<ARTICLE> 9
<LEGEND>
This schedule contains summary financial information extracted from the
financial statements of Security Federal Bank, a Federal Savings Bank at
and for the year ended June 30, 1999 and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-START>                             JUL-01-1998
<PERIOD-END>                               JUN-30-1999
<CASH>                                           3,175
<INT-BEARING-DEPOSITS>                           1,345
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                     17,873
<INVESTMENTS-CARRYING>                               0
<INVESTMENTS-MARKET>                                 0
<LOANS>                                        149,861
<ALLOWANCE>                                      1,469
<TOTAL-ASSETS>                                 191,495
<DEPOSITS>                                     165,894
<SHORT-TERM>                                     5,000
<LIABILITIES-OTHER>                              2,010
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                      18,532
<TOTAL-LIABILITIES-AND-EQUITY>                  18,532
<INTEREST-LOAN>                                 15,806
<INTEREST-INVEST>                                1,567
<INTEREST-OTHER>                                   406
<INTEREST-TOTAL>                                17,779
<INTEREST-DEPOSIT>                               7,850
<INTEREST-EXPENSE>                               9,424
<INTEREST-INCOME-NET>                            8,355
<LOAN-LOSSES>                                      750
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                 10,300
<INCOME-PRETAX>                                  (608)
<INCOME-PRE-EXTRAORDINARY>                       (608)
<EXTRAORDINARY>                                  (608)
<CHANGES>                                        (608)
<NET-INCOME>                                     (608)
<EPS-BASIC>                                        0
<EPS-DILUTED>                                        0
<YIELD-ACTUAL>                                    3.64
<LOANS-NON>                                      2,107
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                 1,289
<CHARGE-OFFS>                                      586
<RECOVERIES>                                        16
<ALLOWANCE-CLOSE>                                1,469
<ALLOWANCE-DOMESTIC>                             1,469
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                             99