<ARTICLE> 9
<LEGEND>
This schedule contains summary financial information extracted from the balance
sheet and the statement of earnings of Carver Bancorp, Inc. for the period at
and ending March 31, 1998 and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1997
<PERIOD-END>                               MAR-31-1998
<CASH>                                      12,120,071
<INT-BEARING-DEPOSITS>                         399,840
<FED-FUNDS-SOLD>                             3,000,000
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                 28,407,505
<INVESTMENTS-CARRYING>                      91,115,861
<INVESTMENTS-MARKET>                        90,197,873
<LOANS>                                    274,954,337
<ALLOWANCE>                                  3,137,999
<TOTAL-ASSETS>                             437,458,211
<DEPOSITS>                                 274,894,232
<SHORT-TERM>                               123,761,868
<LIABILITIES-OTHER>                          1,424,096
<LONG-TERM>                                  1,183,858
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        23,144
<OTHER-SE>                                  35,511,201
<TOTAL-LIABILITIES-AND-EQUITY>             437,458,211
<INTEREST-LOAN>                             18,311,042
<INTEREST-INVEST>                            8,846,165
<INTEREST-OTHER>                               670,509
<INTEREST-TOTAL>                            27,827,716
<INTEREST-DEPOSIT>                           8,596,358
<INTEREST-EXPENSE>                          15,019,024
<INTEREST-INCOME-NET>                       12,808,692
<LOAN-LOSSES>                                1,259,531
<SECURITIES-GAINS>                             188,483
<EXPENSE-OTHER>                             11,650,948
<INCOME-PRETAX>                              2,249,752
<INCOME-PRE-EXTRAORDINARY>                           0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 1,046,286
<EPS-PRIMARY>                                      .48
<EPS-DILUTED>                                      .48
<YIELD-ACTUAL>                                    7.16
<LOANS-NON>                                  5,568,200
<LOANS-PAST>                                 1,274,344
<LOANS-TROUBLED>                               807,500
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                             2,245,746
<CHARGE-OFFS>                                  367,278
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                            3,137,999
<ALLOWANCE-DOMESTIC>                         3,137,000
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0