<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>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               SEP-30-1997
<CASH>                                         846,228
<INT-BEARING-DEPOSITS>                       3,674,325
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                 22,241,637
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                    181,119,869
<ALLOWANCE>                                  2,125,151
<TOTAL-ASSETS>                             215,133,388
<DEPOSITS>                                 139,254,875
<SHORT-TERM>                                 8,250,000
<LIABILITIES-OTHER>                          1,025,717
<LONG-TERM>                                 17,300,000
<COMMON>                                             0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                     40,111
<OTHER-SE>                                  49,262,685
<TOTAL-LIABILITIES-AND-EQUITY>             215,133,388
<INTEREST-LOAN>                             10,735,370
<INTEREST-INVEST>                            1,200,805
<INTEREST-OTHER>                                     0
<INTEREST-TOTAL>                            11,936,175
<INTEREST-DEPOSIT>                           4,795,481
<INTEREST-EXPENSE>                           5,775,689
<INTEREST-INCOME-NET>                        6,160,486
<LOAN-LOSSES>                                  180,000
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                              3,339,758
<INCOME-PRETAX>                              4,317,154
<INCOME-PRE-EXTRAORDINARY>                   4,317,154
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 2,821,591
<EPS-PRIMARY>                                      .88
<EPS-DILUTED>                                      .88
<YIELD-ACTUAL>                                    7.90
<LOANS-NON>                                    243,608
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                             1,952,887
<CHARGE-OFFS>                                   17,949
<RECOVERIES>                                    10,213
<ALLOWANCE-CLOSE>                            2,125,151
<ALLOWANCE-DOMESTIC>                         2,125,151
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0