<TABLE> <S> <C>

<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED FINANCIAL INFORMATION INCORPORATED BY REFERENCE TO THE 1998 ANNUAL
INCORPORATE FINANCIAL REVIEW AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL INFORMATION.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                      19,778,095
<INT-BEARING-DEPOSITS>                     219,797,517
<FED-FUNDS-SOLD>                             2,500,000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                  3,437,580
<INVESTMENTS-CARRYING>                      92,789,341
<INVESTMENTS-MARKET>                         3,621,208
<LOANS>                                    232,948,135
<ALLOWANCE>                                  2,756,502
<TOTAL-ASSETS>                             357,167,992
<DEPOSITS>                                 280,115,159
<SHORT-TERM>                                 1,000,000
<LIABILITIES-OTHER>                         11,658,468
<LONG-TERM>                                 32,000,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     2,604,172
<OTHER-SE>                                  29,790,193
<TOTAL-LIABILITIES-AND-EQUITY>             357,167,992
<INTEREST-LOAN>                             19,495,192
<INTEREST-INVEST>                            4,196,973
<INTEREST-OTHER>                               708,878
<INTEREST-TOTAL>                            24,401,043
<INTEREST-DEPOSIT>                           8,889,770
<INTEREST-EXPENSE>                          10,123,896
<INTEREST-INCOME-NET>                       14,227,147
<LOAN-LOSSES>                                  780,000
<SECURITIES-GAINS>                             233,027
<EXPENSE-OTHER>                              9,027,643
<INCOME-PRETAX>                              6,119,406
<INCOME-PRE-EXTRAORDINARY>                   4,167,691
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 4,167,691
<EPS-PRIMARY>                                     1.46
<EPS-DILUTED>                                     1.44
<YIELD-ACTUAL>                                    3.66
<LOANS-NON>                                    785,360
<LOANS-PAST>                                 1,905,658
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                           (2,914,329)
<CHARGE-OFFS>                                  974,348
<RECOVERIES>                                    36,521
<ALLOWANCE-CLOSE>                          (2,756,502)
<ALLOWANCE-DOMESTIC>                       (2,756,502)
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                        535,000
        

</TABLE>