<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 16,078,757 <INT-BEARING-DEPOSITS> 117,531 <FED-FUNDS-SOLD> 26,200,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 8,083,731 <INVESTMENTS-CARRYING> 555,917 <INVESTMENTS-MARKET> 557,614 <LOANS> 233,178,611 <ALLOWANCE> 2,915,000 <TOTAL-ASSETS> 293,185,509 <DEPOSITS> 265,315,201 <SHORT-TERM> 0 <LIABILITIES-OTHER> 1,200,536 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 23,051 <OTHER-SE> 26,646,721 <TOTAL-LIABILITIES-AND-EQUITY> 293,185,509 <INTEREST-LOAN> 5,379,964 <INTEREST-INVEST> 161,787 <INTEREST-OTHER> 226,712 <INTEREST-TOTAL> 5,768,463 <INTEREST-DEPOSIT> 2,644,881 <INTEREST-EXPENSE> 0 <INTEREST-INCOME-NET> 3,123,582 <LOAN-LOSSES> 418,258 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 2,086,648 <INCOME-PRETAX> 1,014,745 <INCOME-PRE-EXTRAORDINARY> 1,014,745 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 622,245 <EPS-PRIMARY> 0.27 <EPS-DILUTED> 0.25 <YIELD-ACTUAL> 8.91 <LOANS-NON> 93,000 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 955,096 <ALLOWANCE-OPEN> 2,510,000 <CHARGE-OFFS> 30,000 <RECOVERIES> 16,742 <ALLOWANCE-CLOSE> 2,915,000 <ALLOWANCE-DOMESTIC> 2,470,000 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 445,000