<ARTICLE> 9 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> DEC-31-1996 <CASH> 3,544,110 <INT-BEARING-DEPOSITS> 320,202 <FED-FUNDS-SOLD> 5,380,000 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 5,983,461 <INVESTMENTS-CARRYING> 8,476,638 <INVESTMENTS-MARKET> 8,489,053 <LOANS> 69,624,369 <ALLOWANCE> (527,507) <TOTAL-ASSETS> 96,769,401 <DEPOSITS> 88,760,971 <SHORT-TERM> 0 <LIABILITIES-OTHER> 1,175,201 <LONG-TERM> 74,561 <PREFERRED-MANDATORY> 0 <PREFERRED> 932 <COMMON> 8,163 <OTHER-SE> 6,749,573 <TOTAL-LIABILITIES-AND-EQUITY> 96,769,401 <INTEREST-LOAN> 5,566,650 <INTEREST-INVEST> 977,117 <INTEREST-OTHER> 245,113 <INTEREST-TOTAL> 6,788,880 <INTEREST-DEPOSIT> 2,451,561 <INTEREST-EXPENSE> 2,530,190 <INTEREST-INCOME-NET> 4,258,690 <LOAN-LOSSES> (85,000) <SECURITIES-GAINS> 9,157 <EXPENSE-OTHER> 6,123,167 <INCOME-PRETAX> (831,755) <INCOME-PRE-EXTRAORDINARY> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (831,755) <EPS-PRIMARY> (1.03) <EPS-DILUTED> 0 <YIELD-ACTUAL> 4.95 <LOANS-NON> 800,000 <LOANS-PAST> 408,000 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 476,132 <CHARGE-OFFS> (42,271) <RECOVERIES> 8,646 <ALLOWANCE-CLOSE> 527,507 <ALLOWANCE-DOMESTIC> 527,507 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0