<ARTICLE> 9 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 2,533,868 <INT-BEARING-DEPOSITS> 499,000 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 8,862,069 <INVESTMENTS-CARRYING> 2,630,337 <INVESTMENTS-MARKET> 2,571,777 <LOANS> 27,733,520 <ALLOWANCE> 264,800 <TOTAL-ASSETS> 43,449,458 <DEPOSITS> 38,742,444 <SHORT-TERM> 1,233,000 <LIABILITIES-OTHER> 331,772 <LONG-TERM> 0 <COMMON> 1,212,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 1,930,242 <TOTAL-LIABILITIES-AND-EQUITY> 43,449,458 <INTEREST-LOAN> 1,811,630 <INTEREST-INVEST> 578,950 <INTEREST-OTHER> 42,253 <INTEREST-TOTAL> 2,432,833 <INTEREST-DEPOSIT> 1,125,215 <INTEREST-EXPENSE> 1,143,492 <INTEREST-INCOME-NET> 1,289,341 <LOAN-LOSSES> 95,000 <SECURITIES-GAINS> 7,383 <EXPENSE-OTHER> 1,104,384 <INCOME-PRETAX> 276,459 <INCOME-PRE-EXTRAORDINARY> 276,459 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 209,943 <EPS-PRIMARY> 1.73 <EPS-DILUTED> 1.73 <YIELD-ACTUAL> 4.33 <LOANS-NON> 35,756 <LOANS-PAST> 36,396 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 293,838 <ALLOWANCE-OPEN> 252,174 <CHARGE-OFFS> 104,718 <RECOVERIES> 22,344 <ALLOWANCE-CLOSE> 264,800 <ALLOWANCE-DOMESTIC> 264,800 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0