<ARTICLE> 9 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION DERIVED FROM THE QUARTERLY REPORT ON FORM 10-QSB AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL INFORMATION. </LEGEND> <MULTIPLIER> 1 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> JUN-30-1998 <PERIOD-END> DEC-31-1997 <CASH> 14,505 <INT-BEARING-DEPOSITS> 1,730,913 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 19,001,123 <INVESTMENTS-CARRYING> 20,996,006 <INVESTMENTS-MARKET> 21,777,617 <LOANS> 23,374,423 <ALLOWANCE> 213,034 <TOTAL-ASSETS> 67,147,038 <DEPOSITS> 46,979,232 <SHORT-TERM> 7,016,083 <LIABILITIES-OTHER> 350,318 <LONG-TERM> 1,000,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 112,500 <OTHER-SE> 11,688,905 <TOTAL-LIABILITIES-AND-EQUITY> 11,801,405 <INTEREST-LOAN> 953,735 <INTEREST-INVEST> 1,323,248 <INTEREST-OTHER> 35,524 <INTEREST-TOTAL> 2,312,507 <INTEREST-DEPOSIT> 1,268,372 <INTEREST-EXPENSE> 1,451,606 <INTEREST-INCOME-NET> 860,901 <LOAN-LOSSES> 0 <SECURITIES-GAINS> 7,871 <EXPENSE-OTHER> 586,045 <INCOME-PRETAX> 321,844 <INCOME-PRE-EXTRAORDINARY> 321,844 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 205,043 <EPS-PRIMARY> .24<F1> <EPS-DILUTED> .23 <YIELD-ACTUAL> 2.72 <LOANS-NON> 0 <LOANS-PAST> 501,590 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 501,590 <ALLOWANCE-OPEN> 213,034 <CHARGE-OFFS> 0 <RECOVERIES> 0 <ALLOWANCE-CLOSE> 213,034 <ALLOWANCE-DOMESTIC> 213,034 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 213,034 <FN> <F1> BASIC EARNINGS PER SHARE </FN>