<ARTICLE> 9 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> JUN-30-1998 <PERIOD-END> DEC-31-1997 <CASH> 2,014,947 <INT-BEARING-DEPOSITS> 3,971,211 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 2,240,003 <INVESTMENTS-HELD-FOR-SALE> 30,030,356 <INVESTMENTS-CARRYING> 5,880,551 <INVESTMENTS-MARKET> 5,906,788 <LOANS> 118,712,495 <ALLOWANCE> 261,862 <TOTAL-ASSETS> 169,577,380 <DEPOSITS> 109,548,230 <SHORT-TERM> 27,000,000 <LIABILITIES-OTHER> 868,908 <LONG-TERM> 9,000,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 26,226 <OTHER-SE> 23,134,016 <TOTAL-LIABILITIES-AND-EQUITY> 169,577,380 <INTEREST-LOAN> 4,817,396 <INTEREST-INVEST> 1,203,705 <INTEREST-OTHER> 64,158 <INTEREST-TOTAL> 6,085,259 <INTEREST-DEPOSIT> 2,730,493 <INTEREST-EXPENSE> 3,726,931 <INTEREST-INCOME-NET> 2,358,328 <LOAN-LOSSES> 36,000 <SECURITIES-GAINS> 181,987 <EXPENSE-OTHER> 2,191,566 <INCOME-PRETAX> 805,431 <INCOME-PRE-EXTRAORDINARY> 805,431 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 532,171 <EPS-PRIMARY> .23 <EPS-DILUTED> .20 <YIELD-ACTUAL> 7.82 <LOANS-NON> 589,278 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 225,862 <CHARGE-OFFS> 0 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 261,862 <ALLOWANCE-DOMESTIC> 0 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 261,862