<TABLE> <S> <C>


<ARTICLE>                                            9
<LEGEND>
This schedule contains summary financial information from SEC form 10-KSB and is
qualified in its entirety by reference to such financial information.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   10-MOS
<FISCAL-YEAR-END>                              DEC-31-1998
<PERIOD-START>                                 JAN-01-1998
<PERIOD-END>                                   DEC-31-1998
<CASH>                                          11,453,177
<INT-BEARING-DEPOSITS>                                   0
<FED-FUNDS-SOLD>                                         0
<TRADING-ASSETS>                                 6,500,000
<INVESTMENTS-HELD-FOR-SALE>                     27,007,300
<INVESTMENTS-CARRYING>                          27,007,300
<INVESTMENTS-MARKET>                            27,007,300
<LOANS>                                        137,882,260
<ALLOWANCE>                                      2,030,000
<TOTAL-ASSETS>                                 189,228,673
<DEPOSITS>                                     166,988,675
<SHORT-TERM>                                     2,000,000
<LIABILITIES-OTHER>                                628,610
<LONG-TERM>                                              0
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                              0
<COMMON>                                        22,260,646
<OTHER-SE>                                      (2,649,258)
<TOTAL-LIABILITIES-AND-EQUITY>                 189,228,673
<INTEREST-LOAN>                                  5,338,963
<INTEREST-INVEST>                                1,465,142
<INTEREST-OTHER>                                         0
<INTEREST-TOTAL>                                 6,804,105
<INTEREST-DEPOSIT>                               3,186,309
<INTEREST-EXPENSE>                               3,190,237
<INTEREST-INCOME-NET>                            3,613,868
<LOAN-LOSSES>                                    2,022,500
<SECURITIES-GAINS>                                       0
<EXPENSE-OTHER>                                  4,763,301
<INCOME-PRETAX>                                 (2,488,551)
<INCOME-PRE-EXTRAORDINARY>                      (2,488,551)
<EXTRAORDINARY>                                          0
<CHANGES>                                                0
<NET-INCOME>                                    (2,488,551)
<EPS-PRIMARY>                                        (1.22)
<EPS-DILUTED>                                        (1.22)
<YIELD-ACTUAL>                                        4.21
<LOANS-NON>                                              0
<LOANS-PAST>                                             0
<LOANS-TROUBLED>                                         0
<LOANS-PROBLEM>                                          0
<ALLOWANCE-OPEN>                                     7,050
<CHARGE-OFFS>                                            0
<RECOVERIES>                                             0
<ALLOWANCE-CLOSE>                                2,030,000
<ALLOWANCE-DOMESTIC>                             2,030,000
<ALLOWANCE-FOREIGN>                                      0
<ALLOWANCE-UNALLOCATED>                            937,000
        

</TABLE>