<ARTICLE> 9
<LEGEND>
This schedule contains financial information extracted from the consolidated
financial statements of NS&L Bancorp, Inc. for the three months ended 
December 31, 1998 and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               DEC-31-1998
<CASH>                                       9,977,059
<INT-BEARING-DEPOSITS>                         575,000
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    196,688
<INVESTMENTS-CARRYING>                      13,765,528
<INVESTMENTS-MARKET>                        13,943,735
<LOANS>                                     38,565,042
<ALLOWANCE>                                     54,106
<TOTAL-ASSETS>                              64,844,341
<DEPOSITS>                                  49,618,177
<SHORT-TERM>                                         0
<LIABILITIES-OTHER>                            838,877
<LONG-TERM>                                  3,954,193
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         8,863
<OTHER-SE>                                  10,424,221
<TOTAL-LIABILITIES-AND-EQUITY>              64,844,341
<INTEREST-LOAN>                                715,041
<INTEREST-INVEST>                              151,832
<INTEREST-OTHER>                               186,559
<INTEREST-TOTAL>                             1,053,432
<INTEREST-DEPOSIT>                             533,890
<INTEREST-EXPENSE>                             591,897
<INTEREST-INCOME-NET>                          461,535
<LOAN-LOSSES>                                    3,512
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                431,306
<INCOME-PRETAX>                                149,694
<INCOME-PRE-EXTRAORDINARY>                     105,184
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   105,184
<EPS-PRIMARY>                                      .18
<EPS-DILUTED>                                      .18
<YIELD-ACTUAL>                                    2.16
<LOANS-NON>                                     20,111
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                51,612
<CHARGE-OFFS>                                        0
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                               54,106
<ALLOWANCE-DOMESTIC>                            54,106
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0