<ARTICLE> 9 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> JUN-30-1997 <PERIOD-END> JUN-30-1997 <CASH> 1,722,734 <INT-BEARING-DEPOSITS> 1,950,522 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 2,921,251 <INVESTMENTS-HELD-FOR-SALE> 25,550,974 <INVESTMENTS-CARRYING> 4,003,575 <INVESTMENTS-MARKET> 4,001,875 <LOANS> 111,530,092 <ALLOWANCE> 225,862 <TOTAL-ASSETS> 155,675,191 <DEPOSITS> 102,862,152 <SHORT-TERM> 18,000,000 <LIABILITIES-OTHER> 1,220,730 <LONG-TERM> 11,000,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 17,535 <OTHER-SE> 22,574,774 <TOTAL-LIABILITIES-AND-EQUITY> 155,675,191 <INTEREST-LOAN> 8,206,364 <INTEREST-INVEST> 1,907,129 <INTEREST-OTHER> 315,048 <INTEREST-TOTAL> 10,428,541 <INTEREST-DEPOSIT> 4,924,144 <INTEREST-EXPENSE> 6,149,103 <INTEREST-INCOME-NET> 4,279,438 <LOAN-LOSSES> 60,000 <SECURITIES-GAINS> 730,871 <EXPENSE-OTHER> 4,371,758 <INCOME-PRETAX> 1,401,553 <INCOME-PRE-EXTRAORDINARY> 1,401,553 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 922,829 <EPS-PRIMARY> .52 <EPS-DILUTED> .52 <YIELD-ACTUAL> 7.61 <LOANS-NON> 417,000 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 165,862 <CHARGE-OFFS> 0 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 225,862 <ALLOWANCE-DOMESTIC> 0 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 225,862