<TABLE> <S> <C>

<PAGE>
 
<ARTICLE> 9
<LEGEND> This schedule contains summary financial information extracted from 
the consolidated condensed statement of financial condition and the consolidated
condensed statement of income and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               JUN-30-1997
<CASH>                                         637,863          
<INT-BEARING-DEPOSITS>                       7,244,336          
<FED-FUNDS-SOLD>                                     0          
<TRADING-ASSETS>                                     0          
<INVESTMENTS-HELD-FOR-SALE>                 25,315,061          
<INVESTMENTS-CARRYING>                               0          
<INVESTMENTS-MARKET>                                 0          
<LOANS>                                    172,430,540          
<ALLOWANCE>                                  2,077,959          
<TOTAL-ASSETS>                             212,868,592          
<DEPOSITS>                                 136,257,906          
<SHORT-TERM>                                16,250,000          
<LIABILITIES-OTHER>                          1,803,907          
<LONG-TERM>                                 10,300,000          
<PREFERRED-MANDATORY>                                0          
<PREFERRED>                                          0
<COMMON>                                        40,111
<OTHER-SE>                                  48,216,668          
<TOTAL-LIABILITIES-AND-EQUITY>             212,868,592          
<INTEREST-LOAN>                              7,055,562          
<INTEREST-INVEST>                              780,948          
<INTEREST-OTHER>                                     0          
<INTEREST-TOTAL>                             7,836,510          
<INTEREST-DEPOSIT>                           3,130,329          
<INTEREST-EXPENSE>                           3,750,115          
<INTEREST-INCOME-NET>                        4,086,395          
<LOAN-LOSSES>                                  120,000          
<SECURITIES-GAINS>                                   0          
<EXPENSE-OTHER>                              2,228,688          
<INCOME-PRETAX>                              2,820,690          
<INCOME-PRE-EXTRAORDINARY>                           0          
<EXTRAORDINARY>                                      0          
<CHANGES>                                            0          
<NET-INCOME>                                 1,848,474          
<EPS-PRIMARY>                                      .57      
<EPS-DILUTED>                                      .57      
<YIELD-ACTUAL>                                    7.89      
<LOANS-NON>                                    132,000      
<LOANS-PAST>                                         0      
<LOANS-TROUBLED>                                     0      
<LOANS-PROBLEM>                                      0      
<ALLOWANCE-OPEN>                             1,952,887      
<CHARGE-OFFS>                                    5,000      
<RECOVERIES>                                    10,000          
<ALLOWANCE-CLOSE>                            2,077,959          
<ALLOWANCE-DOMESTIC>                         2,077,959          
<ALLOWANCE-FOREIGN>                                  0          
<ALLOWANCE-UNALLOCATED>                              0           
        

</TABLE>