<ARTICLE> 9 <MULTIPLIER> 1 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1999 <CASH> 1,247,834 <INT-BEARING-DEPOSITS> 82,018 <FED-FUNDS-SOLD> 2,417,784 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 2,699,162 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 24,692,452 <ALLOWANCE> (496,706) <TOTAL-ASSETS> 51,180,915 <DEPOSITS> 35,609,246 <SHORT-TERM> 0 <LIABILITIES-OTHER> 7,374,148 <LONG-TERM> 4,705,357 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 21,043 <OTHER-SE> 2,915,862 <TOTAL-LIABILITIES-AND-EQUITY> 51,180,915 <INTEREST-LOAN> 783,563 <INTEREST-INVEST> 101,030 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 884,593 <INTEREST-DEPOSIT> 480,769 <INTEREST-EXPENSE> 500,351 <INTEREST-INCOME-NET> 384,242 <LOAN-LOSSES> 22,500 <SECURITIES-GAINS> (23,009) <EXPENSE-OTHER> 1,388,564 <INCOME-PRETAX> (234,257) <INCOME-PRE-EXTRAORDINARY> (234,257) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (223,057) <EPS-PRIMARY> (0.11) <EPS-DILUTED> (0.11) <YIELD-ACTUAL> 3.62 <LOANS-NON> 897,356 <LOANS-PAST> 8,065 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 905,421 <ALLOWANCE-OPEN> 459,001 <CHARGE-OFFS> 0 <RECOVERIES> 15,205 <ALLOWANCE-CLOSE> 496,706 <ALLOWANCE-DOMESTIC> 496,706 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 64,060