<ARTICLE> 9 <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE ANNUAL REPORT ON FORM 10-KSB FOR THE YEAR ENDED DECEMBER 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 1,435,746 <INT-BEARING-DEPOSITS> 1,088,237 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 27,934,974 <INVESTMENTS-CARRYING> 19,839,678 <INVESTMENTS-MARKET> 20,055,364 <LOANS> 91,276,434 <ALLOWANCE> 568,000 <TOTAL-ASSETS> 147,724,441 <DEPOSITS> 105,278,292 <SHORT-TERM> 14,500,000 <LIABILITIES-OTHER> 1,270,688 <LONG-TERM> 16,000,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 10,675,461 <OTHER-SE> 0 <TOTAL-LIABILITIES-AND-EQUITY> 147,724,441 <INTEREST-LOAN> 7,074,649 <INTEREST-INVEST> 3,675,351 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 10,750,000 <INTEREST-DEPOSIT> 5,039,036 <INTEREST-EXPENSE> 6,720,297 <INTEREST-INCOME-NET> 4,029,703 <LOAN-LOSSES> 48,000 <SECURITIES-GAINS> 220,223 <EXPENSE-OTHER> 2,581,475 <INCOME-PRETAX> 1,953,914 <INCOME-PRE-EXTRAORDINARY> 1,953,914 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,264,914 <EPS-PRIMARY> 1.23 <EPS-DILUTED> 1.14 <YIELD-ACTUAL> 2.89 <LOANS-NON> 769,000 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 686,000 <CHARGE-OFFS> 166,000 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 568,000 <ALLOWANCE-DOMESTIC> 461,000 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 107,000