<TABLE> <S> <C>

<PAGE>

<ARTICLE> 9
       
<S>                             <C>                     <C>
<PERIOD-TYPE>                   YEAR                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1997             DEC-31-1996
<PERIOD-START>                             JAN-01-1997             JAN-01-1996
<PERIOD-END>                               DEC-31-1997             DEC-31-1996
<CASH>                                       1,263,868               1,451,727
<INT-BEARING-DEPOSITS>                       5,944,621               2,000,000
<FED-FUNDS-SOLD>                           151,095,000                 500,000
<TRADING-ASSETS>                                     0                       0
<INVESTMENTS-HELD-FOR-SALE>                 26,698,853               5,125,452
<INVESTMENTS-CARRYING>                      51,566,329              95,946,689
<INVESTMENTS-MARKET>                        51,963,937              95,761,674
<LOANS>                                    103,707,605              95,713,334
<ALLOWANCE>                                    237,444                 217,444
<TOTAL-ASSETS>                             343,995,028             204,398,031
<DEPOSITS>                                 320,632,601             183,827,366
<SHORT-TERM>                                         0               1,317,000
<LIABILITIES-OTHER>                          3,426,350               2,430,117
<LONG-TERM>                                          0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                             0                       0
<OTHER-SE>                                  19,936,077              16,823,548
<TOTAL-LIABILITIES-AND-EQUITY>             343,995,028             204,398,031
<INTEREST-LOAN>                              7,606,685               6,823,842
<INTEREST-INVEST>                            5,118,033               5,774,668
<INTEREST-OTHER>                             1,586,451                 621,041
<INTEREST-TOTAL>                            14,311,169              13,219,551
<INTEREST-DEPOSIT>                           9,340,884               9,731,511
<INTEREST-EXPENSE>                           9,350,220               9,756,533
<INTEREST-INCOME-NET>                        4,960,949               3,463,018
<LOAN-LOSSES>                                   20,000                 100,000
<SECURITIES-GAINS>                                   0                       0
<EXPENSE-OTHER>                              2,407,845               3,673,666
<INCOME-PRETAX>                              3,060,823                 279,215
<INCOME-PRE-EXTRAORDINARY>                   3,060,823                 279,215
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                 2,022,569                 194,534
<EPS-PRIMARY>                                        0                       0
<EPS-DILUTED>                                        0                       0
<YIELD-ACTUAL>                                    2.33                    1.70
<LOANS-NON>                                          0                       0
<LOANS-PAST>                                   163,000                 266,000
<LOANS-TROUBLED>                                     0                       0
<LOANS-PROBLEM>                                866,000                       0
<ALLOWANCE-OPEN>                               216,444                 122,252
<CHARGE-OFFS>                                        0                   4,808
<RECOVERIES>                                         0                       0
<ALLOWANCE-CLOSE>                              237,444                 217,444
<ALLOWANCE-DOMESTIC>                           237,444                 217,444
<ALLOWANCE-FOREIGN>                                  0                       0
<ALLOWANCE-UNALLOCATED>                              0                       0
        

</TABLE>