<ARTICLE> 9 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <CASH> 3,606,025 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 8,630,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 10,235,069 <INVESTMENTS-CARRYING> 3,747,976 <INVESTMENTS-MARKET> 3,808,733 <LOANS> 48,185,800 <ALLOWANCE> 836,554 <TOTAL-ASSETS> 76,499,056 <DEPOSITS> 67,691,940 <SHORT-TERM> 390,000 <LIABILITIES-OTHER> 528,341 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,500,000 <OTHER-SE> 6,388,775 <TOTAL-LIABILITIES-AND-EQUITY> 76,499,056 <INTEREST-LOAN> 3,236,096 <INTEREST-INVEST> 616,975 <INTEREST-OTHER> 327,189 <INTEREST-TOTAL> 4,180,260 <INTEREST-DEPOSIT> 1,922,301 <INTEREST-EXPENSE> 1,937,219 <INTEREST-INCOME-NET> 2,243,041 <LOAN-LOSSES> 170,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 14,918 <INCOME-PRETAX> 1,074,445 <INCOME-PRE-EXTRAORDINARY> 1,074,445 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 720,865 <EPS-PRIMARY> 2.41 <EPS-DILUTED> 2.41 <YIELD-ACTUAL> 4.54 <LOANS-NON> 810,560 <LOANS-PAST> 4,000 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 898,554 <ALLOWANCE-OPEN> 743,260 <CHARGE-OFFS> 89,960 <RECOVERIES> 13,254 <ALLOWANCE-CLOSE> 836,554 <ALLOWANCE-DOMESTIC> 836,554 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0