<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 5,487,156 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 15,045,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 13,008,431 <INVESTMENTS-CARRYING> 65,605,916 <INVESTMENTS-MARKET> 67,274,000 <LOANS> 83,272,647 <ALLOWANCE> 1,254,506 <TOTAL-ASSETS> 187,697,693 <DEPOSITS> 155,053,940 <SHORT-TERM> 4,689,589 <LIABILITIES-OTHER> 1,175,128 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 11,447,640 <OTHER-SE> 15,331,396 <TOTAL-LIABILITIES-AND-EQUITY> 187,697,693 <INTEREST-LOAN> 1,840,948 <INTEREST-INVEST> 1,251,698 <INTEREST-OTHER> 132,224 <INTEREST-TOTAL> 3,224,870 <INTEREST-DEPOSIT> 1,189,487 <INTEREST-EXPENSE> 1,236,317 <INTEREST-INCOME-NET> 1,988,553 <LOAN-LOSSES> 30,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 1,460,103 <INCOME-PRETAX> 723,915 <INCOME-PRE-EXTRAORDINARY> 576,537 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 576,537 <EPS-PRIMARY> .51 <EPS-DILUTED> .51 <YIELD-ACTUAL> 5.17 <LOANS-NON> 523,162 <LOANS-PAST> 37,047 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 2,873,815 <ALLOWANCE-OPEN> 1,232,464 <CHARGE-OFFS> 17,793 <RECOVERIES> 9,835 <ALLOWANCE-CLOSE> 1,254,506 <ALLOWANCE-DOMESTIC> 106,741 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 1,147,765