<ARTICLE> 9 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 4,186 <INT-BEARING-DEPOSITS> 250 <FED-FUNDS-SOLD> 11,900 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 26,478 <INVESTMENTS-CARRYING> 14,000 <INVESTMENTS-MARKET> 14,010 <LOANS> 61,252 <ALLOWANCE> 2,023 <TOTAL-ASSETS> 119,405 <DEPOSITS> 97,388 <SHORT-TERM> 8,550 <LIABILITIES-OTHER> 1,027 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 7,350 <COMMON> 24,613 <OTHER-SE> (19,523) <TOTAL-LIABILITIES-AND-EQUITY> 119,405 <INTEREST-LOAN> 5,947 <INTEREST-INVEST> 1,940 <INTEREST-OTHER> 713 <INTEREST-TOTAL> 8,600 <INTEREST-DEPOSIT> 2,756 <INTEREST-EXPENSE> 2,856 <INTEREST-INCOME-NET> 5,744 <LOAN-LOSSES> 0 <SECURITIES-GAINS> (37) <EXPENSE-OTHER> 6,098 <INCOME-PRETAX> 132 <INCOME-PRE-EXTRAORDINARY> 132 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 132 <EPS-PRIMARY> 0.20 <EPS-DILUTED> 0.08 <YIELD-ACTUAL> 5.63 <LOANS-NON> 1,201 <LOANS-PAST> 0 <LOANS-TROUBLED> 5,422 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 2,969 <CHARGE-OFFS> 1,315 <RECOVERIES> 369 <ALLOWANCE-CLOSE> 2,023 <ALLOWANCE-DOMESTIC> 1,424 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 599