<ARTICLE> 9 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> JUN-30-1998 <PERIOD-END> DEC-31-1997 <CASH> 2,176,656 <INT-BEARING-DEPOSITS> 4,474,216 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 8,666,209 <INVESTMENTS-CARRYING> 21,642,300 <INVESTMENTS-MARKET> 21,653,894 <LOANS> 98,022,811 <ALLOWANCE> 548,000 <TOTAL-ASSETS> 138,355,661 <DEPOSITS> 107,812,086 <SHORT-TERM> 5,220,000 <LIABILITIES-OTHER> 1,573,086 <LONG-TERM> 1,350,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 15,746 <OTHER-SE> 22,384,743 <TOTAL-LIABILITIES-AND-EQUITY> 138,355,661 <INTEREST-LOAN> 4,081,430 <INTEREST-INVEST> 1,009,600 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 5,091,030 <INTEREST-DEPOSIT> 2,621,490 <INTEREST-EXPENSE> 117,920 <INTEREST-INCOME-NET> 2,351,620 <LOAN-LOSSES> 5,000 <SECURITIES-GAINS> 0 <EXPENSE-OTHER> 1,273,559 <INCOME-PRETAX> 1,396,523 <INCOME-PRE-EXTRAORDINARY> 1,396,523 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 865,740 <EPS-PRIMARY> .58 <EPS-DILUTED> .56 <YIELD-ACTUAL> 3.71 <LOANS-NON> 0 <LOANS-PAST> 583,000 <LOANS-TROUBLED> 156,000 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 576,000 <CHARGE-OFFS> 34,000 <RECOVERIES> 1,000 <ALLOWANCE-CLOSE> 548,000 <ALLOWANCE-DOMESTIC> 548,000 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0