<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1997 <CASH> 2,137,196 <INT-BEARING-DEPOSITS> 10,000 <FED-FUNDS-SOLD> 3,940,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 10,169,286 <INVESTMENTS-CARRYING> 6,635,505 <INVESTMENTS-MARKET> 6,609,561 <LOANS> 34,601,318 <ALLOWANCE> 663,505 <TOTAL-ASSETS> 59,095,890 <DEPOSITS> 52,216,629 <SHORT-TERM> 0 <LIABILITIES-OTHER> 437,380 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,500,000 <OTHER-SE> 4,941,881 <TOTAL-LIABILITIES-AND-EQUITY> 59,095,890 <INTEREST-LOAN> 834,566 <INTEREST-INVEST> 255,917 <INTEREST-OTHER> 34,701 <INTEREST-TOTAL> 1,125,184 <INTEREST-DEPOSIT> 516,224 <INTEREST-EXPENSE> 0 <INTEREST-INCOME-NET> 608,960 <LOAN-LOSSES> 30,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 305,161 <INCOME-PRETAX> 337,881 <INCOME-PRE-EXTRAORDINARY> 337,881 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 225,881 <EPS-PRIMARY> 0.75 <EPS-DILUTED> 0.75 <YIELD-ACTUAL> 4.45 <LOANS-NON> 477,247 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 839,945 <ALLOWANCE-OPEN> 638,688 <CHARGE-OFFS> 9,452 <RECOVERIES> 4,269 <ALLOWANCE-CLOSE> 663,505 <ALLOWANCE-DOMESTIC> 663,505 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0