<ARTICLE> 9
<LEGEND>
THIS 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>                               SEP-30-1997
<CASH>                                       1,640,408
<INT-BEARING-DEPOSITS>                       4,970,803
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                 23,638,799
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                    299,731,035
<ALLOWANCE>                                  1,914,477
<TOTAL-ASSETS>                             344,849,191
<DEPOSITS>                                 201,043,741
<SHORT-TERM>                                36,000,000
<LIABILITIES-OTHER>                          3,584,929
<LONG-TERM>                                 73,082,378
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                    20,344,701
<OTHER-SE>                                  10,793,442
<TOTAL-LIABILITIES-AND-EQUITY>             344,849,191
<INTEREST-LOAN>                              6,203,791
<INTEREST-INVEST>                              441,664
<INTEREST-OTHER>                                40,430
<INTEREST-TOTAL>                             6,685,885
<INTEREST-DEPOSIT>                           2,411,186
<INTEREST-EXPENSE>                           3,943,243
<INTEREST-INCOME-NET>                        2,742,643
<LOAN-LOSSES>                                        0
<SECURITIES-GAINS>                               6,773
<EXPENSE-OTHER>                              1,311,219
<INCOME-PRETAX>                              1,808,139
<INCOME-PRE-EXTRAORDINARY>                   1,808,139
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 1,123,809
<EPS-PRIMARY>                                      .75
<EPS-DILUTED>                                      .75
<YIELD-ACTUAL>                                    8.30
<LOANS-NON>                                    450,154
<LOANS-PAST>                                     6,723
<LOANS-TROUBLED>                               545,957
<LOANS-PROBLEM>                              1,711,482
<ALLOWANCE-OPEN>                             1,851,798
<CHARGE-OFFS>                                        0
<RECOVERIES>                                    18,065
<ALLOWANCE-CLOSE>                            1,914,477
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                         23,813