<ARTICLE> 9
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE QUARTERLY
REPORT ON FORM 10-Q FOR THE FISCAL QUARTER ENDED SEPTEMBER 31, 1996 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                       1,416,025
<INT-BEARING-DEPOSITS>                       3,597,625
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                 21,875,114
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                    265,208,058
<ALLOWANCE>                                  1,860,380
<TOTAL-ASSETS>                             304,495,820
<DEPOSITS>                                 191,397,566
<SHORT-TERM>                                29,000,000
<LIABILITIES-OTHER>                          2,999,873
<LONG-TERM>                                 52,043,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    20,069,293
<OTHER-SE>                                   8,986,088
<TOTAL-LIABILITIES-AND-EQUITY>             304,495,820
<INTEREST-LOAN>                              5,391,263
<INTEREST-INVEST>                              377,916
<INTEREST-OTHER>                                58,732
<INTEREST-TOTAL>                             5,827,911
<INTEREST-DEPOSIT>                           2,204,937
<INTEREST-EXPENSE>                           3,379,032
<INTEREST-INCOME-NET>                        2,448,879
<LOAN-LOSSES>                                   30,000
<SECURITIES-GAINS>                              14,984
<EXPENSE-OTHER>                              1,206,377
<INCOME-PRETAX>                              1,557,447
<INCOME-PRE-EXTRAORDINARY>                   1,557,447
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   973,681
<EPS-PRIMARY>                                      .63
<EPS-DILUTED>                                      .63
<YIELD-ACTUAL>                                    8.14
<LOANS-NON>                                    228,979
<LOANS-PAST>                                    50,829
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                              1,657,844
<ALLOWANCE-OPEN>                             1,824,195
<CHARGE-OFFS>                                        0
<RECOVERIES>                                     6,185
<ALLOWANCE-CLOSE>                            1,860,380
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                        354,792