<ARTICLE> 9
<LEGEND> This schedule contains summary financial information extracted from the
consolidated condensed statement of financial condition and the consolidated
condensed statement of income and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997 
<PERIOD-START>                             JAN-01-1997 
<PERIOD-END>                               MAR-31-1997 
<CASH>                                         775,894
<INT-BEARING-DEPOSITS>                       2,237,345        
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                 23,381,607
<INVESTMENTS-CARRYING>                         999,956      
<INVESTMENTS-MARKET>                         1,000,312
<LOANS>                                    168,923,201         
<ALLOWANCE>                                  2,019,834       
<TOTAL-ASSETS>                             203,496,550
<DEPOSITS>                                 132,374,427
<SHORT-TERM>                                11,000,000
<LIABILITIES-OTHER>                          1,783,326
<LONG-TERM>                                  8,300,000
<COMMON>                                        40,111     
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                  49,999,015
<TOTAL-LIABILITIES-AND-EQUITY>             203,496,550
<INTEREST-LOAN>                              3,504,070
<INTEREST-INVEST>                              400,878
<INTEREST-OTHER>                                     0
<INTEREST-TOTAL>                             3,904,948
<INTEREST-DEPOSIT>                           1,550,267
<INTEREST-EXPENSE>                           1,854,291        
<INTEREST-INCOME-NET>                        2,050,657        
<LOAN-LOSSES>                                   60,000
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                              1,109,630
<INCOME-PRETAX>                              1,365,412
<INCOME-PRE-EXTRAORDINARY>                   1,365,412      
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   889,150
<EPS-PRIMARY>                                      .27
<EPS-DILUTED>                                      .27
<YIELD-ACTUAL>                                    7.92
<LOANS-NON>                                    306,000
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                             1,952,887
<CHARGE-OFFS>                                    3,000
<RECOVERIES>                                    10,000
<ALLOWANCE-CLOSE>                            2,019,834
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0