<TABLE> <S> <C>

<PAGE>

<ARTICLE> 9
       
<S>                             <C>                     <C>
<PERIOD-TYPE>                   3-MOS                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998             DEC-31-1997
<PERIOD-START>                             JAN-01-1998             JAN-01-1997
<PERIOD-END>                               MAR-31-1998             MAR-31-1997
<CASH>                                         865,927                       0
<INT-BEARING-DEPOSITS>                               0                       0
<FED-FUNDS-SOLD>                             6,340,000                       0
<TRADING-ASSETS>                                     0                       0
<INVESTMENTS-HELD-FOR-SALE>                  5,210,254                       0
<INVESTMENTS-CARRYING>                               0                       0
<INVESTMENTS-MARKET>                                 0                       0
<LOANS>                                      1,133,408                       0
<ALLOWANCE>                                      1,500                       0
<TOTAL-ASSETS>                              14,358,017                       0
<DEPOSITS>                                   6,622,084                       0
<SHORT-TERM>                                         0                       0
<LIABILITIES-OTHER>                             20,258                       0
<LONG-TERM>                                          0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                        16,280                       0
<OTHER-SE>                                   7,699,395                       0
<TOTAL-LIABILITIES-AND-EQUITY>              14,358,017                       0
<INTEREST-LOAN>                                 12,719                       0
<INTEREST-INVEST>                               47,120                       0
<INTEREST-OTHER>                               106,000                     436
<INTEREST-TOTAL>                               165,839                     436
<INTEREST-DEPOSIT>                              22,509                       0
<INTEREST-EXPENSE>                              22,509                       0
<INTEREST-INCOME-NET>                          143,330                     436
<LOAN-LOSSES>                                    1,500                       0
<SECURITIES-GAINS>                                   0                       0
<EXPENSE-OTHER>                                363,810                  25,459
<INCOME-PRETAX>                              (220,371)                (25,023)
<INCOME-PRE-EXTRAORDINARY>                   (220,371)                (25,023)
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                 (220,371)                (25,023)
<EPS-PRIMARY>                                    (.21)                   (.31)
<EPS-DILUTED>                                    (.21)                   (.31)
<YIELD-ACTUAL>                                    4.68                    0.00
<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>                                1,500                       0
<ALLOWANCE-DOMESTIC>                             1,500                       0
<ALLOWANCE-FOREIGN>                                  0                       0
<ALLOWANCE-UNALLOCATED>                              0                       0
        

</TABLE>