<TABLE> <S> <C>

<ARTICLE> 9

<S>                             <C>                     <C>
<PERIOD-TYPE>                   6-MOS                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999             DEC-31-1998
<PERIOD-START>                             JAN-01-1999             JAN-01-1998
<PERIOD-END>                               JUN-30-1999             JUN-30-1998
<CASH>                                       1,679,150               2,590,394
<INT-BEARING-DEPOSITS>                               0                       0
<FED-FUNDS-SOLD>                                     0                       0
<TRADING-ASSETS>                                     0                       0
<INVESTMENTS-HELD-FOR-SALE>                 17,684,446                       0
<INVESTMENTS-CARRYING>                      17,684,446                       0
<INVESTMENTS-MARKET>                        17,684,446                       0
<LOANS>                                     22,529,852              34,575,883
<ALLOWANCE>                                     12,000                  12,000
<TOTAL-ASSETS>                              42,338,997              42,150,299
<DEPOSITS>                                           0                       0
<SHORT-TERM>                                         0                       0
<LIABILITIES-OTHER>                            471,502                       0
<LONG-TERM>                                          0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                 20,700,000              20,700,000
<COMMON>                                     6,623,100               6,623,100
<OTHER-SE>                                  14,544,395              14,827,200
<TOTAL-LIABILITIES-AND-EQUITY>              42,338,997              42,150,300
<INTEREST-LOAN>                                963,359               1,567,999
<INTEREST-INVEST>                              352,540                       0
<INTEREST-OTHER>                                     0                       0
<INTEREST-TOTAL>                             1,315,899               1,567,999
<INTEREST-DEPOSIT>                                   0                       0
<INTEREST-EXPENSE>                                   0                       0
<INTEREST-INCOME-NET>                        1,315,899               1,567,999
<LOAN-LOSSES>                                        0                  12,000
<SECURITIES-GAINS>                                   0                       0
<EXPENSE-OTHER>                                135,537               1,049,659
<INCOME-PRETAX>                                279,912                 506,340
<INCOME-PRE-EXTRAORDINARY>                     279,912                 506,340
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                   279,912                 506,340
<EPS-BASIC>                                      12.68                   22.94
<EPS-DILUTED>                                    12.68                   22.94
<YIELD-ACTUAL>                                    7.70                    9.00
<LOANS-NON>                                          0                       0
<LOANS-PAST>                                         0                       0
<LOANS-TROUBLED>                                     0                       0
<LOANS-PROBLEM>                                      0                       0
<ALLOWANCE-OPEN>                                     0                       0
<CHARGE-OFFS>                                        0                       0
<RECOVERIES>                                         0                       0
<ALLOWANCE-CLOSE>                                    0                       0
<ALLOWANCE-DOMESTIC>                                 0                       0
<ALLOWANCE-FOREIGN>                                  0                       0
<ALLOWANCE-UNALLOCATED>                              0                       0


</TABLE>