<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 21,771,334 <INT-BEARING-DEPOSITS> 30,445 <FED-FUNDS-SOLD> 11,200,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 50,553,106 <INVESTMENTS-CARRYING> 77,657,283 <INVESTMENTS-MARKET> 78,388,682 <LOANS> 326,864,526 <ALLOWANCE> 4,991,293 <TOTAL-ASSETS> 498,566,286 <DEPOSITS> 403,588,265 <SHORT-TERM> 3,469,272 <LIABILITIES-OTHER> 5,687,864 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 9,033,432 <OTHER-SE> 76,787,453 <TOTAL-LIABILITIES-AND-EQUITY> 498,566,286 <INTEREST-LOAN> 7,996,717 <INTEREST-INVEST> 1,942,696 <INTEREST-OTHER> 298 <INTEREST-TOTAL> 9,939,711 <INTEREST-DEPOSIT> 3,491,786 <INTEREST-EXPENSE> 3,536,310 <INTEREST-INCOME-NET> 6,403,401 <LOAN-LOSSES> 255,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 2,502,136 <INCOME-PRETAX> 4,985,481 <INCOME-PRE-EXTRAORDINARY> 4,985,481 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,256,723 <EPS-PRIMARY> .36 <EPS-DILUTED> .36 <YIELD-ACTUAL> 0 <LOANS-NON> 0 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 0 <CHARGE-OFFS> 0 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 0 <ALLOWANCE-DOMESTIC> 0 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0