<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 2,231,627 <INT-BEARING-DEPOSITS> 9,209,676 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 30,342,837 <INVESTMENTS-CARRYING> 21,060,889 <INVESTMENTS-MARKET> 19,463,350 <LOANS> 237,702,811 <ALLOWANCE> 673,000 <TOTAL-ASSETS> 313,802,794 <DEPOSITS> 270,940,131 <SHORT-TERM> 10,088,539 <LIABILITIES-OTHER> 3,473,390 <LONG-TERM> 0 <COMMON> 1,491,698 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 27,809,036 <TOTAL-LIABILITIES-AND-EQUITY> 313,802,794 <INTEREST-LOAN> 4,501,592 <INTEREST-INVEST> 971,313 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 5,472,905 <INTEREST-DEPOSIT> 3,202,708 <INTEREST-EXPENSE> 3,366,087 <INTEREST-INCOME-NET> 2,106,818 <LOAN-LOSSES> 10,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 1,784,876 <INCOME-PRETAX> 429,103 <INCOME-PRE-EXTRAORDINARY> 429,103 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 259,856 <EPS-PRIMARY> 0.16 <EPS-DILUTED> 0.16 <YIELD-ACTUAL> 2.81 <LOANS-NON> 0 <LOANS-PAST> 385,036 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 737,000 <CHARGE-OFFS> 74,000 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 673,000 <ALLOWANCE-DOMESTIC> 673,000 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0