<ARTICLE> 9 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> JUN-30-1997 <PERIOD-START> JUL-01-1996 <PERIOD-END> SEP-30-1996 <CASH> 577,286 <INT-BEARING-DEPOSITS> 599,388 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 3,249,605 <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 85,511,885 <ALLOWANCE> 694,916 <TOTAL-ASSETS> 93,351,649 <DEPOSITS> 77,804,361 <SHORT-TERM> 0 <LIABILITIES-OTHER> 2,074,122 <LONG-TERM> 1,250,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 945,730 <OTHER-SE> 11,277,436 <TOTAL-LIABILITIES-AND-EQUITY> 93,351,649 <INTEREST-LOAN> 1,952,811 <INTEREST-INVEST> 66,476 <INTEREST-OTHER> 61,594 <INTEREST-TOTAL> 2,080,881 <INTEREST-DEPOSIT> 965,437 <INTEREST-EXPENSE> 1,011,539 <INTEREST-INCOME-NET> 1,069,342 <LOAN-LOSSES> 15,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 1,249,300 <INCOME-PRETAX> (22,834) <INCOME-PRE-EXTRAORDINARY> (22,834) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (834) <EPS-PRIMARY> (.00) <EPS-DILUTED> (.00) <YIELD-ACTUAL> 4.23 <LOANS-NON> 338,000 <LOANS-PAST> 0 <LOANS-TROUBLED> 701,000 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 688,000 <CHARGE-OFFS> 8,000 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 695,000 <ALLOWANCE-DOMESTIC> 695,000 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0