<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
REGISTRANT'S UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS
ENDED MARCH 31, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000876621
<NAME> SHELBY COUNTY BANCORP
<MULTIPLIER> 1,000
<CURRENCY> U.S.
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-START>                             OCT-01-1997
<PERIOD-END>                               MAR-31-1998
<EXCHANGE-RATE>                                  1,000
<CASH>                                         730,019
<INT-BEARING-DEPOSITS>                           9,407
<FED-FUNDS-SOLD>                                     0
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                  8,089,139
<INVESTMENTS-CARRYING>                         745,085
<INVESTMENTS-MARKET>                           761,275
<LOANS>                                     85,133,188
<ALLOWANCE>                                    714,480
<TOTAL-ASSETS>                              98,464,719
<DEPOSITS>                                  70,533,461
<SHORT-TERM>                                         0
<LIABILITIES-OTHER>                            954,163
<LONG-TERM>                                 19,625,790
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     1,358,123
<OTHER-SE>                                   5,988,182
<TOTAL-LIABILITIES-AND-EQUITY>              98,464,719
<INTEREST-LOAN>                              3,382,187
<INTEREST-INVEST>                              320,756
<INTEREST-OTHER>                                36,707
<INTEREST-TOTAL>                             3,739,650
<INTEREST-DEPOSIT>                           1,698,251
<INTEREST-EXPENSE>                           2,218,457
<INTEREST-INCOME-NET>                        1,521,193
<LOAN-LOSSES>                                  435,000
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                              1,301,943
<INCOME-PRETAX>                                  3,136
<INCOME-PRE-EXTRAORDINARY>                       1,913
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,913
<EPS-PRIMARY>                                      .01
<EPS-DILUTED>                                      .01
<YIELD-ACTUAL>                                    8.36
<LOANS-NON>                                    672,572
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                672,572
<ALLOWANCE-OPEN>                               391,677
<CHARGE-OFFS>                                  116,659
<RECOVERIES>                                     4,462
<ALLOWANCE-CLOSE>                              714,480
<ALLOWANCE-DOMESTIC>                           714,480
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                        714,480