<ARTICLE> 9 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> MAR-31-1998 <PERIOD-END> MAR-31-1998 <CASH> 4,274,700 <INT-BEARING-DEPOSITS> 1,808,159 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 168,270,907 <INVESTMENTS-CARRYING> 18,861,416 <INVESTMENTS-MARKET> 19,119,093 <LOANS> 227,322,668 <ALLOWANCE> 1,973,410 <TOTAL-ASSETS> 439,114,500 <DEPOSITS> 282,942,123 <SHORT-TERM> 35,244,333 <LIABILITIES-OTHER> 14,136,440 <LONG-TERM> 64,108,345 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 49,241 <OTHER-SE> 42,634,018 <TOTAL-LIABILITIES-AND-EQUITY> 439,114,500 <INTEREST-LOAN> 17,509,318 <INTEREST-INVEST> 12,472,811 <INTEREST-OTHER> 539,277 <INTEREST-TOTAL> 30,521,406 <INTEREST-DEPOSIT> 13,431,142 <INTEREST-EXPENSE> 19,342,511 <INTEREST-INCOME-NET> 11,178,895 <LOAN-LOSSES> 177,050 <SECURITIES-GAINS> 42,643 <EXPENSE-OTHER> 8,631,327 <INCOME-PRETAX> 4,462,511 <INCOME-PRE-EXTRAORDINARY> 2,645,167 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,645,167 <EPS-PRIMARY> .65 <EPS-DILUTED> .62 <YIELD-ACTUAL> 7.49 <LOANS-NON> 911,000 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 3,200,000 <ALLOWANCE-OPEN> 2,126,225 <CHARGE-OFFS> 403,896 <RECOVERIES> 74,031 <ALLOWANCE-CLOSE> 1,973,410 <ALLOWANCE-DOMESTIC> 50,000 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 1,923,410