<ARTICLE> 9 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 1,555,488 <INT-BEARING-DEPOSITS> 68,052 <FED-FUNDS-SOLD> 3,389,903 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 7,913,205 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 33,914,142 <ALLOWANCE> (315,551) <TOTAL-ASSETS> 54,496,756 <DEPOSITS> 40,166,016 <SHORT-TERM> 7,975,000 <LIABILITIES-OTHER> 1,947,462 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 12,881 <OTHER-SE> 3,999,859 <TOTAL-LIABILITIES-AND-EQUITY> 54,496,756 <INTEREST-LOAN> 1,200,978 <INTEREST-INVEST> 482,351 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 1,683,329 <INTEREST-DEPOSIT> 887,332 <INTEREST-EXPENSE> 341,733 <INTEREST-INCOME-NET> 454,264 <LOAN-LOSSES> 30,000 <SECURITIES-GAINS> 95,861 <EXPENSE-OTHER> 2,038,809 <INCOME-PRETAX> (665,797) <INCOME-PRE-EXTRAORDINARY> (665,797) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (421,974) <EPS-PRIMARY> (0.338) <EPS-DILUTED> (0.338) <YIELD-ACTUAL> 7.82 <LOANS-NON> 218,618 <LOANS-PAST> 113,721 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 152,673 <ALLOWANCE-OPEN> 317,185 <CHARGE-OFFS> 35,834 <RECOVERIES> 4,200 <ALLOWANCE-CLOSE> 315,551 <ALLOWANCE-DOMESTIC> 315,551 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0