<ARTICLE> 9 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 19,591,814 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 24,300,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 26,726,813 <INVESTMENTS-CARRYING> 3,619,992 <INVESTMENTS-MARKET> 3,619,748 <LOANS> 466,661,145 <ALLOWANCE> 10,252,508 <TOTAL-ASSETS> 568,179,525 <DEPOSITS> 459,183,360 <SHORT-TERM> 7,216,000 <LIABILITIES-OTHER> 9,767,259 <LONG-TERM> 36,627,108 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 13,571,980 <OTHER-SE> 41,813,818 <TOTAL-LIABILITIES-AND-EQUITY> 568,179,525 <INTEREST-LOAN> 47,820,872 <INTEREST-INVEST> 2,147,244 <INTEREST-OTHER> 824,340 <INTEREST-TOTAL> 50,792,456 <INTEREST-DEPOSIT> 17,825,503 <INTEREST-EXPENSE> 18,572,148 <INTEREST-INCOME-NET> 32,220,308 <LOAN-LOSSES> 3,417,010 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 20,461,962 <INCOME-PRETAX> 12,896,825 <INCOME-PRE-EXTRAORDINARY> 12,896,825 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 8,206,419 <EPS-PRIMARY> 6.05 <EPS-DILUTED> 6.02 <YIELD-ACTUAL> 6.18 <LOANS-NON> 4,159,076 <LOANS-PAST> 872,530 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 11,191,507 <ALLOWANCE-OPEN> 9,153,823 <CHARGE-OFFS> 3,234,218 <RECOVERIES> 915,893 <ALLOWANCE-CLOSE> 10,252,508 <ALLOWANCE-DOMESTIC> 10,252,508 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0