<ARTICLE> 9 <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> SEP-30-1996 <PERIOD-END> SEP-30-1996 <CASH> 11,874 <INT-BEARING-DEPOSITS> 521 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 9,466 <INVESTMENTS-CARRYING> 59,071 <INVESTMENTS-MARKET> 58,319 <LOANS> 490,037 <ALLOWANCE> 12,284 <TOTAL-ASSETS> 610,417 <DEPOSITS> 554,320 <SHORT-TERM> 600 <LIABILITIES-OTHER> 14,933 <LONG-TERM> 5,328 <COMMON> 39 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 35,197 <TOTAL-LIABILITIES-AND-EQUITY> 610,417 <INTEREST-LOAN> 58,453 <INTEREST-INVEST> 4,377 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 62,830 <INTEREST-DEPOSIT> 22,965 <INTEREST-EXPENSE> 24,054 <INTEREST-INCOME-NET> 25,185 <LOAN-LOSSES> 8,900 <SECURITIES-GAINS> 69 <EXPENSE-OTHER> 2,851 <INCOME-PRETAX> (7,257) <INCOME-PRE-EXTRAORDINARY> (5,649) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (5,649) <EPS-PRIMARY> (1.40) <EPS-DILUTED> (1.40) <YIELD-ACTUAL> 8.56 <LOANS-NON> 19,859 <LOANS-PAST> 0 <LOANS-TROUBLED> 1,416 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 6,082 <CHARGE-OFFS> 2,839 <RECOVERIES> 141 <ALLOWANCE-CLOSE> 12,284 <ALLOWANCE-DOMESTIC> 6,341 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 5,943