<ARTICLE> 9 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> SEP-30-1997 <CASH> 24,778,099 <INT-BEARING-DEPOSITS> 84,073 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 51,777,912 <INVESTMENTS-CARRYING> 77,562,252 <INVESTMENTS-MARKET> 79,177,179 <LOANS> 346,807,858 <ALLOWANCE> 5,179,577 <TOTAL-ASSETS> 512,376,839 <DEPOSITS> 413,396,146 <SHORT-TERM> 4,921,843 <LIABILITIES-OTHER> 2,653,446 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 9,037,841 <OTHER-SE> 82,367,563 <TOTAL-LIABILITIES-AND-EQUITY> 512,376,839 <INTEREST-LOAN> 25,447,710 <INTEREST-INVEST> 5,695,418 <INTEREST-OTHER> 128,342 <INTEREST-TOTAL> 31,271,470 <INTEREST-DEPOSIT> 10,824,901 <INTEREST-EXPENSE> 10,994,094 <INTEREST-INCOME-NET> 20,277,376 <LOAN-LOSSES> 875,000 <SECURITIES-GAINS> 3,695 <EXPENSE-OTHER> 8,175,453 <INCOME-PRETAX> 14,914,756 <INCOME-PRE-EXTRAORDINARY> 14,914,756 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 10,047,208 <EPS-PRIMARY> 1.11 <EPS-DILUTED> 1.11 <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