<ARTICLE> 9 <MULTIPLIER> 1 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 1,905,956 <INT-BEARING-DEPOSITS> 116,534 <FED-FUNDS-SOLD> 14,128,095 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 3,130,811 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 28,224,624 <ALLOWANCE> (533,310) <TOTAL-ASSETS> 67,616,499 <DEPOSITS> 55,340,383 <SHORT-TERM> 1,751,598 <LIABILITIES-OTHER> 6,220,443 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 13,803 <OTHER-SE> 4,079,443 <TOTAL-LIABILITIES-AND-EQUITY> 67,616,499 <INTEREST-LOAN> 3,077,497 <INTEREST-INVEST> 560,824 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 3,638,321 <INTEREST-DEPOSIT> 2,015,957 <INTEREST-EXPENSE> 2,424,568 <INTEREST-INCOME-NET> 1,213,753 <LOAN-LOSSES> 261,500 <SECURITIES-GAINS> 7,715 <EXPENSE-OTHER> 5,510,779 <INCOME-PRETAX> (555,324) <INCOME-PRE-EXTRAORDINARY> (555,324) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (388,484) <EPS-PRIMARY> (0.31) <EPS-DILUTED> 0.00 <YIELD-ACTUAL> 3.14 <LOANS-NON> 693,818 <LOANS-PAST> 536,148 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 2,527,877 <ALLOWANCE-OPEN> 297,783 <CHARGE-OFFS> 56,772 <RECOVERIES> 30,799 <ALLOWANCE-CLOSE> 533,310 <ALLOWANCE-DOMESTIC> 533,310 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 220,196