<ARTICLE> 9 <LEGEND> The schedule contains summary financial information extracted from the Form 10-Q for the quarter ended March 31, 1997 and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 2,677,449 <INT-BEARING-DEPOSITS> 5,549,273 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 1,315,774 <INVESTMENTS-HELD-FOR-SALE> 41,843,168 <INVESTMENTS-CARRYING> 95,473,528 <INVESTMENTS-MARKET> 94,782,843 <LOANS> 250,588,925 <ALLOWANCE> 816,415 <TOTAL-ASSETS> 407,800,094 <DEPOSITS> 325,973,731 <SHORT-TERM> 18,711,000 <LIABILITIES-OTHER> 5,346,853 <LONG-TERM> 31,000,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 13,686 <OTHER-SE> 26,754,824 <TOTAL-LIABILITIES-AND-EQUITY> 407,800,094 <INTEREST-LOAN> 4,748,011 <INTEREST-INVEST> 2,453,013 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 7,201,024 <INTEREST-DEPOSIT> 3,608,399 <INTEREST-EXPENSE> 4,384,133 <INTEREST-INCOME-NET> 2,816,891 <LOAN-LOSSES> 45,000 <SECURITIES-GAINS> 106,705 <EXPENSE-OTHER> 2,529,261 <INCOME-PRETAX> 1,003,544 <INCOME-PRE-EXTRAORDINARY> 647,844 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 647,844 <EPS-PRIMARY> .49 <EPS-DILUTED> .49 <YIELD-ACTUAL> 2.85 <LOANS-NON> 1,004,000 <LOANS-PAST> 77,000 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 967,360 <CHARGE-OFFS> 199,301 <RECOVERIES> 3,356 <ALLOWANCE-CLOSE> 816,415 <ALLOWANCE-DOMESTIC> 140,385 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 676,030