<ARTICLE> 9 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> JUN-30-1998 <PERIOD-END> DEC-31-1997 <CASH> 821,830 <INT-BEARING-DEPOSITS> 5,360,526 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 0 <INVESTMENTS-CARRYING> 197,011 <INVESTMENTS-MARKET> 198,702 <LOANS> 99,681,471 <ALLOWANCE> 544,000 <TOTAL-ASSETS> 111,127,342 <DEPOSITS> 80,094,860 <SHORT-TERM> 12,250,000 <LIABILITIES-OTHER> 768,575 <LONG-TERM> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 10,319 <OTHER-SE> 17,527,475 <TOTAL-LIABILITIES-AND-EQUITY> 111,127,342 <INTEREST-LOAN> 4,351,502 <INTEREST-INVEST> 23,475 <INTEREST-OTHER> 84,248 <INTEREST-TOTAL> 4,459,225 <INTEREST-DEPOSIT> 1,828,401 <INTEREST-EXPENSE> 2,120,214 <INTEREST-INCOME-NET> 2,339,011 <LOAN-LOSSES> 121,566 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 329,510 <INCOME-PRETAX> 828,650 <INCOME-PRE-EXTRAORDINARY> 516,328 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 516,328 <EPS-PRIMARY> 0.54 <EPS-DILUTED> 0.54 <YIELD-ACTUAL> 8.75 <LOANS-NON> 600,000 <LOANS-PAST> 0 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 436,000 <CHARGE-OFFS> 33,024 <RECOVERIES> 19,458 <ALLOWANCE-CLOSE> 544,000 <ALLOWANCE-DOMESTIC> 544,000 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0