<ARTICLE> 9 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> SEP-30-1998 <CASH> 21,566,499 <INT-BEARING-DEPOSITS> 43,940 <FED-FUNDS-SOLD> 43,375,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 22,767,831 <INVESTMENTS-CARRYING> 703,641 <INVESTMENTS-MARKET> 707,495 <LOANS> 262,101,319 <ALLOWANCE> 3,129,655 <TOTAL-ASSETS> 357,928,184 <DEPOSITS> 328,467,935 <SHORT-TERM> 0 <LIABILITIES-OTHER> 1,101,727 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 23,654 <OTHER-SE> 28,334,868 <TOTAL-LIABILITIES-AND-EQUITY> 357,928,184 <INTEREST-LOAN> 16,970,395 <INTEREST-INVEST> 516,238 <INTEREST-OTHER> 1,037,658 <INTEREST-TOTAL> 18,524,291 <INTEREST-DEPOSIT> 8,579,252 <INTEREST-EXPENSE> 8,579,252 <INTEREST-INCOME-NET> 9,945,039 <LOAN-LOSSES> 642,035 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 7,192,545 <INCOME-PRETAX> 3,403,758 <INCOME-PRE-EXTRAORDINARY> 3,403,758 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,102,815 <EPS-PRIMARY> 0.90 <EPS-DILUTED> 0.84 <YIELD-ACTUAL> 8.80 <LOANS-NON> 108,000 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 893,511 <ALLOWANCE-OPEN> 2,510,000 <CHARGE-OFFS> 48,854 <RECOVERIES> 26,473 <ALLOWANCE-CLOSE> 3,129,655 <ALLOWANCE-DOMESTIC> 2,659,655 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 470,000