<TABLE> <S> <C>


<ARTICLE>                                                        9
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE QUARTERLY
REPORT ON FORM 10-Q FOR THE FISCAL QUARTER ENDED MARCH 31, 1998 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>                                           1
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                                      DEC-31-1998
<PERIOD-END>                                           MAR-31-1998
<CASH>                                                 440,694
<INT-BEARING-DEPOSITS>                                 1,253,696
<FED-FUNDS-SOLD>                                       0
<TRADING-ASSETS>                                       0
<INVESTMENTS-HELD-FOR-SALE>                            28,315,744
<INVESTMENTS-CARRYING>                                 0
<INVESTMENTS-MARKET>                                   0
<LOANS>                                                41,682,273
<ALLOWANCE>                                            174,000
<TOTAL-ASSETS>                                         83,823,295
<DEPOSITS>                                             41,115,869
<SHORT-TERM>                                           18,000,000
<LIABILITIES-OTHER>                                    1,095,701
<LONG-TERM>                                            0
<PREFERRED-MANDATORY>                                  0
<PREFERRED>                                            0
<COMMON>                                               21,821
<OTHER-SE>                                             23,299,307
<TOTAL-LIABILITIES-AND-EQUITY>                         83,823,295
<INTEREST-LOAN>                                        872,756
<INTEREST-INVEST>                                      697,494
<INTEREST-OTHER>                                       33,016
<INTEREST-TOTAL>                                       1,603,166
<INTEREST-DEPOSIT>                                     430,803
<INTEREST-EXPENSE>                                     654,554
<INTEREST-INCOME-NET>                                  948,612
<LOAN-LOSSES>                                          0
<SECURITIES-GAINS>                                     23,039
<EXPENSE-OTHER>                                        345,267
<INCOME-PRETAX>                                        639,060
<INCOME-PRE-EXTRAORDINARY>                             639,060
<EXTRAORDINARY>                                        0
<CHANGES>                                              0
<NET-INCOME>                                           413,918
<EPS-PRIMARY>                                          0.21
<EPS-DILUTED>                                          0.21
<YIELD-ACTUAL>                                         4.56
<LOANS-NON>                                            1,509,956
<LOANS-PAST>                                           3,804,476
<LOANS-TROUBLED>                                       0
<LOANS-PROBLEM>                                        0
<ALLOWANCE-OPEN>                                       174,000
<CHARGE-OFFS>                                          12,000
<RECOVERIES>                                           0
<ALLOWANCE-CLOSE>                                      174,000
<ALLOWANCE-DOMESTIC>                                   0
<ALLOWANCE-FOREIGN>                                    0
<ALLOWANCE-UNALLOCATED>                                0
        


</TABLE>