<ARTICLE> 9 <LEGEND> This schedule contains summary financial information extracted from the Balance Sheet/Income Statement and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 1,510,967 <INT-BEARING-DEPOSITS> 8,711,853 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 53,657,204 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 251,590,159 <ALLOWANCE> 2,601,688 <TOTAL-ASSETS> 331,124,031 <DEPOSITS> 246,397,519 <SHORT-TERM> 11,000,000 <LIABILITIES-OTHER> 3,197,775 <LONG-TERM> 21,342,000 <PREFERRED> 0 <PREFERRED-MANDATORY> 0 <COMMON> 40,111 <OTHER-SE> 49,146,626 <TOTAL-LIABILITIES-AND-EQUITY> 331,124,031 <INTEREST-LOAN> 9,905,841 <INTEREST-INVEST> 1,609,302 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 11,515,143 <INTEREST-DEPOSIT> 5,214,252 <INTEREST-EXPENSE> 6,163,495 <INTEREST-INCOME-NET> 5,351,648 <LOAN-LOSSES> 120,000 <SECURITIES-GAINS> 54,853 <EXPENSE-OTHER> 3,529,070 <INCOME-PRETAX> 3,491,667 <INCOME-PRE-EXTRAORDINARY> 3,491,667 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,221,792 <EPS-PRIMARY> 0.71 <EPS-DILUTED> 0.69 <YIELD-ACTUAL> 7.71 <LOANS-NON> 161,628 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 2,150,588 <CHARGE-OFFS> 13,048 <RECOVERIES> 730 <ALLOWANCE-CLOSE> 2,601,688 <ALLOWANCE-DOMESTIC> 2,601,688 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0