<ARTICLE> 9 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 16,790,423 <INT-BEARING-DEPOSITS> 180,000 <FED-FUNDS-SOLD> 8,718,721 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 82,142,929 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 412,478,828 <ALLOWANCE> 5,408,854 <TOTAL-ASSETS> 537,154,779 <DEPOSITS> 450,813,000 <SHORT-TERM> 9,500,000 <LIABILITIES-OTHER> 6,048,316 <LONG-TERM> 28,890,290 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 11,439,255 <OTHER-SE> 30,463,695 <TOTAL-LIABILITIES-AND-EQUITY> 537,154,779 <INTEREST-LOAN> 34,671,890 <INTEREST-INVEST> 4,264,923 <INTEREST-OTHER> 896,714 <INTEREST-TOTAL> 39,833,527 <INTEREST-DEPOSIT> 17,342,766 <INTEREST-EXPENSE> 18,742,699 <INTEREST-INCOME-NET> 21,090,828 <LOAN-LOSSES> 1,080,000 <SECURITIES-GAINS> 72,468 <EXPENSE-OTHER> 23,630,011 <INCOME-PRETAX> 6,351,212 <INCOME-PRE-EXTRAORDINARY> 4,277,877 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,277,877 <EPS-PRIMARY> 1.05 <EPS-DILUTED> 1.05 <YIELD-ACTUAL> 4.55 <LOANS-NON> 1,880,000 <LOANS-PAST> 1,742,000 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 10,238,000 <ALLOWANCE-OPEN> 5,239,601 <CHARGE-OFFS> 1,335,492 <RECOVERIES> 424,745 <ALLOWANCE-CLOSE> 5,408,854 <ALLOWANCE-DOMESTIC> 3,874,000 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 1,534,854