<ARTICLE> 9 <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE SEPTEMBER 30, 1998, CONSOLIDATED BALANCE SHEET AND THE CONSOLIDATED STATEMENT OF INCOME FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1998, AND IS QUALIFIED IN ITS ENTIRELY BY REFERENCE TO SUCH STATEMENTS. </LEGEND> <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <CASH> 541,059 <INT-BEARING-DEPOSITS> 938,581 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 6,613,474 <INVESTMENTS-CARRYING> 10,602,844 <INVESTMENTS-MARKET> 10,623,033 <LOANS> 14,640,159 <ALLOWANCE> 303,025 <TOTAL-ASSETS> 34,467,566 <DEPOSITS> 29,366,889 <SHORT-TERM> 0 <LIABILITIES-OTHER> 286,894 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2,666 <OTHER-SE> (169,280) <TOTAL-LIABILITIES-AND-EQUITY> 34,467,566 <INTEREST-LOAN> 328,820 <INTEREST-INVEST> 263,161 <INTEREST-OTHER> 22,558 <INTEREST-TOTAL> 614,539 <INTEREST-DEPOSIT> 316,413 <INTEREST-EXPENSE> 0 <INTEREST-INCOME-NET> 298,126 <LOAN-LOSSES> 0 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 227,814 <INCOME-PRETAX> 157,822 <INCOME-PRE-EXTRAORDINARY> 157,822 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 106,334 <EPS-PRIMARY> .14 <EPS-DILUTED> .14 <YIELD-ACTUAL> 7.56 <LOANS-NON> 132,242 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 157,635 <ALLOWANCE-OPEN> 301,282 <CHARGE-OFFS> 1,743 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 303,025 <ALLOWANCE-DOMESTIC> 21,085 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 281,940