<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 7,281,131 <INT-BEARING-DEPOSITS> 18,209,761 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 47,170,577 <INVESTMENTS-CARRYING> 32,424,636 <INVESTMENTS-MARKET> 32,776,767 <LOANS> 634,230,829 <ALLOWANCE> 4,411,210 <TOTAL-ASSETS> 771,671,674 <DEPOSITS> 533,611,971 <SHORT-TERM> 25,736,194 <LIABILITIES-OTHER> 14,634,791 <LONG-TERM> 133,676,508 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 34,483,027 <OTHER-SE> 29,529,183 <TOTAL-LIABILITIES-AND-EQUITY> 771,671,674 <INTEREST-LOAN> 12,114,542 <INTEREST-INVEST> 1,316,966 <INTEREST-OTHER> 354,096 <INTEREST-TOTAL> 13,785,604 <INTEREST-DEPOSIT> 6,000,777 <INTEREST-EXPENSE> 8,418,798 <INTEREST-INCOME-NET> 5,366,806 <LOAN-LOSSES> 60,000 <SECURITIES-GAINS> 106,199 <EXPENSE-OTHER> 3,797,990 <INCOME-PRETAX> 2,529,917 <INCOME-PRE-EXTRAORDINARY> 2,529,917 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,714,917 <EPS-PRIMARY> 0.37 <EPS-DILUTED> 0.37 <YIELD-ACTUAL> 2.89 <LOANS-NON> 568,000 <LOANS-PAST> 10,000 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 4,363,139 <CHARGE-OFFS> 25,455 <RECOVERIES> 13,526 <ALLOWANCE-CLOSE> 4,411,210 <ALLOWANCE-DOMESTIC> 3,590,487 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 820,723