<TABLE> <S> <C>

<ARTICLE> 9
<RESTATED> 
       
<S>                             <C>                     <C>
<PERIOD-TYPE>                   3-MOS                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999             DEC-31-1998
<PERIOD-START>                              JAN-1-1999              JAN-1-1998
<PERIOD-END>                               MAR-31-1999             MAR-31-1998
<CASH>                                       2,579,427               4,303,037
<INT-BEARING-DEPOSITS>                               0                       0
<FED-FUNDS-SOLD>                                     0                       0
<TRADING-ASSETS>                                     0                       0
<INVESTMENTS-HELD-FOR-SALE>                 13,875,481                       0
<INVESTMENTS-CARRYING>                      13,875,481                       0
<INVESTMENTS-MARKET>                        13,875,481                       0
<LOANS>                                     25,160,693              38,788,825
<ALLOWANCE>                                     12,000                  12,000
<TOTAL-ASSETS>                              41,976,506              43,313,931
<DEPOSITS>                                           0                       0
<SHORT-TERM>                                         0                       0
<LIABILITIES-OTHER>                            208,465               1,376,808
<LONG-TERM>                                          0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                 20,700,000              20,700,000
<COMMON>                                     6,623,100               6,623,100
<OTHER-SE>                                  14,444,941              14,614,023
<TOTAL-LIABILITIES-AND-EQUITY>              41,976,506              43,313,931
<INTEREST-LOAN>                                504,671                 828,133
<INTEREST-INVEST>                              185,697                       0
<INTEREST-OTHER>                                     0                       0
<INTEREST-TOTAL>                               690,368                 828,133
<INTEREST-DEPOSIT>                                   0                       0
<INTEREST-EXPENSE>                                   0                       0
<INTEREST-INCOME-NET>                          690,368               1,656,266
<LOAN-LOSSES>                                   12,000                  12,000
<SECURITIES-GAINS>                                   0                       0
<EXPENSE-OTHER>                                 75,757                  70,516
<INCOME-PRETAX>                                614,611                 745,618
<INCOME-PRE-EXTRAORDINARY>                     614,611                 745,618
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                   614,611                 745,618
<EPS-PRIMARY>                                     7.45                   13.36
<EPS-DILUTED>                                     7.45                   13.36
<YIELD-ACTUAL>                                    8.19                    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>