCOME-PRE-EXTRAORDINARY> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 3,346,524 4,009,198 <EPS-BASIC> 1.14 1.44 <EPS-DILUTED> 0 0 <YIELD-ACTUAL> 4.46 4.30 <LOANS-NON> 4,217,542 3,292,310 <LOANS-PAST> 28,505 307,270 <LOANS-TROUBLED> 0 0 <LOANS-PROBLEM> 0 0 <ALLOWANCE-OPEN> 4,136,690 4,374,641 <CHARGE-OFFS> (180,556) (746,280) <RECOVERIES> 58,026 63,329 <ALLOWANCE-CLOSE> 4,039,160 4,136,690 <ALLOWANCE-DOMESTIC> 0 0 <ALLOWANCE-FOREIGN> 0 0 <ALLOWANCE-UNALLOCATED> 0 0