<ARTICLE> 9 <MULTIPLIER> 1,000 <CURRENCY> U.S. <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <EXCHANGE-RATE> 1.00 <CASH> 569 <INT-BEARING-DEPOSITS> 2,275 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 25,067 <INVESTMENTS-CARRYING> 39,780 <INVESTMENTS-MARKET> 39,619 <LOANS> 35,613 <ALLOWANCE> 75 <TOTAL-ASSETS> 107,723 <DEPOSITS> 77,031 <SHORT-TERM> 5,000 <LIABILITIES-OTHER> 1,294 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,223 <OTHER-SE> 23,175 <TOTAL-LIABILITIES-AND-EQUITY> 107,723 <INTEREST-LOAN> 815 <INTEREST-INVEST> 971 <INTEREST-OTHER> 39 <INTEREST-TOTAL> 1,825 <INTEREST-DEPOSIT> 846 <INTEREST-EXPENSE> 851 <INTEREST-INCOME-NET> 974 <LOAN-LOSSES> 0 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 535 <INCOME-PRETAX> 580 <INCOME-PRE-EXTRAORDINARY> 580 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 362 <EPS-PRIMARY> .30 <EPS-DILUTED> .30 <YIELD-ACTUAL> 7.25 <LOANS-NON> 0 <LOANS-PAST> 58 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 442 <ALLOWANCE-OPEN> 75 <CHARGE-OFFS> 0 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 75 <ALLOWANCE-DOMESTIC> 75 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 75