<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CONSOLIDATED
STATEMENTS OF FINANCIAL CONDITION (AS OF MARCH 31, 1996 AND DECEMBER 31, 1995)
AND CONSOLIDATED STATEMENTS OF INCOME FOR THE THREE MONTHS ENDED AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH MARCH 31, 1996 AND 1995 FORM 10-Q
QUARTER ENDED MARCH 31, 1996.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                       8,246,657
<INT-BEARING-DEPOSITS>                       4,650,659
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    262,911
<INVESTMENTS-CARRYING>                      93,998,411
<INVESTMENTS-MARKET>                        93,268,972
<LOANS>                                    349,620,559
<ALLOWANCE>                                  1,229,291
<TOTAL-ASSETS>                             466,101,154
<DEPOSITS>                                 427,384,145
<SHORT-TERM>                                         0
<LIABILITIES-OTHER>                          2,462,174
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                           0
<TOTAL-LIABILITIES-AND-EQUITY>             466,101,154
<INTEREST-LOAN>                              7,244,938
<INTEREST-INVEST>                            1,373,820
<INTEREST-OTHER>                                85,555
<INTEREST-TOTAL>                             8,704,313
<INTEREST-DEPOSIT>                           5,702,246
<INTEREST-EXPENSE>                           5,702,246
<INTEREST-INCOME-NET>                        3,002,067
<LOAN-LOSSES>                                        0
<SECURITIES-GAINS>                                 845
<EXPENSE-OTHER>                              1,869,464
<INCOME-PRETAX>                              1,423,333
<INCOME-PRE-EXTRAORDINARY>                   1,423,333
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 1,423,333
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0
<YIELD-ACTUAL>                                    7.81
<LOANS-NON>                                    289,805
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                222,757
<ALLOWANCE-OPEN>                             1,228,325
<CHARGE-OFFS>                                      324
<RECOVERIES>                                     1,290
<ALLOWANCE-CLOSE>                            1,229,291
<ALLOWANCE-DOMESTIC>                           404,291
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                        825,000