<ARTICLE> 9 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-K FOR THE FISCAL YEAR ENDED DECEMBER 31, 1997 AND IS QUALIFIED IN ITS ENTIRTY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 12,914,021 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 35,125,191 <INVESTMENTS-CARRYING> 51,755,433 <INVESTMENTS-MARKET> 0 <LOANS> 217,450,749 <ALLOWANCE> 2,293,495 <TOTAL-ASSETS> 325,655,304 <DEPOSITS> 280,547,574 <SHORT-TERM> 9,836,625 <LIABILITIES-OTHER> 3,369,747 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 4,549,563 <OTHER-SE> 27,351,795 <TOTAL-LIABILITIES-AND-EQUITY> 325,655,304 <INTEREST-LOAN> 18,787,063 <INTEREST-INVEST> 5,564,728 <INTEREST-OTHER> 154,917 <INTEREST-TOTAL> 24,506,708 <INTEREST-DEPOSIT> 10,268,235 <INTEREST-EXPENSE> 10,575,486 <INTEREST-INCOME-NET> 13,931,222 <LOAN-LOSSES> 600,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 10,288,699 <INCOME-PRETAX> 5,917,554 <INCOME-PRE-EXTRAORDINARY> 5,917,554 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,099,769 <EPS-PRIMARY> 1.13 <EPS-DILUTED> 1.11 <YIELD-ACTUAL> 4.70 <LOANS-NON> 51,000 <LOANS-PAST> 167,000 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 1,986,000 <CHARGE-OFFS> 457,000 <RECOVERIES> 165,000 <ALLOWANCE-CLOSE> 2,294,000 <ALLOWANCE-DOMESTIC> 2,054,000 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 240,000