<ARTICLE> 9 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <CASH> 8,597,985 <INT-BEARING-DEPOSITS> 6,435,907 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 17,662,904 <INVESTMENTS-CARRYING> 18,598,364 <INVESTMENTS-MARKET> 17,662,904 <LOANS> 65,346,006 <ALLOWANCE> 399,445 <TOTAL-ASSETS> 95,948,942 <DEPOSITS> 72,767,893 <SHORT-TERM> 0 <LIABILITIES-OTHER> 1,206,955 <LONG-TERM> 1,206,955 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 16,531 <OTHER-SE> 21,957,563 <TOTAL-LIABILITIES-AND-EQUITY> 95,948,942 <INTEREST-LOAN> 3,975,724 <INTEREST-INVEST> 745,373 <INTEREST-OTHER> 459,785 <INTEREST-TOTAL> 5,180,882 <INTEREST-DEPOSIT> 2,687,671 <INTEREST-EXPENSE> 2,715,974 <INTEREST-INCOME-NET> 2,464,908 <LOAN-LOSSES> 52,536 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 1,752,524 <INCOME-PRETAX> 1,053,462 <INCOME-PRE-EXTRAORDINARY> 1,053,462 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 632,092 <EPS-PRIMARY> .410 <EPS-DILUTED> .380 <YIELD-ACTUAL> 0 <LOANS-NON> 169,826 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 364,626 <CHARGE-OFFS> 0 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 399,445 <ALLOWANCE-DOMESTIC> 399,445 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0