<ARTICLE> 9
<LEGEND>
This schedule contains summary financial information extracted from
the consolidated financial statements of Security Federal Bancorp,
Inc. and Subsidiaries in the filing to which this schedule is an
exhibit and is qualified in its entirety by reference to such
financial statements.
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-END>                               JUN-30-1996
<CASH>                                      1,894,833
<INT-BEARING-DEPOSITS>                              0
<FED-FUNDS-SOLD>                                    0
<TRADING-ASSETS>                                    0
<INVESTMENTS-HELD-FOR-SALE>                 4,942,345
<INVESTMENTS-CARRYING>                              0
<INVESTMENTS-MARKET>                                0
<LOANS>                                    67,235,834
<ALLOWANCE>                                   330,003
<TOTAL-ASSETS>                             76,818,198
<DEPOSITS>                                 60,225,207
<SHORT-TERM>                                2,500,000
<LIABILITIES-OTHER>                         2,628,744
<LONG-TERM>                                   625,230
<PREFERRED-MANDATORY>                               0
<PREFERRED>                                         0
<COMMON>                                        6,714
<OTHER-SE>                                 10,832,303
<TOTAL-LIABILITIES-AND-EQUITY>             76,818,198
<INTEREST-LOAN>                             4,309,245
<INTEREST-INVEST>                             373,486
<INTEREST-OTHER>                                    0
<INTEREST-TOTAL>                            4,470,011
<INTEREST-DEPOSIT>                          2,605,905
<INTEREST-EXPENSE>                          2,655,731
<INTEREST-INCOME-NET>                       1,814,280
<LOAN-LOSSES>                                       0
<SECURITIES-GAINS>                             36,960
<EXPENSE-OTHER>                             1,215,797
<INCOME-PRETAX>                               787,293
<INCOME-PRE-EXTRAORDINARY>                    516,884
<EXTRAORDINARY>                                     0
<CHANGES>                                           0
<NET-INCOME>                                  516,884
<EPS-PRIMARY>                                     .77
<EPS-DILUTED>                                     .77
<YIELD-ACTUAL>                                      0
<LOANS-NON>                                         0
<LOANS-PAST>                                        0
<LOANS-TROUBLED>                                    0
<LOANS-PROBLEM>                                     0
<ALLOWANCE-OPEN>                                    0
<CHARGE-OFFS>                                       0
<RECOVERIES>                                        0
<ALLOWANCE-CLOSE>                                   0
<ALLOWANCE-DOMESTIC>                                0
<ALLOWANCE-FOREIGN>                                 0
<ALLOWANCE-UNALLOCATED>                             0