<ARTICLE> 9 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> SEP-30-1997 <CASH> 1,833,568 <INT-BEARING-DEPOSITS> 13,143,442 <FED-FUNDS-SOLD> 2,600,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 9,276,308 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 8,178,983 <ALLOWANCE> 136,502 <TOTAL-ASSETS> 23,812,682 <DEPOSITS> 16,984,260 <SHORT-TERM> 0 <LIABILITIES-OTHER> 116,354 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 735,868 <OTHER-SE> 5,976,200 <TOTAL-LIABILITIES-AND-EQUITY> 23,812,682 <INTEREST-LOAN> 0 <INTEREST-INVEST> 0 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 825,065 <INTEREST-DEPOSIT> 314,774 <INTEREST-EXPENSE> 315,809 <INTEREST-INCOME-NET> 509,256 <LOAN-LOSSES> 120,000 <SECURITIES-GAINS> 4,255 <EXPENSE-OTHER> 660,248 <INCOME-PRETAX> (243,620) <INCOME-PRE-EXTRAORDINARY> (243,620) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (243,620) <EPS-PRIMARY> (.33) <EPS-DILUTED> (.33) <YIELD-ACTUAL> 4.44 <LOANS-NON> 0 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 16,502 <CHARGE-OFFS> 0 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 136,502 <ALLOWANCE-DOMESTIC> 136,502 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0