<ARTICLE> 9
<CIK> 0000934793
<NAME> FIRST ASHLAND FINANCIAL CORP.
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               JUN-30-1996
<CASH>                                       1,972,134
<INT-BEARING-DEPOSITS>                          99,000
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                          0
<INVESTMENTS-CARRYING>                      13,233,456
<INVESTMENTS-MARKET>                         5,156,058
<LOANS>                                     63,605,367
<ALLOWANCE>                                     93,776
<TOTAL-ASSETS>                              87,421,545
<DEPOSITS>                                  61,307,584
<SHORT-TERM>                                 1,250,000
<LIABILITIES-OTHER>                            690,166
<LONG-TERM>                                    253,333
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        14,630
<OTHER-SE>                                  23,905,832
<TOTAL-LIABILITIES-AND-EQUITY>              87,421,545
<INTEREST-LOAN>                              1,257,104
<INTEREST-INVEST>                              294,081
<INTEREST-OTHER>                                39,926
<INTEREST-TOTAL>                             1,591,110
<INTEREST-DEPOSIT>                             763,295
<INTEREST-EXPENSE>                             786,582
<INTEREST-INCOME-NET>                          804,528
<LOAN-LOSSES>                                        0
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                495,163
<INCOME-PRETAX>                                340,077
<INCOME-PRE-EXTRAORDINARY>                     229,327
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   229,327
<EPS-PRIMARY>                                     0.17
<EPS-DILUTED>                                     0.17
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                    403,368
<LOANS-PAST>                                 2,053,099
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                               108,464
<CHARGE-OFFS>                                   20,227
<RECOVERIES>                                     5,539
<ALLOWANCE-CLOSE>                               93,776
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                         93,776