<ARTICLE> 9
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE QUARTERLY
REPORT ON FORM 10-Q FOR THE  FISCAL  QUARTER  ENDED  SEPTEMBER  30,  1997 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1998
<PERIOD-END>                               SEP-30-1997
<CASH>                                       4,114,126
<INT-BEARING-DEPOSITS>                          26,510
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                167,501,630
<INVESTMENTS-CARRYING>                      24,818,609
<INVESTMENTS-MARKET>                        25,117,433
<LOANS>                                    217,873,552
<ALLOWANCE>                                  2,183,882
<TOTAL-ASSETS>                             433,568,382
<DEPOSITS>                                 278,921,694
<SHORT-TERM>                                83,788,202
<LIABILITIES-OTHER>                          4,221,251
<LONG-TERM>                                 25,618,040
<PREFERRED-MANDATORY>                           24,590
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                  41,001,385
<TOTAL-LIABILITIES-AND-EQUITY>             433,568,382
<INTEREST-LOAN>                              8,660,601
<INTEREST-INVEST>                            6,530,694
<INTEREST-OTHER>                               246,625
<INTEREST-TOTAL>                            15,437,920
<INTEREST-DEPOSIT>                           6,823,656
<INTEREST-EXPENSE>                           9,852,176
<INTEREST-INCOME-NET>                        5,433,194
<LOAN-LOSSES>                                  152,550
<SECURITIES-GAINS>                              10,285
<EXPENSE-OTHER>                              4,264,193
<INCOME-PRETAX>                              2,196,020
<INCOME-PRE-EXTRAORDINARY>                     913,194
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   913,194
<EPS-PRIMARY>                                     0.60
<EPS-DILUTED>                                     0.60
<YIELD-ACTUAL>                                    7.47
<LOANS-NON>                                  2,425,000
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                             2,109,000
<LOANS-PROBLEM>                                300,699
<ALLOWANCE-OPEN>                             2,126,225
<CHARGE-OFFS>                                  137,963
<RECOVERIES>                                    43,070
<ALLOWANCE-CLOSE>                            2,183,882
<ALLOWANCE-DOMESTIC>                           343,702
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                      1,840,180