<ARTICLE> 9 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1997 <CASH> 15,196,973 <INT-BEARING-DEPOSITS> 180,000 <FED-FUNDS-SOLD> 7,765,398 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 71,354,881 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 356,773,697 <ALLOWANCE> 5,497,319 <TOTAL-ASSETS> 463,764,141 <DEPOSITS> 408,874,341 <SHORT-TERM> 1,187,464 <LIABILITIES-OTHER> 4,159,421 <LONG-TERM> 5,000,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 4,898,173 <OTHER-SE> 39,644,742 <TOTAL-LIABILITIES-AND-EQUITY> 463,764,141 <INTEREST-LOAN> 24,130,637 <INTEREST-INVEST> 3,002,536 <INTEREST-OTHER> 633,933 <INTEREST-TOTAL> 27,767,106 <INTEREST-DEPOSIT> 11,907,408 <INTEREST-EXPENSE> 12,078,342 <INTEREST-INCOME-NET> 15,688,764 <LOAN-LOSSES> 696,000 <SECURITIES-GAINS> 31,524 <EXPENSE-OTHER> 13,943,869 <INCOME-PRETAX> 6,187,696 <INCOME-PRE-EXTRAORDINARY> 6,187,696 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,212,552 <EPS-PRIMARY> 1.84 <EPS-DILUTED> 1.84 <YIELD-ACTUAL> 4.81 <LOANS-NON> 2,816,000 <LOANS-PAST> 656,000 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 3,100,000 <ALLOWANCE-OPEN> 5,066,600 <CHARGE-OFFS> 411,901 <RECOVERIES> 146,620 <ALLOWANCE-CLOSE> 5,497,319 <ALLOWANCE-DOMESTIC> 4,797,319 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 700,000