<ARTICLE>                                            9

                                                            
<PERIOD-TYPE>                                   12-MOS                  12-MOS
<FISCAL-YEAR-END>                          DEC-31-1999             DEC-31-1998
<PERIOD-END>                               DEC-31-1999             DEC-31-1998
<CASH>                                       6,415,519               3,315,306
<INT-BEARING-DEPOSITS>                      11,541,860               5,404,438
<FED-FUNDS-SOLD>                                     0               6,500,000
<TRADING-ASSETS>                                     0                       0
<INVESTMENTS-HELD-FOR-SALE>                          0                       0
<INVESTMENTS-CARRYING>                     109,262,221              78,405,030
<INVESTMENTS-MARKET>                       109,262,221              78,607,860
<LOANS>                                    304,620,209             247,295,949
<ALLOWANCE>                                  3,172,375               3,007,713
<TOTAL-ASSETS>                             447,211,017             348,604,421
<DEPOSITS>                                 294,700,965             240,000,751
<SHORT-TERM>                                60,249,046              29,405,299
<LIABILITIES-OTHER>                          2,829,770               2,932,666
<LONG-TERM>                                 57,305,000              42,252,000
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                     1,406,863               1,396,324
<OTHER-SE>                                  30,719,373              32,617,381
<TOTAL-LIABILITIES-AND-EQUITY>             447,211,017             348,604,421
<INTEREST-LOAN>                             22,338,509              18,765,825
<INTEREST-INVEST>                            6,299,006               4,525,448
<INTEREST-OTHER>                               217,738                 497,202
<INTEREST-TOTAL>                            28,855,253              23,788,475
<INTEREST-DEPOSIT>                          10,858,141               9,553,943
<INTEREST-EXPENSE>                          15,375,799              12,308,632
<INTEREST-INCOME-NET>                       13,479,454              11,479,843
<LOAN-LOSSES>                                  530,000                 646,000
<SECURITIES-GAINS>                               1,400                 109,940
<EXPENSE-OTHER>                             10,274,020               7,609,162
<INCOME-PRETAX>                              4,717,615               4,810,312
<INCOME-PRE-EXTRAORDINARY>                           0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                 3,814,215               3,563,552
<EPS-BASIC>                                       4.26                    4.20
<EPS-DILUTED>                                     4.25                    4.20
<YIELD-ACTUAL>                                    3.27                    3.56
<LOANS-NON>                                  1,210,186               1,364,102
<LOANS-PAST>                                 2,917,464               2,688,867
<LOANS-TROUBLED>                                     0                       0
<LOANS-PROBLEM>                                      0                       0
<ALLOWANCE-OPEN>                             3,007,713               2,809,066
<CHARGE-OFFS>                                  480,962                 580,002
<RECOVERIES>                                   115,624                 132,649
<ALLOWANCE-CLOSE>                            3,172,375               3,007,713
<ALLOWANCE-DOMESTIC>                         3,172,375               3,007,713
<ALLOWANCE-FOREIGN>                                  0                       0
<ALLOWANCE-UNALLOCATED>                         22,930                 467,981