<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUN-30-1999 <PERIOD-END> SEP-30-1998 <CASH> 3,591,317 <INT-BEARING-DEPOSITS> 4,137,067 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 121,580,240 <INVESTMENTS-CARRYING> 25,424,636 <INVESTMENTS-MARKET> 25,428,154 <LOANS> 105,250,163 <ALLOWANCE> 1,458,599 <TOTAL-ASSETS> 272,193,480 <DEPOSITS> 139,921,008 <SHORT-TERM> 18,000,000 <LIABILITIES-OTHER> 1,850,275 <LONG-TERM> 74,566,711 <COMMON> 26,450 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 37,829,036 <TOTAL-LIABILITIES-AND-EQUITY> 272,193,480 <INTEREST-LOAN> 2,246,672 <INTEREST-INVEST> 2,134,986 <INTEREST-OTHER> 142,999 <INTEREST-TOTAL> 4,524,657 <INTEREST-DEPOSIT> 1,727,056 <INTEREST-EXPENSE> 2,958,955 <INTEREST-INCOME-NET> 1,565,702 <LOAN-LOSSES> 0 <SECURITIES-GAINS> 119,743 <EXPENSE-OTHER> 1,406,329 <INCOME-PRETAX> 460,367 <INCOME-PRE-EXTRAORDINARY> 310,182 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 310,182 <EPS-BASIC> 0.13 <EPS-DILUTED> 0.13 <YIELD-ACTUAL> 7.36 <LOANS-NON> 0 <LOANS-PAST> 621,000 <LOANS-TROUBLED> 389,000 <LOANS-PROBLEM> 2,735,000 <ALLOWANCE-OPEN> 1,468,546 <CHARGE-OFFS> 13,000 <RECOVERIES> 3,053 <ALLOWANCE-CLOSE> 1,458,599 <ALLOWANCE-DOMESTIC> 1,458,599 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0