<ARTICLE> 9 <MULTIPLIER> 1 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> MAR-31-1997 <CASH> 7,702,751 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 6,340,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 7,051,975 <INVESTMENTS-CARRYING> 71,130,275 <INVESTMENTS-MARKET> 71,857,000 <LOANS> 79,491,881 <ALLOWANCE> 1,160,377 <TOTAL-ASSETS> 177,078,322 <DEPOSITS> 147,932,551 <SHORT-TERM> 2,998,948 <LIABILITIES-OTHER> 968,234 <LONG-TERM> 0 <COMMON> 11,442,020 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 13,736,569 <TOTAL-LIABILITIES-AND-EQUITY> 177,078,322 <INTEREST-LOAN> 1,804,340 <INTEREST-INVEST> 1,303,555 <INTEREST-OTHER> 100,157 <INTEREST-TOTAL> 3,208,052 <INTEREST-DEPOSIT> 1,196,262 <INTEREST-EXPENSE> 1,232,143 <INTEREST-INCOME-NET> 1,975,909 <LOAN-LOSSES> 30,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 1,413,453 <INCOME-PRETAX> 722,200 <INCOME-PRE-EXTRAORDINARY> 560,095 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 560,095 <EPS-PRIMARY> .49 <EPS-DILUTED> .49 <YIELD-ACTUAL> 5.19 <LOANS-NON> 470,435 <LOANS-PAST> 126,676 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 2,221,448 <ALLOWANCE-OPEN> 1,150,917 <CHARGE-OFFS> 29,364 <RECOVERIES> 8,824 <ALLOWANCE-CLOSE> 1,160,377 <ALLOWANCE-DOMESTIC> 93,901 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 1,066,476