<ARTICLE> 9 <RESTATED> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 4,606 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 19,560 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 110,229 <ALLOWANCE> 1,611 <TOTAL-ASSETS> 138,453 <DEPOSITS> 122,441 <SHORT-TERM> 0 <LIABILITIES-OTHER> 4,124 <LONG-TERM> 173 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 6,039 <OTHER-SE> 5,676 <TOTAL-LIABILITIES-AND-EQUITY> 138,453 <INTEREST-LOAN> 2,687 <INTEREST-INVEST> 285 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 2,972 <INTEREST-DEPOSIT> 1,250 <INTEREST-EXPENSE> 1,298 <INTEREST-INCOME-NET> 1,674 <LOAN-LOSSES> 111 <SECURITIES-GAINS> (10) <EXPENSE-OTHER> 1,678 <INCOME-PRETAX> 747 <INCOME-PRE-EXTRAORDINARY> 747 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 474 <EPS-PRIMARY> .86 <EPS-DILUTED> .84 <YIELD-ACTUAL> 9.32 <LOANS-NON> 241 <LOANS-PAST> 202 <LOANS-TROUBLED> 85 <LOANS-PROBLEM> 648 <ALLOWANCE-OPEN> 1,544 <CHARGE-OFFS> 54 <RECOVERIES> 10 <ALLOWANCE-CLOSE> 1,611 <ALLOWANCE-DOMESTIC> 855 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 756