<ARTICLE> 9 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF OPERATIONS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> MAR-31-1996 <CASH> 6,614,059 <INT-BEARING-DEPOSITS> 364 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 30,119,990 <INVESTMENTS-CARRYING> 40,154,043 <INVESTMENTS-MARKET> 40,037,126 <LOANS> 157,149,580 <ALLOWANCE> 2,592,628 <TOTAL-ASSETS> 239,135,165 <DEPOSITS> 203,879,678 <SHORT-TERM> 2,596,353 <LIABILITIES-OTHER> 1,890,667 <LONG-TERM> 2,500,000 <COMMON> 7,931,575 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 20,336,892 <TOTAL-LIABILITIES-AND-EQUITY> 239,135,165 <INTEREST-LOAN> 3,519,639 <INTEREST-INVEST> 1,046,126 <INTEREST-OTHER> 9,087 <INTEREST-TOTAL> 4,574,852 <INTEREST-DEPOSIT> 1,847,622 <INTEREST-EXPENSE> 1,921,461 <INTEREST-INCOME-NET> 2,653,391 <LOAN-LOSSES> 15,000 <SECURITIES-GAINS> 16,324 <EXPENSE-OTHER> 1,766,217 <INCOME-PRETAX> 1,178,873 <INCOME-PRE-EXTRAORDINARY> 811,989 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 811,989 <EPS-PRIMARY> 1.28 <EPS-DILUTED> 1.28 <YIELD-ACTUAL> 4.64 <LOANS-NON> 841,872 <LOANS-PAST> 531,154 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 737,503 <ALLOWANCE-OPEN> 2,614,190 <CHARGE-OFFS> 48,770 <RECOVERIES> 12,208 <ALLOWANCE-CLOSE> 2,592,628 <ALLOWANCE-DOMESTIC> 2,592,628 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0