<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> MAR-31-1999 <CASH> 33,604,597 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 48,950,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 13,552,954 <INVESTMENTS-CARRYING> 140,496,326 <INVESTMENTS-MARKET> 141,009,000 <LOANS> 290,682,700 <ALLOWANCE> 4,386,613 <TOTAL-ASSETS> 546,375,393 <DEPOSITS> 430,315,626 <SHORT-TERM> 0 <LIABILITIES-OTHER> 4,520,581 <LONG-TERM> 199,805 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,952,672 <OTHER-SE> 71,575,098 <TOTAL-LIABILITIES-AND-EQUITY> 546,375,393 <INTEREST-LOAN> 6,116,045 <INTEREST-INVEST> 2,012,791 <INTEREST-OTHER> 173,961 <INTEREST-TOTAL> 8,302,797 <INTEREST-DEPOSIT> 3,248,047 <INTEREST-EXPENSE> 3,532,700 <INTEREST-INCOME-NET> 4,770,097 <LOAN-LOSSES> 30,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 896,598 <INCOME-PRETAX> 2,234,764 <INCOME-PRE-EXTRAORDINARY> 2,234,764 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,458,664 <EPS-BASIC> 0.49 <EPS-DILUTED> 0.49 <YIELD-ACTUAL> 4.26 <LOANS-NON> 473,000 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 4,382,157 <CHARGE-OFFS> 44,591 <RECOVERIES> 19,047 <ALLOWANCE-CLOSE> 4,386,613 <ALLOWANCE-DOMESTIC> 4,386,613 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 250,000