<ARTICLE> 9 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> JUN-30-1999 <CASH> 31,898,009 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 2,750,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 22,992,765 <INVESTMENTS-CARRYING> 154,482,682 <INVESTMENTS-MARKET> 153,877,000 <LOANS> 302,777,457 <ALLOWANCE> 4,126,799 <TOTAL-ASSETS> 534,981,901 <DEPOSITS> 404,449,489 <SHORT-TERM> 0 <LIABILITIES-OTHER> 3,864,252 <LONG-TERM> 196,623 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,952,672 <OTHER-SE> 72,043,947 <TOTAL-LIABILITIES-AND-EQUITY> 534,981,901 <INTEREST-LOAN> 12,465,915 <INTEREST-INVEST> 4,247,606 <INTEREST-OTHER> 423,910 <INTEREST-TOTAL> 17,137,431 <INTEREST-DEPOSIT> 6,465,073 <INTEREST-EXPENSE> 7,118,693 <INTEREST-INCOME-NET> 10,018,738 <LOAN-LOSSES> 60,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 2,298,613 <INCOME-PRETAX> 4,381,819 <INCOME-PRE-EXTRAORDINARY> 4,381,819 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,872,333 <EPS-BASIC> 1 <EPS-DILUTED> 1 <YIELD-ACTUAL> 0.043 <LOANS-NON> 251,000 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 4,382,157 <CHARGE-OFFS> 356,570 <RECOVERIES> 41,212 <ALLOWANCE-CLOSE> 4,126,799 <ALLOWANCE-DOMESTIC> 4,126,799 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 200,000