<ARTICLE> 9 <MULTIPLIER> 1 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> SEP-30-1996 <CASH> 1,588,003 <INT-BEARING-DEPOSITS> 248,511 <FED-FUNDS-SOLD> 5,592,238 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 8,072,598 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 36,186,665 <ALLOWANCE> (281,722) <TOTAL-ASSETS> 58,966,994 <DEPOSITS> 45,583,590 <SHORT-TERM> 7,962,500 <LIABILITIES-OTHER> 934,253 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 12,908 <OTHER-SE> 4,079,837 <TOTAL-LIABILITIES-AND-EQUITY> 58,966,994 <INTEREST-LOAN> 1,932,746 <INTEREST-INVEST> 684,119 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 2,616,865 <INTEREST-DEPOSIT> 1,509,701 <INTEREST-EXPENSE> 461,531 <INTEREST-INCOME-NET> 645,633 <LOAN-LOSSES> 128,000 <SECURITIES-GAINS> 409,844 <EXPENSE-OTHER> 3,534,284 <INCOME-PRETAX> (500,042) <INCOME-PRE-EXTRAORDINARY> (500,042) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (242,009) <EPS-PRIMARY> (0.194) <EPS-DILUTED> (0.194) <YIELD-ACTUAL> 7.92 <LOANS-NON> 672,248 <LOANS-PAST> 269,882 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 171,022 <ALLOWANCE-OPEN> 317,185 <CHARGE-OFFS> 170,470 <RECOVERIES> 7,007 <ALLOWANCE-CLOSE> 281,722 <ALLOWANCE-DOMESTIC> 281,722 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0