<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> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> SEP-30-1998 <CASH> 1,712,024 <INT-BEARING-DEPOSITS> 4,817,693 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 51,234,184 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 258,576,406 <ALLOWANCE> 2,661,210 <TOTAL-ASSETS> 334,718,424 <DEPOSITS> 245,659,068 <SHORT-TERM> 14,250,000 <LIABILITIES-OTHER> 2,236,078 <LONG-TERM> 22,837,759 <COMMON> 40,111 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 49,695,408 <TOTAL-LIABILITIES-AND-EQUITY> 334,718,424 <INTEREST-LOAN> 15,118,419 <INTEREST-INVEST> 2,441,673 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 17,560,092 <INTEREST-DEPOSIT> 8,044,700 <INTEREST-EXPENSE> 9,481,407 <INTEREST-INCOME-NET> 8,078,685 <LOAN-LOSSES> 180,000 <SECURITIES-GAINS> 51,362 <EXPENSE-OTHER> 5,516,834 <INCOME-PRETAX> 5,171,857 <INCOME-PRE-EXTRAORDINARY> 5,171,857 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,296,010 <EPS-PRIMARY> 1.07 <EPS-DILUTED> 1.04 <YIELD-ACTUAL> 7.69 <LOANS-NON> 541,663 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 2,150,588 <CHARGE-OFFS> 13,651 <RECOVERIES> 855 <ALLOWANCE-CLOSE> 2,661,210 <ALLOWANCE-DOMESTIC> 2,661,210 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0