<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> JUN-30-1999 <CASH> 1,653,932 <INT-BEARING-DEPOSITS> 4,487 <FED-FUNDS-SOLD> 5,132 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 3,366,137 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 27,720,968 <ALLOWANCE> 500,111 <TOTAL-ASSETS> 50,904,728 <DEPOSITS> 35,477,355 <SHORT-TERM> 4,437,496 <LIABILITIES-OTHER> 5,216,133 <LONG-TERM> 1,407,097 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 21,043 <OTHER-SE> 2,375,501 <TOTAL-LIABILITIES-AND-EQUITY> 50,904,728 <INTEREST-LOAN> 1,623,085 <INTEREST-INVEST> 141,784 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 1,764,869 <INTEREST-DEPOSIT> 874,005 <INTEREST-EXPENSE> 906,687 <INTEREST-INCOME-NET> 858,182 <LOAN-LOSSES> (54,860) <SECURITIES-GAINS> 7,531 <EXPENSE-OTHER> 2,798,979 <INCOME-PRETAX> (372,516) <INCOME-PRE-EXTRAORDINARY> (372,516) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (361,016) <EPS-BASIC> (0.29) <EPS-DILUTED> (0.29) <YIELD-ACTUAL> 3.38 <LOANS-NON> 875,856 <LOANS-PAST> 20,723 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 896,579 <ALLOWANCE-OPEN> 459,001 <CHARGE-OFFS> 28,904 <RECOVERIES> 25,014 <ALLOWANCE-CLOSE> 500,111 <ALLOWANCE-DOMESTIC> 500,111 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 56,521