<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 10,766,675 <INT-BEARING-DEPOSITS> 21,709 <FED-FUNDS-SOLD> 33,325,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 21,338,386 <INVESTMENTS-CARRYING> 830,461 <INVESTMENTS-MARKET> 826,612 <LOANS> 148,202,655 <ALLOWANCE> 1,860,000 <TOTAL-ASSETS> 217,799,691 <DEPOSITS> 195,130,232 <SHORT-TERM> 0 <LIABILITIES-OTHER> 658,320 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 21,140 <OTHER-SE> 21,989,999 <TOTAL-LIABILITIES-AND-EQUITY> 217,799,691 <INTEREST-LOAN> 3,305,836 <INTEREST-INVEST> 250,923 <INTEREST-OTHER> 309,194 <INTEREST-TOTAL> 3,865,953 <INTEREST-DEPOSIT> 1,840,857 <INTEREST-EXPENSE> 1,843,745 <INTEREST-INCOME-NET> 2,022,208 <LOAN-LOSSES> 98,574 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 1,282,340 <INCOME-PRETAX> 754,604 <INCOME-PRE-EXTRAORDINARY> 754,604 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 463,632 <EPS-PRIMARY> .23 <EPS-DILUTED> .23 <YIELD-ACTUAL> 8.55 <LOANS-NON> 100,000 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 302,447 <ALLOWANCE-OPEN> 1,765,000 <CHARGE-OFFS> 24,000 <RECOVERIES> 20,000 <ALLOWANCE-CLOSE> 1,860,000 <ALLOWANCE-DOMESTIC> 1,595,000 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 265,000