<ARTICLE> 9 <MULTIPLIER> 1 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUN-30-1996 <PERIOD-END> SEP-30-1996 <CASH> 693,501 <INT-BEARING-DEPOSITS> 7,288,841 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 1,993,437 <INVESTMENTS-CARRYING> 100,000 <INVESTMENTS-MARKET> 100,000 <LOANS> 81,471,680 <ALLOWANCE> 400,000 <TOTAL-ASSETS> 96,716,316 <DEPOSITS> 65,643,571 <SHORT-TERM> 12,000,000 <LIABILITIES-OTHER> 886,853 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 10,250 <OTHER-SE> 16,966,545 <TOTAL-LIABILITIES-AND-EQUITY> 96,716,136 <INTEREST-LOAN> 1,761,054 <INTEREST-INVEST> 32,712 <INTEREST-OTHER> 20,401 <INTEREST-TOTAL> 1,814,167 <INTEREST-DEPOSIT> 761,056 <INTEREST-EXPENSE> 940,490 <INTEREST-INCOME-NET> 873,677 <LOAN-LOSSES> 18,338 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 112,840 <INCOME-PRETAX> (36,723) <INCOME-PRE-EXTRAORDINARY> (17,802) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (17,802) <EPS-PRIMARY> (.02) <EPS-DILUTED> (.02) <YIELD-ACTUAL> 8.25 <LOANS-NON> 427,563 <LOANS-PAST> 226,673 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 1,292 <ALLOWANCE-OPEN> 388,000 <CHARGE-OFFS> 13,158 <RECOVERIES> 6,819 <ALLOWANCE-CLOSE> 400,000 <ALLOWANCE-DOMESTIC> 400,000 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0