<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-01-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                       1,503,559
<INT-BEARING-DEPOSITS>                      11,084,683
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                 56,554,348
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                    247,660,677
<ALLOWANCE>                                  2,553,296
<TOTAL-ASSETS>                             332,811,798
<DEPOSITS>                                 244,733,479
<SHORT-TERM>                                12,250,000
<LIABILITIES-OTHER>                          3,152,582
<LONG-TERM>                                 21,342,000
<COMMON>                                        40,111
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                  51,293,626
<TOTAL-LIABILITIES-AND-EQUITY>             332,811,798
<INTEREST-LOAN>                              4,749,038
<INTEREST-INVEST>                              716,182
<INTEREST-OTHER>                                     0
<INTEREST-TOTAL>                             5,465,220
<INTEREST-DEPOSIT>                           2,393,317
<INTEREST-EXPENSE>                           2,872,749
<INTEREST-INCOME-NET>                        2,592,471
<LOAN-LOSSES>                                   60,000
<SECURITIES-GAINS>                              54,853
<EXPENSE-OTHER>                              1,634,430
<INCOME-PRETAX>                              1,713,383
<INCOME-PRE-EXTRAORDINARY>                   1,713,383
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 1,105,503
<EPS-PRIMARY>                                      .35
<EPS-DILUTED>                                      .34
<YIELD-ACTUAL>                                    7.78
<LOANS-NON>                                    539,189
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                             2,150,588
<CHARGE-OFFS>                                    1,315
<RECOVERIES>                                       605
<ALLOWANCE-CLOSE>                            2,553,296
<ALLOWANCE-DOMESTIC>                         2,553,296
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0